PHOENIX and DENVER, Dec. 5, 2012 /PRNewswire via COMTEX/ -- Altitude Organic Corp, a subsidiary of Tranzbyte Corporation (erbb:OTC) is pleased to announce it is in final negotiations to exclusively partner with a major organic fertilizer producer. The proprietary fertilizer and soil mixtures developed by this company have won International acclaim for the tremendous yield and growth enhancing properties of all produce and plants it has been tested on. Upon execution of the agreement, the partnership will provide a tremendous production enhancement and decrease in commercial growing expenditure for Altitude Organic businesses versus competitors in the cannabis industry. In conjunction with the company's scientists, Altitude Organic Corp will develop its own proprietary organic soil and nutrient blends to provide our operators far better plant growth, better soil conditioning, and insure the use of our exclusive uniform organic growing system between managed and acquired dispensary businesses.
Managing Director of Altitude Organic Brian Cook stated, "We are excited to create the industry's first commercial organic product lines in conjunction with an esteemed company looking to enter the up-and-coming cannabis industry. This relationship is an example of one we have been cultivating over the last two years that should come to fruition upon final negotiation. All of our partner-operators and acquired businesses can look forward to increasing yields by 30% or greater, reducing their fertilizer and nutrient bill by 1/3rd, dramatically increasing flower size, receiving better plant nutrition from trace minerals, and operating using only (OMRI) Organic Material Review Institute certified fertilizer. This is a huge step in setting our product lines and operations ahead of the rest of the industry."
ABOUT TRANZBYTEThe Tranzbyte Corporation ( www.tranzbyte.com ) is a driving force behind Altitude Organic Corporation. 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 that decide to become public on their own will agree to carve out shares for Tranzbyte and their ERBB shareholders once the spin-out is registered and publicly trading. This year, Tranzbyte acquired ProximaRF - a leading-edge company that produces a line of products supporting leading-edge RFID technology.
Tranzbyte also houses the company's 9-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(TM) and FlixStix -- technologies that enable distributors of optical media (CDs, DVDs, etc.) to consolidate the best features of each medium onto a single content-protected USB flash drive.
ABOUT ALTITUDE ORGANIC CORPORATIONAltitude Organic Corporation is the first publicly traded medical marijuana dispensary brand in the world. 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. The company has operated in California, Colorado, and Arizona. Altitude Organic Corporation is currently targeting expansion through dispensary and caregiver managed partnerships, as well as outright acquisition in 'for-profit' medical marijuana states. The company seeks to capture market share in the fast growing, multi-billion dollar cannabis industry. For more information visit www.altitudeorganix.com .
ABOUT PROXIMARF AND APPLIED RFIDFounded 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.
The company has plans to increase its network of global distributors and value-added resellers. 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.
NOTES ABOUT FORWARD-LOOKING STATEMENTSExcept 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.
Company and Contact:
David G. Gwyther, PresidentTranzbyte Corporation14220 N. Northsight Blvd., Suite 139Scottsdale, Arizona 85260480.443.1600 davidgwyther@tranzbyte.com http://www.tranzbyte.com
Mr. John T. Martin, Asian DivisionTranzbyte Corporation Rm 308, 3/F, Kai Tak Commercial Building317-319 Des Voeux Road Central,Hong Kong (SAR)
Mr. Brian Cook, Managing DirectorAltitude Organic Corporation14220 N. Northsight Blvd., Suite 139-AScottsdale, AZ 85260480.443.1600 briancook@altitudeorganix.com http://www.altitudeorganix.com
Victor J. Elias, PresidentProximaRF Technology Holding CompanyProximaRF Corporate Office14220 N. Northsight Blvd., Suite 139-BScottsdale, AZ 85260480-443-1600 http://www.proximarf.com
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