Bitzio, Inc.
OTC Bulletin Board : BTZO

Bitzio, Inc.

October 10, 2011 09:20 ET

Bitzio, Inc.'s Digispace Solutions Receives Prestigious Inc Fastest-Growing Companies Award

Three-Year Sales Growth of 454%

SAN DIEGO, CALIFORNIA--(Marketwire - Oct. 10, 2011) - Bitzio, Inc. (OTCBB:BTZO) today announced that one of its recently acquired companies, Digispace Solutions LLC ("Digispace") has been included for a second time on Inc. magazine's annual listing of fastest-growing private companies. The list represents a comprehensive look at an important segment of the economy – entrepreneurial companies in North America experiencing significant sales growth. Digispace joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year's list. Inc Magazine's list of fastest-growing private companies is recognized in the industry as a benchmark of successful companies. At the time that Digispace Solutions was named to the list it was a private company. Bitzio acquired Digispace on September 30, 2011 as part of its aggressive acquisition strategy and expansion into the social media and smart phone markets.

Digispace is an online performance-based advertising company that develops and deploys proprietary technologies and algorithms for the discovery, creation and optimization for all types of online marketing.

Complete results of the Inc. 500/5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
"We are pleased that Digispace has been named on this annual exclusive list – for the second year," said Gordon McDougall, CEO of Bitzio. "The talent and powerful methodologies that Digispace brings to the team are tremendous assets to Bitzio's continued growth and expansion. We look forward to leveraging their platform to reach the ever growing smartphone mobile app developers market."

"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Jane Berentson.

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. Learn about Bitzio Inc. Watch the video.

About the 2011 Inc. 500|5000

The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit Inc. online at www.inc.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