Bitzio Inc. Announces Acquisition of SkipJack Dive
Post# of 294
Posted On: 03/01/2015 4:51:47 AM
Bitzio Inc. Announces Acquisition of SkipJack Dive & Dancewear Inc.
BTZO | 1 day ago
LOS ANGELES, CA / ACCESSWIRE / February 27, 2015 / Bitzio Inc. (OTC:BTZO) announces that its wholly owned subsidiary, Lexi-Luu Designs Inc. (www.lexiluu.com) closed today on its acquisition of SkipJack Dive & Dancewear Inc. (www.skipjackdnd.com)
H. Blanchette, CEO of Bitzio and its subsidiaries, said that, "We are excited to have completed this transaction. Skipjack adds an innovative niche apparel brand our portfolio, and is an important step in our plan to develop emerging fashion brands and markets." SkipJack is for both men and women seeking comfort and functionality in high-quality, swimwear. Additionally, SkipJack also offers modest and plus size swimwear styles, a consumer market that represents a gap in the industry.
Skipjack also owns a cut & sew factory. The manufacturing facility acquisition now enables Bitzio to centralize production of all of its brands while reducing production costs by leveraging operational synergies and economies of scale. The transaction also creates valuable opportunities for additional revenue by subcontracting cut & sews services for private labels and external brands.
About Bitzio, Inc.
Bitzio, Inc. (OTC:BTZO) develops and supports emerging fashion brands.
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. The terms and phrases "expects," "would," "will," "believes," and similar terms and phrases are intended to identify these forward-looking statements. Many factors could cause Bitzio's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Copies of filings can be obtained at (www.sec.gov). 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.
Investor and Media Inquiries
Investor Relations
Bitzio, Inc.
Email: infobitzio@gmail.com
SOURCE: Bitzio Inc.
Accesswire
February 27, 2015 - 12:01 PM ES
Read more at http://www.stockhouse.com/news/press-releases...l0C1m8B.99
BTZO | 1 day ago
LOS ANGELES, CA / ACCESSWIRE / February 27, 2015 / Bitzio Inc. (OTC:BTZO) announces that its wholly owned subsidiary, Lexi-Luu Designs Inc. (www.lexiluu.com) closed today on its acquisition of SkipJack Dive & Dancewear Inc. (www.skipjackdnd.com)
H. Blanchette, CEO of Bitzio and its subsidiaries, said that, "We are excited to have completed this transaction. Skipjack adds an innovative niche apparel brand our portfolio, and is an important step in our plan to develop emerging fashion brands and markets." SkipJack is for both men and women seeking comfort and functionality in high-quality, swimwear. Additionally, SkipJack also offers modest and plus size swimwear styles, a consumer market that represents a gap in the industry.
Skipjack also owns a cut & sew factory. The manufacturing facility acquisition now enables Bitzio to centralize production of all of its brands while reducing production costs by leveraging operational synergies and economies of scale. The transaction also creates valuable opportunities for additional revenue by subcontracting cut & sews services for private labels and external brands.
About Bitzio, Inc.
Bitzio, Inc. (OTC:BTZO) develops and supports emerging fashion brands.
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. The terms and phrases "expects," "would," "will," "believes," and similar terms and phrases are intended to identify these forward-looking statements. Many factors could cause Bitzio's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Copies of filings can be obtained at (www.sec.gov). 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.
Investor and Media Inquiries
Investor Relations
Bitzio, Inc.
Email: infobitzio@gmail.com
SOURCE: Bitzio Inc.
Accesswire
February 27, 2015 - 12:01 PM ES
Read more at http://www.stockhouse.com/news/press-releases...l0C1m8B.99
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