BITZIO, INC. 10-K
9725 Cozycroft Avenue, Suite A
Chatsworth, CA 91311
Phone: (818) 775-0339
Current Share Structure
as of 3/31/16
Outsanding Shares: 7,577,897,074
Authorized Shares: 10,000,000,000
Interwest Transfer Company, Inc.
1981 Murray Holladay Road, Suite 100
Salt Lake City, UT 84117
VIRIDIS CAPITAL LLC,
FLUX CARBON CORPORATION,
GS CLEANTECH CORPORATION,
GREENSHIFT ENGINEERING, INC.,
LEXI – LUU DESIGNS INC.,
PUNKZ GEAR INC.,
SKIPJACK DIVE & DANCEWEAR INC.,
E-MOTION APPAREL INC.,
The Bitzio Team:
Chairman and Chief Executive Officer of Bitzio, Inc.
Kevin Kreisler is the founder and chairman of GreenShift Corporation. Mr. Kreisler has been responsible for the development and commercialization of GreenShift’s technologies. Mr. Kreisler served as GreenShift’s vice president from 1998 to 2000, president from 2000 to 2002, chief executive officer from 2002 to 2013 and from 2014 to the present. Mr. Kreisler has also served as GreenShift’s chairman from 2005 to the present. Mr. Kreisler is a graduate of Rutgers University College of Engineering (B.S., Civil and Environmental Engineering, 1994), Rutgers University Graduate School of Management (M.B.A., 1995), and Rutgers University School of Law (J.D., 1997). Mr. Kreisler is admitted to practice law in New Jersey and the United States District Court for the District of New Jersey.
Marilu Brassington Calvez
Chief Financial Officer at Bitzio, Inc.
Marilu Brassington began her career as an auditor at Deloitte and Touche, where she earned her Certified Public Accounting (CPA) license. Marilu then relocated to France to become Financial Controller for Société Générale, the nation’s second largest bank.
Marilu has been a financial consultant and has developed, managed, and grown two startups which led to the successful sale to publicly listed companies. As partner and CFO, she led a successful acquisition and transition to scale to Interactive Corp (IAC) , a publicly traded conglomerate. Marilu is also the co-founder and CEO of Emotion Apparel, a women’s casual lifestyle clothing. She offers expertise in financial management, in both the private and public sector, and operational management.
Carly Amber Becker
Chief Marketing Officer, Bitzio Inc.
Carly's LinkedIn bio
BTZO FILINGS: http://www.otcmarkets.com/stock/BTZO/filings
"We are also excited to announce new strategic partners for Emotion Apparel," added Marilu Brassington, the Company's chief financial officer.
Effective November 2015, Emotion Apparel has joined Universal Companies. Universal Companies is the leading single-source supplier to the spa industry, providing products to help day spas, resort spas and independent practitioners manage and grow their businesses. Universal simplifies the demands placed on spa operators by being a one-source spa solution. Through Universal Companies, Emotion Apparel product will be presented to 36,000 unique customers across all spa business. Emotion Apparel will be the only clothing line that is being offered to these customers. We are excited to embark on this new venture and expect it to prove a mutually beneficially partnership.
Acquisition of Viridis Capital LLC
On December 31, 2015, Bitzio acquired sole ownership of Viridis Capital LLC ("Viridis") from FLUX Carbon Corporation ("FCC"), an entity owned by Kevin Kreisler. In consideration for the transfer of Viridis, Bitzio issued to FCC 800,000 shares of Bitzio's Series F Preferred Stock. The principal asset owned by Viridis at that time was 800,115 shares of Series D Preferred Stock issued by GreenShift Corporation ("GreenShift"), a Delaware corporation.
On the same date, Bitzio issued to EXO Opportunity Fund LLC ("EXO") 200,000 shares of Series E Preferred Stock, and received in return 187,029 shares of GreenShift Series D Preferred Stock. One of the two members of EXO is an entity owned by the father of Kevin Kreisler, the Chief Executive Officer of GreenShift.
Subsequently, on that same date, Bitzio surrendered 987,144 Series D shares and paid $2,500,000 in cash to GreenShift in exchange for 800,000 shares of GreenShift's Series G Preferred Stock, corresponding to an 80% equity interest in GreenShift.
GreenShift Corporation (OTC Pink: GERS) develops and commercializes clean technologies that facilitate the more efficient use of natural resources. GreenShift markets primarily to the U.S. ethanol industry, where it offers technologies that improve the profitability of licensed ethanol producers. GreenShift generates revenue by licensing its technologies to ethanol producers, and by providing its licensees with related services.
FLUX Carbon Completes Acquisition
ALPHARETTA, Ga.--(BUSINESS WIRE)-- FLUX Carbon Corporation (“FCC”) today announced the completion of a series of transactions pursuant to which it acquired majority equity stakes in Bitzio, Inc. (OTCQB: BTZO) and GreenShift Corporation (OTCQB: GERS).
