LOS ANGELES, CA--(Marketwired - Feb 13, 2014) - Bitzio (OTCQB: BTZO), a fashion acquisition company operating under the trade name Democratique, announced today the appointment of Tamy Aberson-Sloboda, Ph.D., as president, effective January 23.
Ms. Aberson-Sloboda, a recognized leader in organizational change and development, has been serving as director since last November, when Democratique was created. She has held numerous executive leadership positions in the public and private sectors. Most recently, as the co-founder and CEO of a successful dot-com startup, Ms. Aberson-Sloboda led in the acquisition and transition-to-scale operations to meet the demands of the acquiring company, Interactive Corp (IAC), a publicly traded conglomerate. She has provided consulting expertise for IAC as well as companies such as Walt Disney and Goodwill Industries. She also co-founded a boutique consulting firm specialized in developing predictive analytics around organizational effectiveness and radical innovation. In addition, Ms. Aberson-Sloboda contributes as an adjunct professor in the Massachusetts School of Professional Psychology's department of Organizational Leadership.
With the recent announcement regarding the intent to acquire E-Motion Apparel, as well as several other imminent acquisitions in the pipeline, Ms. Aberson-Sloboda leads Democratique in building a solid infrastructure to ensure brands realize large-scale growth and sustainability. Both her experience building and leading business, as well as her extensive graduate-level training from the Marshall Goldsmith School of Management, provides Democratique with an expertise to not just navigate change and development, but to thrive from it.
With an established executive team, which includes Ms. Aberson-Sloboda's decade-long, successful partnership with Democratique's CFO, Democratique delivers a powerful, collective force, encompassing all of the critical pieces to fulfill the company's vision.
"Tamy brings exceptional experience, expertise and insight, a strong background in driving growth and innovation and a proven track record of laser-focused, acquisitive growth strategy to the table. She is a critical component of Democratique's drive to execute our long-term growth plan moving forward," said Bitzio CEO and former president Gordon McDougall.
Democratique is moving forward with solid strategic plans and bold action. The company's model is to acquire emerging apparel brands, provide them with the tools they need for success and propel them to profitability, while exponentially increasing the company's share in the booming apparel marketplace.
Ms. Aberson-Sloboda said, "I am delighted to be leading Democratique at such an exciting time. As an apparel brands accelerator, Democratique has the resources, expertise and knowledge to catapult emerging brands of apparel to exponential growth. I look forward to working closely with the extraordinary senior management team and to continue developing Democratique's strategic plans to revolutionize the landscape in emerging fashion."
Ms. Aberson-Sloboda holds a Ph.D. and a Master of Science in Industrial-Organizational Psychology from the California School of Professional Psychology, Marshall Goldsmith School of Management.
About Bitzio, Inc.
Bitzio, Inc. (OTCQB: BTZO) started as a mobile app development business leveraging celebrity and athlete followings. Taking what it learned from the celebrity market, in mid-2013, Bitzio shifted its focus to fashion with a unique Los Angeles-based apparel incubation model. Uniquely qualified to identify promising apparel brands, Bitzio accelerates these emerging brands with its access to capital, extensive industry experience, centralized operations and established manufacturing and distribution channels. Bitzio is based in Los Angeles, California.
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws, including statements relating to expectations for the acquisition of E-Motion Apparel and its performance thereafter; The terms and phrases "expects", "would", "will", "believes", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by Bitzio in light of its experience and its perception of current conditions and expected future developments, as well as other factors that Bitzio believes are appropriate in the circumstances. Many factors could cause Bitzio's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. These risk factors and others relating to Bitzio that may cause actual results to differ are set forth in Bitzio's periodic filings with the U.S. Securities and Exchange Commission (copies of which filings may be obtained at www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on Bitzio's forward-looking statements. Bitzio has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.