iTalk: Inks M2M Medical Marijuana Distribution Deal
(GlobeNewswire Via Acquire Media NewsEdge) FORT LAUDERDALE, Fla., April 22, 2014 (GLOBE NEWSWIRE) -- iTalk, Inc. (TALK) a global provider of advanced communications and mobile broadband services and the Tranzbyte Corporation (OTC Pink:ERBB) (PINKSHEETS:ERBB) announced today that it has signed a distribution agreement for the iTalk premier cloud connectivity solution "CloudTalk".
CloudTalk is the medical marijuana dispensary industry's first ultra-secure connectivity to the cloud for vending machines and credit card processing, which is critical to creating a secure operational environment for these processes. Next generation products will include biometrics, machine virtualization and ultra-secure storage and access solutions. The need for ultra-secure connectivity to alternative medical dispensary machines has never been greater; the CloudTalk is the only product that specifically targets these specialized vending machines and processes. Next Generation Biometric Market worth $23.54 Billion by 2020.
"Tranzbyte is a premier alternative technology company whose product ZaZZZ(tm) facilitates legal sale and dispensation of age-controlled products. When we can enhance our technology with ultra-secure connectivity that enables worry free ecommerce processes in an environment where consumer data security concerns are at an all-time high, it is important to choose the right partner. iTalk's new CloudTalk is the product that stands out ahead of the rest," stated Stephen Shearin, Chief Operating Officer for Tranzbyte.
"We have chosen an innovator in the alternative medical space to launch the distribution of CloudTalk. We are excited to be working with an industry giant such as Tranzbyte. Our secure mobile connectivity solution, 'CloudTalk', mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices which will allow for ultra-secure medical marijuana purchases without the risk or exposure of consumer data," stated David F. Levy, iTalk CEO.
iTalk, Inc. (OTCQB:TALK) is a publicly traded global provider of advanced communications and mobile broadband services. The Company utilizes innovative and disruptive technologies, including Voice-over-IP (VoIP), nationwide 3G/4G mobile broadband networks, smartphones, and mobile applications ("apps") to offer consumers the highest-quality low-cost no-contract alternatives to voice, data, and mobile services from major national carriers. Through our access to an extensive network, iTalk is able to offer nationwide voice and data coverage to 280 million people in more than 12,900 cities. For further information, visit www.italkmobility.com.
The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind American Green, OneBode, The YO! Debit Card, and BancoLibre. 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 dividends for their ERBB shareholders. Tranzbyte also houses the company's 10-year-old technology division which 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 the company plans to be incorporated into the Company's ZaZZZ Machine while enabling distributors of optical media (CDs, DVDs, etc.) to consolidate the best features of each medium onto a single content-protected USB flash drive.
ABOUT AMERICAN GREEN
American Green, formally Altitude Organix, became the first publicly traded medical marijuana dispensary brand in the world as American Green Corporation. Beginning in 2009, the company has developed retailing, branding, and commercial cultivating strategies in conjunction with its licensed medical marijuana retail dispensaries operating under the Altitude Organic Medicine brand name. While the Company is no longer associated with the Altitude Organic Medicine outlets in Colorado, it has spent the last year developing an "automated dispensary" that will offer the company's proprietary products to qualified adults in the US and around the world under its "American Green" brand. The Company's newly acquired YO! Debit Card has been rebranded as "ZaZZZ" for use in its proprietary machines and will be accepted at participating dispensaries and other select locations who become members of the ZaZZZ Network.
Disclaimer/Safe Harbor: Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic.
CONTACT: iTalk, Inc
David F. Levy / CEO
David G. Gwyther/ President
Source: iTalk, Inc
2014 GlobeNewswire, Inc.
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