Altitude Organix's New CEO Directs that the Company's Tranzbyte Division Complete the Development of FLASHAlbum™
New CEO discovers opportunity in several of the company's "legacy" products
PHOENIX, Nov. 17, 2011 /PRNewswire/ -- Altitude Organic Corporation (ERBB:OTC:Pink), a leading national, publicly-traded medical marijuana company, is pleased to report that its 8-year old division called Tranzbyte Corporation is completing the development of an extraordinary process for placing instruction and entertainment content onto USB flash drives. The product is called FLASHAlbum™. The company's new CEO, David Gwyther, feels that the product, once completed, could comprise a significant portion of Altitude Organix's future near-term revenue. Mr. Gwyther comes to the company with significant connections here in the US and abroad – especially in Hong Kong and Mainland China.
According to Mr. Gwyther, "I believe that the company can complete the FLASHAlbum technology in less than 90 days. I have engaged an outside development company to finish the product, and they have already completed their preliminary evaluation and have begun work." FlashAlbums can contain proprietary technology which will enable the content to be protected without the need to place any files on the user's computer. Because it is totally self-contained, FLASHAlbum will "play" on virtually every computer – PC, Apple…you name it."
The FLASHAlbum was initially conceived by the company just prior to it exiting the content management business in 2007. While the company's momentum slowed in this segment of the industry over the past 4 years, the new CEO believes there now exists abundant opportunities here in the US and overseas for this unique "thumb drive" product.
More news on FLASHAlbum will be included in forthcoming news releases expected over the next weeks and months. The company's president, Brian Cook, continues to create new relationships interested in the retail sales of the company's cannabis edibles and drinkables line of products. More news on developments occurring in both Altitude Organics and Tranzbyte can be expected soon.
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 looking to enter 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.altitudeorganicmedicine.com today.
The Company's 8-year-old division, Tranzbyte, has become 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™ -- a technology that enables 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,
Chief Executive Officer
Altitude Organic Corporation
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
480-443-1600
[email protected]
www.altitudeorganix.com
SOURCE Altitude Organic Corporation
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