Altitude Organic Corporation Targets Several Colorado Dispensaries for Acquisition

PHOENIX and DENVER, Jan. 19, 2012 /PRNewswire/ -- Altitude Organic Corporation, a division of Tranzbyte Corporation, ERBB (OTC:PK) is pleased to announce the company plans to make offers on several dispensaries in the State of Colorado.  The company believes that the select dispensaries it has targeted would greatly benefit from the management expertise and leadership capabilities of Altitude Organic personnel once the acquisitions are approved by the individual dispensary owners and the state.  Final transfer approval of all dispensaries in Colorado rests with The Medical Marijuana Enforcement Division.  The MMED is a division of Colorado's department of revenue and is the state's clearinghouse for all licensing and license transfer approvals. 

Altitude Organic Corporation president Brian Cook stated, "As most of our shareholders are aware, our company has learned to adapt to an ever-changing playing field as medical marijuana becomes legal throughout our great country. The delays we have experienced in Arizona and, to some extent, Colorado, have served as a learning process from which we fully expect to take advantage." 

Tranzbyte president, David Gwyther, agrees, "As we embark on this acquisition process, we expect to begin accruing significant revenue from the Altitude Organic dispensary properties which I believe will greatly enhance the valuation of our company."

Altitude's Brian Cook concludes, "Colorado's 'for-profit' medical marijuana state model is the best place to target new acquisitions immediately.  We have initiated a diligent investigation into the pros and cons of these early opportunities, and I will make certain we proceed with caution during our initial acquisition process in an effort to develop a template that works for all participants - the seller, our future retail customers, our company, and the State of Colorado.

ABOUT ALTITUDE ORGANIC CORPORATION

Altitude Organic Corporation www.altitudeorganix.com provides independently-owned retail dispensaries in Colorado, California, and Arizona business support services, while also acting as a one-stop-shop for entrepreneurs seeking entry into the burgeoning, multi-billion dollar industry of legal cannabis. Altitude Organic Corporation has launched its new management company strategy in Arizona. The company can manage, staff, consult, and provide uniquely branded products and concepts to medical marijuana dispensaries using a limited liability agreement. The company also sells horticulture equipment via its partnership in Sundance Hydroponics (www.sundancehydroponics.com/). Visit www.altitudeorganix.com/ today.

ABOUT TRANZBYTE

The Tranzbyte Corporation now becomes a driving force behind Altitude Organic Corporation. 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 their ERBB shareholders.

Tranzbyte, which also houses the company's 8-year-old technology division, 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.

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.

Company and Contact:
Brian Cook, President
Altitude Organic Corporation
David G. Gwyther, President, Tranzbyte Corporation
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
480-443-1600
[email protected]
www.altitudeorganix.com
www.tranzbyte.com

SOURCE Altitude Organic Corporation