Los Angeles, CA - March 3, 2015 - (Newswire.com)
Bitzio Inc. (OTCQB: BTZO) announces that its wholly owned subsidiary, Lexi-Luu Designs Inc. (www.lexiluu.com) closed today on its acquisition of Punkz Gear Inc. (www.PunkzGear.com)
H. Blanchette, CEO of Bitzio and its subsidiaries, said that "Punkz Gear adds another niche for us in the dancewear market. Punkz has also started to cross over to Street Fashion. Punkz Gear styles are for girls, boys, and adult.. Punkz Gear offers the latest trends in dance and hip hop wear with a distinctive, signature look that’s fun to wear and fun to watch.
Punkz will provide an additional revenue stream for Bitzio. Punkz united under the Lexi-Luu Designs Inc. management team and with the recent acquisition of Skipjack (www.skipjackdnd.com) cut & sew manufacturing capacity will increase the vertical control for the parent company Bitzio Inc.
About Bitzio, Inc.
Bitzio, Inc. (OTCQB: BTZO) develops and supports emerging fashion brands.
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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.
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Original Source: Bitzio Inc. Announces Acquisition of Punkz Gear Inc.
