Bitzio, Inc.
OTC Bulletin Board : BTZO

Bitzio, Inc.

September 13, 2011 09:15 ET

Bitzio, Inc. Engages Bridgewater Capital Corporation as Strategic Advisor

SAN DIEGO, CALIFORNIA--(Marketwire - Sept. 13, 2011) - Bitzio, Inc. (OTCBB:BTZO) today announced a strategic partnership with Bridgewater Capital Corporation.

Bridgewater Capital will leverage their expertise and experience in helping small market capitalization companies to rapidly grow and expand in high growth markets. Commented Urban Smedeby, founding partner of Bridgewater Capital, "We are pleased to work with Bitzio as they are uniquely positioned in a fast paced and growing mobile applications market. Our value add to clients is identifying key areas where the company will accelerate while working closely with them on strategic execution and corporate development initiatives."

The principals of Bridgewater Capital have mobile media as one of the firm's focal points. Bitzio's rapid growth in the mobile media space has necessitated bringing on a core group of advisors such as Bridgewater Capital to help with strategic direction, bring business development and joint venture opportunities and provide management with the resources necessary to continue on this growth path.

Bridgewater Capital has been advising emerging growth companies for over 15 years and in that time has worked with hundreds of management teams providing guidance while letting them execute on their core area of business. Bitzio's management team is extremely high caliber which is rare for many growth companies this size. The talent Bitzio has put together certainly rivals that of any mid to large capitalization company which through Bridgewater's discipline and connections should add the necessary accelerant to move Bitzio to the next level.

"We are pleased to embark on this strategic relationship with Bridgewater Capital Corporation," said Gordon McDougall, Bitzio's CEO. "We believe they are well positioned to support Bitzio in several key areas, and we plan to rely on their guidance and expertise."

About Bridgewater Capital Corporation

Founded in 1994 and headquartered in Irvine, California, Bridgewater Capital Corporation and its' principals have established themselves as key players in the growth of public and private companies by utilizing a strategic client-centric and goal oriented focus for these companies. With a focused expertise in smaller market capitalization companies, both public and private, and special situations; Bridgewater is dedicated to providing smaller companies the strategic advice and corporate development services which are readily available to larger corporations. Bridgewater believes that these companies can, and will, flourish with the assistance of a premium, highly focused firm of successful individuals. Our services are targeted toward growing the client company and seek to deliver value-added solutions coupled with an insightful approach centered on the needs of its clients.

About Bitzio, Inc.

Bitzio, Inc. is a company with a strong focus on smartphone applications, social media and marketing optimization. We work with 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.

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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 Communications
    Phoebe Yong
    Media / Investor Relations
    1 (888) 603-BTZO (2896)
    phoebe@magnoliamc.com