The transactions additionally involved the completion by Bitzio of $2.9 million in conventional debt financing, the acquisition by Bitzio of 80% of GreenShift, and the satisfaction and elimination by GreenShift of about $14 million in debt.
FCC and GreenShift have assembled a portfolio of intellectual properties with application potential in three sectors: agriculture, energy, and lifestyle. The technologies cover renewable fuels and chemicals, solar energy and fuels, energy and chemical detection, cannabinoid extraction, wearables and consumer products, among others. The recent transactions are part of FCC’s broader plan to bring those technologies to market.
Planned additional transactions include the transfer of FCC’s stakes in Pervasip Corp. (OTCQB: PVSP), FLUX Carbon Technologies LLC, FLUX Photon Corporation, and Noveda Technologies, Inc., among others to GreenShift for no additional consideration, and the merger of Bitzio and GreenShift.
“The recently completed transactions were structured to eliminate the majority of the combined company’s convertible debt and the associated overhang,” said Marilu Brassington, Bitzio’s Chief Financial Officer. “That overhang has impeded the financing and growth of each company and many of our technologies for years. We are very excited to have eliminated the bulk of it on terms that are favorable to our shareholders, and we are evaluating additional transactions to eliminate the balance of the combined company’s debt and overhang as quickly as possible.”
Additional information on the recently completed transactions is available online in Current Reports on Form 8K filed by both Bitzio and GreenShift on January 26, 2016.
About FLUX Carbon Corporation
FLUX Carbon Corporation develops and commercializes technologies that facilitate the more efficient use of natural resources.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of commodity prices and operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160128006279/en/
For FLUX Carbon Corporation
Christopher Kennedy, 770-886-2734
Source: FLUX Carbon Corporation
© Copyright Business Wire 2016
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Universal Companies/A' La Mode Partners
"We are also excited to announce new strategic partners for Emotion Apparel," added Marilu Brassington, the Company's chief financial officer. "Effective November 2015, Emotion Apparel has joined Universal Companies. Universal Companies is the leading single-source supplier to the spa industry, providing products to help day spas, resort spas and independent practitioners manage and grow their businesses. Universal simplifies the demands placed on spa operators by being a one-source spa solution. Through Universal Companies, Emotion Apparel product will be presented to 36,000 unique customers across all spa business. Emotion Apparel will be the only clothing line that is being offered to these customers. We are excited to embark on this new venture and expect it to prove a mutually beneficially partnership."
About a' la mode: Where To Find à la mode
à la mode travels the country continually searching for new and exciting brands to add to our collection. We also attend about 15 industry events annually where we showcase our brands to buyers in key geographical markets. Here are the events where you will find us this year in addition to some of the properties that carry our products:
LIVE LOVE SPA
Las Vegas Mar 17-18
Seattle Apr 7-8
Chicago May 5-6
Miami May 19-20
Dallas Jun 9-10
Phoenix Jul 28-29
New York Aug 18-19
Los Angeles Sep 15-16
Atlanta Oct 27-28
Sonoma Nov 17-18
Hawaii Dec 8-9
Green Spa Network
Berkeley Apr 27-30
Santa Fe Sept 18-24
Waldorf Astoria Spas
American Leisure Properties
The Trump Spas
The Sanctuary Spa, San Diego, CA
Harrah’s Rincon, Valley Center, CA
Kohler Waters Spa, Kohler WI
Kohler Waters Spa, Burr Ridge, IL
The Grand Geneva Resort, Lake Geneva WI
Avani at The Abbey Resort, Fontana, WI
SiSpa at the Palm Beach Marriott Singer
Island Beach Resort and Spa, FL
The Flamingo, Las Vegas
The Cromwell, Las Vegas
The Setai Wall Street, NY
Travaasa Resort and Spa, Hana HI and Austin, TX
Spa at Gainey Ranch, Scottsdale, AZ
Miraval Resort, Tucson, AZ
MGM Mirage, Las Vegas, NV
Pala Casino Resort, Pala, CA
OMNI Amelia Island Plantation, Amelia Island, FL
The Spa - Williams Island Club, Aventura, FL
Senses – A Disney Spa, Orland, FL
Exhale Spa, Atlantic City, NJ
Navii Salon Spa, Schererville, IN
Sundara Inn and Spa, Wisconsin Dells, WI
MySpa@Fairmont, Chicago http://www.universalcompanies.com/search/?q=emotion Equal parts fashion, function and wearable art, Emotion Apparel is everyday wear—for every woman. Whether you’re in flip-flops or heels, our fashion formula combines fantastic fit and fabulous designs—with a modern take on tie-dye—to create comfortable, dynamic, one-of-a-kind casual wear for today’s active lifestyle.
Our products are made in sunny California and are 100% refundable if you are not satisfied.