New CFO Appointment Further Strengthens the Leadership Team
SAN DIEGO, CALIFORNIA–(Marketwire – Aug. 22, 2011) – Bitzio, Inc. (OTCBB: BTZO) is pleased to announce the appointment of R.W. (Bob) Garnett, William Schonbrun and Amish Shah to its Board of Directors. These new directors collectively bring over 70 years of proven leadership experience in building and scaling companies for exponential growth.
In addition, the Board is pleased to announce that Bob Garnett will also serve as Bitzio’s Chief Financial Officer. A chartered accountant and Certified Corporate Director, Bob is a senior financial professional with over 40 years of executive management and Board experience. He has served as the CFO of a major public company with $700 million in revenue that grew through the acquisition of 100-150 companies each year, and restructured another public company with $400 million of revenue. He has served on the boards of seven public companies, and is currently the Vice Chair of the South Coast British Columbia Transit Authority (TransLink) and chairs the audit committee. Mr. Garnett currently serves on the board and is the audit chair of Great Panther Silver Limited, traded on the TSX and NYSE AMEX. Previously, Bob served as Chair and Vice Chair of Coast Capital Savings, a $12 billion financial institution. Bob is a graduate of the Institute of Corporate Directors and The Segal Graduate School of Business as a Certified Director (ICD.D).
Reuters
Wall Street rises on strong earnings, oil jump
NEW YORK (Reuters) – Stocks rose on Wednesday, buoyed by earnings reports from consumer bellwethers like Target.
Energy shares gave an extra boost to Wall Street as crude futures jumped more than 2 percent after a drop in gasoline stockpiles and as the euro rose versus the U.S. dollar. The S&P energy sector (SNP:^GSPE) rose 1.6 percent.
Earnings beats and strong forecasts from retailers Target and Staples shifted the focus to the U.S. economy and away from Europe’s debt crisis, which has driven U.S. trading of late. Consumer spending accounts for more than two-thirds of economic activity in the United States.
“Consumers may not be very confident, but they’re still spending money,” said Al Kugel, chief investment strategist at Atlantic Trust. “For Target to make that comment is a confirmation of that,” he said, referring to its bullish profit outlook.
Yesterday’s Top Performing Small Cap Stock:
Jammin Java Corporation (OTCBB: JAMN )
Jammin Java Corporation was a SmallCapVoice.com top performer closing up over 5% on trading volume of 456,102 shares.
AUSTIN, Texas, Aug. 17, 2011 /PRNewswire/ — SmallCapVoice.com, Inc. announced today that a new audio interview with Bitzio, Inc. (OTC.BB:BTZO) is now available. Bitzio works with developers to market their apps using proprietary platforms and technology. The interview can be heard at http://smallcapvoice.com/blog/8-12-11-audio-interview-with-bitzio-inc-otcbb-btzo.
Podcast: Download (Duration: 12:18 — 11.3MB) | Embed
Gordon McDougall, CEO of Bitzio, Inc., called into SmallCapVoice.com to discuss his exciting new company. Bitzio, Inc. (OTCBB: BTZO) is a company with a strong focus on smartphone applications, social media and marketing optimization. We work with developers of mobile applications to dramatically improve their marketing reach, sales conversion, revenue and bottom line profits. We envision a mobile community where mobile applications enable people to connect in new and meaningful ways, and where Bitzio is a key driving force enabling these connections. For more information on the company, visit us at www.bitzio.com.