Tuesday, July 08, 2014 12:27:19 AM
More Great News from American Green
American Green Sells OneBode to the Healthy Home Company
TEMPE, AZ--(Marketwired - Jul 7, 2014) - American Green (OTC: ERBB) announced today that it has sold all of the assets of its wholly owned subsidiaries OneBode Holdings LLC and OneBode Ventures LLC for $3,500,000 to the Healthy Home Company and OneBode founders Sean and Tylene Loomer. OneBode was acquired by American Green in June of 2013. The sales price reflects the value created in OneBode over the past year and locks in a solid rate of return for American Green shareholders. Simultaneously it will free both time and operating capital for American Green to focus on its other divisions as it expands and utilizes the offices formerly occupied by OneBode.
"Healthy Home is a rapidly growing business with a unique sales model that doesn't require physical locations or cyber marketing. Rewarding people for telling others about their products is the oldest and most powerful form of advertising. This model is perfectly suited to get the OneBode products to the people that need them," comments Stephen Shearin, American Green President. "This is absolutely the best outcome for all parties involved and while we'll miss the OneBode team and its enthusiasm, this will enable them to flourish in an organization perfectly suited to their endeavors."
"Last year, when we were acquired by Tranzbyte, Tylene and I counted on them to help us create a winning successful environment at OneBode, one that was capable of attracting a great company like Healthy Home. The speed at which Healthy Home is growing is incredibly exciting, and we expect that growth to continue. The OneBode platform and our new Health Home partnership are an ideal match designed to propel us in our mission to educate the public on the benefits of living a healthy lifestyle."
"The Healthy Home Company is growing through acquisitions, joint ventures and consolidating strategic partnerships under our umbrella. This is the 4th transaction since January that my partner Ben Platt, CFO and I have executed and the most strategic thus far." According to Bill Glynn, CEO of the Healthy Home Company. "The really big win is becoming partners with Sean and Tylene. I believe they are destined to be nationally recognized brands in the health and wellness space and Healthy Home will put its muscle behind them to make that so."
ABOUT AMERICAN GREEN
American Green, formally Altitude Organix, became the first publicly traded medical marijuana dispensary brand in the world as American Green Corporation. Beginning in 2009, the company has developed retailing, branding, and commercial cultivating strategies in conjunction with its licensed medical marijuana retail dispensaries operating under the Altitude Organic Medicine brand name. While the Company is no longer associated with the Altitude Organic Medicine outlets in Colorado, it has spent the last year developing an "automated dispensary" that will offer the company's proprietary products to qualified adults in the US and around the world under its “American Green” brand. The Company's newly acquired YO! Debit Card has been rebranded as “ZaZZZ” for use in its proprietary machines and will be accepted at participating dispensaries and other select locations who become members of the ZaZZZ Network.
ABOUT TRANZBYTE
The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind American Green, American Green, The YO! Debit Card, and BancoLibre. The company expects to continue its plan to acquire, hold, or spin out successful divisions in what has been described in previous news releases as "dividend farming," Companies that qualify and decide to become public on their own will agree to carve out shares for Tranzbyte and dividends for their ERBB shareholders.
Tranzbyte also houses the company's 10-year-old technology division which is actively engaged in the sale of its optical media enhancement products to potential customers in the US and Asia. Products in the Tranzbyte division include FLASHAlbum™ and FlixStix -- technologies that the company plans to be incorporated into the Company’s ZaZZZ Machine whiile enabling distributors of optical media (CDs, DVDs, etc.) to consolidate the best features of each medium onto a single content-protected USB flash drive.
ABOUT PROXIMARF AND APPLIED RFID
Founded in 2006, Applied RFID and its operating subsidiaries (www.proximarf.com), have a versatile and leading-edge portfolio of RFID reader, sensor tag and data logging products based on the ISO 15693 standard of high frequency (13.56Mhz) RFID.
Once the acquisition agreement with Tranzbyte is finalized (Q2/14), the company has plans to increase its network of global distributors and value-added resellers with plans to incorporate the technology as a tracking system for legal marijuana movements. With its "Proxima RF" line of RFID readers, sensor tags, sensor probes and data logging products, the Company seeks out opportunities with partners who have a unique software offering within market verticals where the implementation of secure data collection and temperature sensing bring real and immediate ROI to users. These key markets include: food safety, cold chain logistics and healthcare/pharmaceutical as well as factory and field maintenance applications.
About Healthy Home Company
The Healthy Home Company competes with grocery stores and online retailers that sell organic and all natural products using word of mouth advertising. Healthy Home sells personal care, household, health and wellness, skin care and make-up products made with all-natural, organic, and toxin-free ingredients under its own brand and several brand partnerships. Healthy Home members are rewarded with a 10% commission for referring others to shop based on how much they purchase, and uniquely, for as long as they purchase products. Other Healthy Home offerings allow members to build their own businesses in order to earn a part time or full time income by simply sharing products they use every day with their friends. The OneBode acquisition increases the Healthy Home portfolio of products to almost 100 and expands the company's competitive focus to go head-to-head with major vitamin and supplement shops across the country.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
Companies and Contacts:
American Green and Zazzz
Stephen Shearin
President and COO
1221 W Warner Rd., Suite 103
Tempe, AZ 85284
(480) 443-1600
www.americangreen.com
stephen@tranzbyte.com
Twitter: @tranzbyte
Tranzbyte Corporation
David G. Gwyther
Chairman
1221 W Warner Rd Suite 103
Tempe, AZ 85284
480-443-1600
davidgwyther@tranzbyte.com
http://www.tranzbyte.com
Tranzbyte Corporation - Hong Kong
Mr. John Martin
Managing Director
Rm 802, 8/F, Kai Tak Commercial Building
317-319 Des Voeux Road
Central,
Hong Kong (SAR)
Ben Platt
CFO
Healthy Home Company
1200 Plantation Island Drive suite 230
St. Augustine, FL
32080
1-904-460-0747
ben@healthyhomecompany.com
www.
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