December 19, 2014 1:42 AM ET

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Company Overview of Bitzio, Inc.

Company Overview

Bitzio, Inc., a fashion brand management company, is engaged in acquiring, promoting, and marketing a portfolio of consumer brands. It distributes E-motion branded apparel products. The company was formerly known as Rocky Mountain Fudge Company, Inc. and changed its name to Bitzio, Inc. in June 2011. The company was founded in 1990 and is based in Winnetka, California.

20152 South Gilmore Street

Winnetka, CA 91306

United States

Founded in 1990

6 Employees

Phone:

866-824-7881

Key Executives for Bitzio, Inc.

Chairman and Secretary
Age: 65
Compensation as of Fiscal Year 2013.

Bitzio, Inc. Key Developments

Bitzio, Inc. Announces Consolidated Earnings Results for the Third Quarter Ended September 30, 2014

Bitzio, Inc. announced consolidated earnings results for the third quarter ended September 30, 2014. Total revenue increased to approximately $208,000, compared to approximately $10,000 in the prior year quarter. The increase in revenues are attributable to completion of the acquisitions of Lexi Luu Designs Inc. and E-Motion Apparel Inc. both of which were completed in mid-July 2014. Net income attributable to the company was approximately $37,000, which reflects a one-time gain on a derivative liability approximately $440,000.

Bitzio Mulls Acquisitions

Bitzio, Inc. (OTCPK:BTZO) is seeking acquisitions. Marilu Brassington, Chief Financial Officer of Bitzio, commented, "We expect to continue to see strength in the fourth quarter, and are working aggressively on building upon our foundation so that we may grow not only organically, but through strategic acquisitions."

Bitzio, Inc. announced delayed 10-Q filing

On 11/14/2014, Bitzio, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 5, 2014
--
Merger/Acquisition
July 18, 2014
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Merger/Acquisition
April 2, 2014
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