BTZO (Bitzio Inc) now Democratique Brand
Contact Info
20152 S. Gilmore Street
Winnetka, CA 91306
Website: http://www.democratiquela.com
Phone: 213-489-1377
Email: infobitzio@gmail.com
Share Structure
Financial Reporting/Disclosure
| Market Value1 | $193,387 | a/o Aug 29, 2014 |
| Shares Outstanding | 276,266,617 | a/o Apr 08, 2014 |
| Float | Not Available | |
| Authorized Shares | 2,000,000,000 | a/o Apr 10, 2014 |
| Par Value | No Par Value |
| Reporting Status | U.S. Reporting: SEC Filer |
| Audited Financials | Audited |
| Latest Report | Jun 30, 2014 10-Q |
| CIK | 0001347078 |
| Fiscal Year End | 12/31 |
| OTC Marketplace | OTC Pink Current |
Overview and Catalyst
A low share structure stock that has been under major bottom accumulation, the stock saw 2 bullish reversal days last week testing the 52 week low master support at .0005 while closing high of the day at .0007, signaling a bottom. With recent news on 2 latest acquisitions Lexi Luu and E-Motion Apparel this is now a revenue streaming company Lexi Luu revenues exceeded 600,000 annually. The company is awaiting next acquisition ZMJ Denim Plus size Trendy Fashions, which is estimated to be 7.5 billion industry and estimated forecast by 2017 is 9.7 billion industry
Business Description
Bitzio, Inc. (OTCQB: BTZO) started as a mobile app development business leveraging celebrity and athlete followings. With its learning's from the celebrity market, in mid-2013, Bitzio shifted its focus to fashion with a unique Los Angeles-based apparel incubation model under the name Democratique. Uniquely qualified to identify promising apparel brands, Democratique accelerates these emerging brands with its access to capital, extensive industry experience, centralized operations and established manufacturing and distribution channels.
Released Major News Today Sep 16,2014:
Sep 16, 2014 (eTeligis.com via COMTEX) -- LOS ANGELES, CA, United States, via ETELIGIS INC., 09/16/2014 - - Bitzio, Inc. (OTCQB: BTZO) (OTC Pink: BTZO) (PINKSHEETS: BTZO), a fashion company operating under the name Democratique, is pleased to provide an update on its successful operational integration of their two recently acquired brands, Lexi Luu Designs, Inc. and E-Motion Apparel, Inc. Lexi Luu Designs provides children's dancewear and E-Motion Apparel is a casual and resort wear line for women.
Under the new leadership of Chief Executive Officer H. J. Blanchette, Bitzio continues the successful implementation of its business model, leveraging the strengths of its centralized organizational operations and distribution channels. Most recently, E-Motion Apparel, Inc joined Lexi Luu Designs in its partnership with Zulily.com, establishing a notable foundation for the brand's e-commerce presence. Additionally, to further consolidate resources, Lexi Luu Designs is transitioning operations to the Southern California area, whereby both brands will be operating in the same location, sharing all operational resources.
"Integrating the two brands has paved the way for greater efficiency and cross distribution opportunities that would otherwise consume a substantial amount of resources to develop. Operating as a joint team under the Bitzio umbrella, positions our brands for noteworthy gains in a fraction of the time," commented Hubert Blanchette, co-founder of Lexi Luu and Chief Executive Officer of Bitzio.Furthermore, Bitzio recently secured additional financing with its existing institutional investor. This relationship, along with Bitzio's newly executed investment banking partner, Pyreness Investments, LLC, has provided Bitzio brands with the capital for continued progress. "Together with our funding partners and the merging of the brands' infrastructure and financials, it's a new playing field that dramatically changes the game for us," commented Marilu Brassington, Bitzio's CFO and co-founder of E-Motion Apparel, Inc.
Recent News
Jul 22, 2014 (eTeligis.com via COMTEX) -- LOS ANGELES, CA , United States, via eTeligis Inc., 07/22/2014 - - Bitzio , Inc. (OTCQB: BTZO), a fashion company operating under the name Democratique, announced today that it has completed the acquisition of 100% of Lexi Luu Designs, Inc. and E-Motion Apparel, Inc. Lexi Luu Designs provides children's dancewear under the Lexi Luu brand name, and E-Motion Apparel is a casualwear line for women. Concurrent with the transactions, Bitzio appointed Hubert Blanchette as Chief Executive Officer, replacing Gordon McDougall who resigned from both his executive and board level positions.
"With the addition of Lexi Luu and E-Motion, we now have solidified core operating assets that have a history of solid fundamental performance, providing us with a strong foundation on which to execute our business strategy," commented Hubert Blanchette, co-founder of Lexi Luu and newly appointed Chief Executive Officer of Bitzio.
Mr. Blanchette is a fashion industry and executive veteran with experience in both public and private markets. In September 2010 he founded Lexi Luu, which designs, manufacturers and wholesales dance wear and active wear for girls. Its head manufacturing facility is located in Mesa, Arizona. In 2013, Hub led Lexi Luu to just shy of $600k in revenue, representing a 30% year over year increase. Sales to retailers and wholesale distributors historically represented all of Lexi Luu's sales; however, online sales to retail customers commenced in March 2011 and have increased to the point where they now represent roughly 43% of total sales. The transition was accomplished without use of advertising through 2013.
Catalyst: The company has just acquired 2 revenue producing companies ( E-Motion Apparel and Lexi Luu Designs) now looking to finalize the ZMJ Denim Deal , recently updated and launched its website http://democratiquela.com with several companies in Jewelry and also in clothing industry.
Key Points
-At 52 week lows (Bullish reversal Tail)
-low share structure
-Released Updated news Sep 16, 2014 on the recent acquisitions worth over 1 million annually
-Recent 2 acquisitions and expecting ZMJ Denim Deal catalyst
-Recent website launch
-Fully Reporting OTCBB with recent Filings as of Aug 2014
-numerous sources of streaming revenues from multiple Clothing and Jewelry acquisitions
Pivot .0009
Potential .002-.004
Breakout Range .0018
Hold Medium to Long term Hold
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