BTZO write up in Equities Focus yesterday. Sounded
Post# of 294
Stock Insights on Bitzio Inc(OTCMKTS:BTZO)
BY JEFF ADAMS / ON JANUARY 28, 2015 AT 1:17 PM /
Bitzio Inc(OTCMKTS:BTZO) climbed up to $0.004 in February 2014. After that BTZO seems to be trading on lows and is currently trading in sub pennies near its support levels at $0.0003. BTZO is denominated by bears.
Lowest the company saw in the last 52 weeks was $0.0003 and the highest at $0.34.
Bitzio Inc(OTCMKTS:BTZO) has been in the eyes of stock promoters. Penny Stock Whispers promoted their stock on September 22, 2014.
Bitzio Inc(OTCMKTS:BTZO) has focused its business activities in the fashion industry, having adopted an innovative apparel incubation model. Uniquely qualified to identify promising apparel brands, Bitzio plans to accelerate the emergence of these brands by providing access to capital and applying Bitzio’s extensive industry experience to the project of optimizing each brand’s operations and developing its manufacturing and distribution channels. Bitzio is based in Los Angeles, California.
Bitzio Inc(OTCMKTS:BTZO) a fashion incubator company operating under the name Democratique, is pleased to provide an update on Lexi-Luu Designs Inc. and Emotion Apparel Inc.’s expansion in the fashion market, both domestically and abroad.
Lexi Luu Designs children’s dancewear and Emotion Apparel’s women’s resort wear, both made in America, are now sold internationally. Through the business development efforts of Democratique management, both brands have achieved orders from retailers and e-retailers in international markets such as Australia and Turks and Caicos. Management continues to pursue additional markets overseas as part of the brands’ expansion initiatives.
Furthering their expansion domestically, Emotion Apparel recently contracted with Sheila Smith of Lit Studios. With 20 plus years in the fashion industry, Ms. Smith is leading Emotion Apparel’s expansion in the Western regions including Hawaii, Utah, Denver and more. With the addition of Lit Studios on board, the brand is positioned to reach a whole new customer base and increased market space.
Emotion’s East coast rep, Olivia Elortegui, continues to represent the brand from her expanded operation SOS Showroom. “Emotion is a timeless, feel good brand. The tie dye color combinations are vibrant and tasteful, bringing an air of positivity to everyone who has the pleasure of slipping into any one of the dresses, tops, skirts or pants that the line offers. Not only is the line the perfect complement to any tropical vacation, or Sunday Brunch, styles like the cut out shoulder top and palazzo pant add an extra level of comfort to a person’s every day routine,” commented Olivia Elortegui, SOS showroom representative.
On the e-commerce front, both brands continue their successful partnership with Zulily.com (ZU). Furthering the brand’s ecommerce presence, Emotion Apparel is now sold on several online platforms, including Amazon and Theorem. Placement on these platforms continues to strengthen the brand’s emergence in the online fashion market as well as provide purchasing opportunities to customers from all corners of the country.
“The sustained growth of the Democratique brands, from online to domestically and internationally, strategically positions our brands for large scale exposure on all fronts, and strengthens the platform that Democratique can apply to new brands. With the continued expansion of our unique designs in our niche markets, we see great things for the future of our brands,” commented Hubert Blanchette, co-founder of Lexi-Luu Designs and recently appointed CEO of Bitzio Inc.
Bitzio Inc(OTCMKTS:BTZO) was able to generate revenue of $6 Kfor the year ending December 31, 2013.
It has total assets of $374 Kand liabilities stand at $3.39 Mwith shareholder’s equity negatively at $3.02 M.
Keeping in view the fundamentals, market capitalization at $419.13 Kis clearly overvalued.