SOURCE: Tranzbyte Corporation
TEMPE, AZ--(Marketwired - May 9, 2014) - Tranzbyte Corporation (OTC Pink: ERBB) (PINKSHEETS: ERBB) (http://www.bloomberg.com/quote/ERBB:US) announced today that it will change its corporate name to AMERICAN GREEN™. The name change should be effective sometime within the next several weeks and is subject to review by FINRA and The State of Nevada. Shareholders needn't do anything regarding the shares they own since the company's stock symbol, ERBB, will remain the same and there will be no restructuring of the company's share or management structure. The name, American Green, and the internet domain, americangreen.com, are registered and owned by the Company.
"Our name is changing to reflect the company's primary effort to maintain its leadership in the rapidly emerging Cannabis market. American Green has an opportunity to help guide both the growth and the narrative of this fast-expanding market, and to contribute to the education of the general public regarding the vast economic, medicinal, or adult-use benefits found in cannabis' many forms that are now available to Americans in over 20 states," says Tranzbyte COO Stephen Shearin.
Tranzbyte Corporation will be "pushed down" into the company structure as a subsidiary of American Green where it will continue its focus on selecting development stage companies for acquisition and possible spin-outs in the future. "Far from departing from our technology roots, Tranzbyte will remain as a division continuing to supply technological efficiencies for businesses everywhere, and, of course, remain focused in finding and acquiring companies that represent a great fit for our company," adds David Gwyther, Tranzbyte's president.
The company also announced today that it has launched its newest website at www.americangreen.com, now available for viewing beginning today. In addition, the company owns two additional websites -- www.americangreenclothing.com, which features a full line of the American Green clothing and merchandise line now available to the public, and www.americangreenzine.com, where visitors can learn of the latest in medical and adult-use cannabis news around the world. Several other web properties and media efforts are currently in production by the Company, and will be announced as they come online.
Tranzbyte encourages all folks wishing to follow the progress of Tranzbyte, American Green™, and its other subsidiaries and divisions to visit the Tranzbyte website at www.tranzbyte.com or the American Green website at www.americangreen.com and sign up to receive our 'Email Alerts' which are sparingly sent to interest-holders periodically. Just click on the orange 'contact' button after arriving at the Tranzbyte website or the "Contact" tab on the American Green website. Mobile users can also sign up by navigating to Tranzbyte's website on their android smart phone or iPhone."
Finally, shareholder and other interest-holders may track the progress of our fully automated ZaZZZ™ Machine and our entire product line by following us on Twitter @Tranzbyte or @American__Green (two underscores.)
The Tranzbyte Corporation (www.tranzbyte.com), soon to be a division of American Green, Inc, continues 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 and decide to become public on their own will agree to carve out shares for Tranzbyte and dividends for their ERBB shareholders.
Tranzbyte also houses the company's 10-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™ and FlixStix -- technologies that the company plans to be incorporated into the Company's ZaZZZ Machine whiile enabling distributors of optical media (CDs, DVDs, etc.) to consolidate the best features of each medium onto a single content-protected USB flash drive.
ABOUT ONE BODE
One Bode was founded in 2006 by a group of health conscious professionals with backgrounds in sports, health, and nutrition who recognized the need for supplements to compliment any lifestyle. Focusing on plant-based nutrients and enzymes, One Bode created an assortment of products that enable the everyday person interested in improving their health to access the kind of nutritional supplements previously enjoyed by professional athletes, entertainers, and those with the time to devote their entire lives to the pursuit of such diets.
The company is combining its successful product rep program with an aggressive online campaign focusing on a realistic plan to increase sales measurably within the next 90 days of operation and throughout the coming years. The versatility of the products combined with the various dietary deficiencies present in practically everyone enables individuals to tailor a custom program designed to fit their specific needs; as such the company sees a virtually unlimited market-space for expansion.
ABOUT AMERICAN GREEN
American Green, formally Altitude Organix, became the first publicly traded medical marijuana dispensary brand in the world as American Green Corporation. 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. While the Company is no longer associated with the Altitude Organic Medicine outlets in Colorado, it has spent the last year developing an "automated dispensary" that will offer the company's proprietary products to qualified adults in the US and around the world under its "American Green" brand. The Company's newly acquired YO! Debit Card has been rebranded as "ZaZZZ" for use in its proprietary machines and will be accepted at participating dispensaries and other select locations who become members of the ZaZZZ Network.
ABOUT PROXIMARF AND APPLIED RFID
Founded 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.
Once the acquisition agreement with Tranzbyte is finalized, the company has plans to increase its network of global distributors and value-added resellers with plans to incorporate the technology as a tracking system for legal marijuana movements. 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 STATEMENTS
Except 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.