Bitzio, Inc.
OTC Bulletin Board : BTZO

Bitzio, Inc.

September 14, 2011 09:15 ET

Bitzio, Inc. Appoints Ascendiant Securities as Investment Banking Firm

SAN DIEGO, CALIFORNIA--(Marketwire - Sept. 14, 2011) - Bitzio, Inc. (OTCBB:BTZO) today announced its engagement of Ascendiant Securities LLC, an investment banking firm which advises on and facilitates debt and equity financing through private placements, and provides assistance with mergers and acquisitions. Ascendiant specializes in the delivery of investment capital and related advisory services to small-cap and micro-cap public companies in the U.S. and selected foreign markets.

"We are pleased to engage with Ascendiant as our new strategic and financial partner," said Gordon McDougall, Bitzio's CEO. "With their seasoned team of advisors and financiers, we look forward to working on raising additional capital to fund acquisitions and revenue producing product roll out activities."

"Bitzio's management team coupled with their technology and marketing platform really provides a unique opportunity in the mobile apps space," said Andre Peschong, a Managing Director of Ascendiant Securities. "We are excited to be working with such a dynamic company," he added.

Ascendiant Securities, and its affiliate, Ascendiant Capital Markets LLC, a full service investment banking, equity research, market making, and securities trading firm are registered with the U.S. Securities and Exchange Commission (SEC) as broker-dealers, and are members of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).

Ascendiant Securities is also affiliated with Ascendiant Capital Partners LLC which makes direct investments in publicly traded companies.

About Bitzio, Inc.

Bitzio, Inc. is a company with a strong focus on smartphone applications, social media and marketing optimization. We work with and acquire developers of mobile applications to dramatically improve their marketing reach, sales conversion, revenue and bottom line profits. We envision a mobile community where mobile applications enable people to connect in new and meaningful ways, and where Bitzio is a key driving force enabling these connections. For more information on the company, visit us at www.bitzio.com.

Learn more about Bitzio Inc. Watch the video.

About Ascendiant

Since 2001, Ascendiant has provided capital, strategic guidance, and investment banking support, to public and private emerging growth companies in the United States and selected foreign markets. For more information, please visit www.ascendiant.com.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature or which relate to future events and are subject to risks and uncertainties. In many cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential", or "continue", or the negative of these terms and other comparable terminology. These statements are only predictions. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors. The forward-looking statements made in this press release relate only to events as of the date of this release. We undertake no ongoing obligation to update these statements.

Contact Information

  • Magnolia Marketing Communicatons
    Phoebe Yong
    Media / Investor Relations
    1 (888) 603-BTZO (2896)
    phoebe@magnoliamc.com