Bitzio, Inc. CEO Updates Shareholders on Company's Progress
(firmenpresse) - SAN DIEGO, CALIFORNIA -- (Marketwire) -- 12/13/11 -- Gordon McDougall, CEO of Bitzio, Inc. (OTCBB: BTZO), updated shareholders today on the Company's progress during its year ending December 31, 2011 and new developments for their upcoming fiscal year.
"The Company has been very active over the past year and we are extremely pleased with the results," McDougall said. "Our strategy sessions and tactical planning in the first and second quarter placed Bitzio in a strong position to execute its growth plans efficiently. From the second quarter onwards, the Company achieved significant corporate milestones and we anticipate a substantial increase in revenues for our fourth quarter ending December 31, 2011."
In keeping with Bitzio's stated strategy of accelerated growth through accretive acquisitions, these earnings are a direct result of the Company's recent acquisitions: Digispace Solutions LLC ("Digispace") an online performance-based advertising company; and Thinking Drone, Inc. doing business as Free The Apps ("Free The Apps"), an independent application developer for the iPhone and Android platforms.
Some highlights are:
Building the Company's Board of Directors
Building the Management Team:
Strengthening relationships with key advisors:
Completing three major acquisitions:
"We have built a solid team and core technology backbone for Bitzio. Going forward, we plan to continue to invest in our team and products in order to increase the value we deliver to shareholders," said Gordon McDougall. "According to research experts at International Data Corp (IDC), the mobile applications industry will reach $35 billion by 2014. We are pleased to be in a position as an industry leader to capitalize on that growth."
About Bitzio, Inc.
Bitzio, Inc. is focused on smartphone applications, social media and marketing optimization. We work directly 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 . To learn more about Bitzio, watch the video.
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws, including statements relating to earnings expectations for the 4th quarter and the full fiscal year; The terms and phrases "commitment", "guidance", "expects", "would", "will", "continuing", "drive", "believes", "indicate", "look forward", "grow", "outlook", "forecasts", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by Bitzio in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that Bitzio believes are appropriate in the circumstances, including but not limited to general economic conditions, Bitzio's expectations regarding its business, strategy and prospects, and Bitzio's confidence in the cash flow generation of its business. Many factors could cause Bitzio's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks related to competition; Bitzio's reliance on key personnel; Bitzio's ability to maintain and enhance its brand; and difficulties in forecasting Bitzio's financial results, particularly over longer periods given the rapid technological changes, competition and short product life cycles that characterize the mobile application industry. These risk factors and others relating to Bitzio that may cause actual results to differ are set forth Bitzio's periodic filings with the U.S. Securities and Exchange Commission. (copies of which filings may be obtained at or ). These factors should be considered carefully, and readers should not place undue reliance on Bitzio's forward-looking statements. Bitzio has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
For Investor Inquiries:
Capital Group Communications, Inc.
Mark Bernhard
415.332.7200
Capital Group Communications, Inc.
Mark Gundy
415.332.7200
For Media Inquiries:
Magnolia Communications
Phoebe Yong
604.760.3085
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.12.2011 - 14:15 Uhr
Sprache: Deutsch
News-ID 96450
Anzahl Zeichen: 0
contact information:
Town:
SAN DIEGO, CALIFORNIA
Kategorie:
Software
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