SOURCE: Tranzbyte Corporation

September 25, 2013 08:30 ET

Tranzbyte and Its Subsidiary, Altitude Organix, Target Their YO!21 Virtual Card Toward Medical and Adult-Use Marijuana Dispensaries Nationwide

TEMPE, AZ--(Marketwired - Sep 25, 2013) - Tranzbyte Corporation (OTC Pink: ERBB) announced today that its wholly-owned subsidiary, Altitude Organix, will be launching their proprietary smartphone-driven virtual payment or 'e-wallet' in conjunction with Tranzbyte's new payment system, The BancoLibre Network. The system allows users to make purchases using their smartphones (currently 56% of all American cell phone users and growing rapidly), rather than needing to carry cash or a physical credit or debit card.

While preparing for the upcoming release of its proprietary "21" automated dispensary, the need for a simple, secure, alternative payment method for adults has become apparent. "By utilizing the Tranzbyte-owned, YO!21 virtual card, the network empowers its customers to make cashless purchases which combine security and simplicity - all without requiring third-party approval of each transaction," says David Gwyther, Tranzbyte's president.

YO!21 customers can conveniently preload their virtual wallet using any one of a variety of methods -- cash, credit card or ACH. Once on the network, users can make secure purchases with the one item they will always have with them - their Android or iPhone-operated smart cell phone. YO!21 customers will also be able to operate the company's automated dispensary when that machine rolls out later this year and throughout 2014 and beyond.

"The cell phone in our world has moved from being convenient communication device to an efficient tool that people carry with them everywhere. Turning it into a payment device just makes sense," says Sean Loomer, YO21 division president. The medical marijuana market has been challenged in the past when it comes to providing a cashless transaction for their products. By combining aspects of different Tranzbyte subsidiaries, the Company has not just overcome that challenge but created a system that can expand into a variety of exciting adult markets.

Tranzbyte encourages all folks wishing to follow the progress of Tranzbyte, Altitude Organix, and its other subsidiaries and divisions to visit the Tranzbyte website at www.tranzbyte.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 company's website or click here to go there directly. Mobile users can also sign up by navigating to the company's website on their android smart phone or iPhone."

ABOUT TRANZBYTE

The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind Altitude Organic Corporation, One Bode, The YO! Debit Card, and ProximaRF. The company expects to continue 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 enable 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 ALTITUDE ORGANIX

Altitude Organic Corporation became the first publicly traded medical marijuana dispensary brand in the world. 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. The Company is developing an "automated dispensary" that will offer the company's proprietary products to qualified adults in the US and around the world. The Company's newly acquired YO! Debit Card is currently being converted for use in its proprietary machines and will be accepted at participating dispensaries who are members of the Altitude Organix 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.

The company has plans to increase its network of global distributors and value-added resellers. 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.

Contact Information

  • Companies and Contacts:

    Tranzbyte Corporation
    David G. Gwyther
    President
    1221 W Warner Rd Ste 103
    Tempe, AZ 85284
    480-443-1600
    davidgwyther@tranzbyte.com
    http://www.tranzbyte.com

    Tranzbyte Corporation - Hong Kong
    Mr. John Martin
    Managing Director
    Rm 308, 3/F, Kai Tak Commercial Building
    317-319 Des Voeux Road Central,
    Hong Kong (SAR)

    One Bode, International
    Sean Loomer
    President
    1221 W. Warner Rd., Suite 103
    Tempe, AZ 85284
    (888) 574-3341

    YO! Debit Card Network
    Sean Loomer
    President
    1221 W Warner Rd., Suite 103
    Tempe, AZ 85284
    sean@tranzbyte.com
    www.yomastercard.com

    Altitude Organix
    David Gwyther
    President
    1221 W Warner Rd., Suite 103
    Tempe, AZ 85284
    davidgwyther@tranzbyte.com

    ProximaRF Technology Holding Company
    Victor J. Elias
    President
    1221 W Warner Rd., Suite 103
    Tempe, AZ 85284
    888-364-3012
    www.proximarf.com