Bitzio (OTCQB: BTZO), a fashion acquisition company operating under the trade name, Democratique, announced today the formation of its Advisory Board, along with appointment of two of its founding members.
Democratique has under letter of intent a burgeoning portfolio of apparel and accessory companies, all primed for major growth in the coming years. As part of its accelerator program, Democratique has created an Advisory Board that shall consist of highly reputable fashion industry experts who will serve as mentors to brand executives.
"The value of the relationship between a start-up and a seasoned professional is immeasurable," says Tamy Aberson-Sloboda, President of Democratique. "The advice and guidance provided by the mentor not only steers the company in the right direction, but accelerates their progress, bypassing some of the common mistakes made by novice business owners. We are very excited to be assembling a group of talented, seasoned professionals to shepherd our brands to greater success."
The first member of the new Advisory Board is famed designer Ronny Kobo, CEO and founder of Torn by Ronny Kobo. Ms. Kobo's line of women's statement dresses can be seen on the runways of New York's Fashion Week to the windows of Saks Fifth Avenue and are available in over 400 stores internationally.
"What makes me most excited about this opportunity is the chance to work with the Democratique management team, which founded E-Motion Apparel and Sahaja," commented Ronny Kobo. "Both have fresh, inspired designs that resonate with me, and have significant potential within the niches in which they operate. In addition, my experience and relationships can bring their fashion into larger markets and finer department stores, as well as offer knowledge gained from my own personal experience in navigating contracts, juggling manufacturing deadlines, and building seasonal lines that buyers will look for in the future."
In tandem with Ms. Kobo's appointment to the Advisory Board, Executive Director Ed Handler from Cohn Handler & Co., has signed on, bringing his 30 years of business development and accounting experience in the fashion industry.
Ed Handler is one of the most well-known and connected players in the emerging apparel industry. Mr. Handler sits on the California Fashion Association Board of Directors, is a regular guest speaker at the Fashion Institute of Design and Merchandising, and has been a highly regarded CPA in the apparel industry working to bring his clients from start-up to millions in just a handful of years.
"I enjoy working with entrepreneurs who have honed their craft and created a successful fashion line," says Mr. Handler. "I think of myself as the left-brain to their right-brain. They have the imagination to design and create, while I offer the business, operational, and accounting advice that allows those dreams to become a profitable reality. You really need both sides to truly succeed and I look forward to helping bring Democratique's brands to the next level."
Gordon McDougall, CEO of Democratique, had this to say about the creation of the Advisory Board, "The role of the advisor is to help shape the company's strategy for success by sharing their experiences -- both failures and successes -- while expanding their network of professionals, and connecting them to a larger knowledge base of veteran experts in the field. The appointments of Ronny and Ed provide us with a collective knowledge and contact base that we believe will significantly augment our current portfolio, and attract additional high caliber acquisitions in the future."
Democratique (www.democratiquela.com) is a business accelerator model that acquires emerging apparel brands just past the start-up stage, pairs them with a talented team of experienced apparel industry experts, and equips them with the resources needed to take their brands to the next level.
About Bitzio, Inc.
Bitzio, Inc. (OTCQB: BTZO) started as a mobile app development business leveraging celebrity and athlete followings. With its learnings from the celebrity market, in mid-2013, Bitzio shifted its focus to fashion with a unique Los Angeles-based apparel incubation model. Uniquely qualified to identify promising apparel brands, Bitzio accelerates these emerging brands with its access to capital, extensive industry experience, centralized operations and established manufacturing and distribution channels.
Forward Looking Statements
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, including statements relating to expectations for the acquisition of E-Motion Apparel and its performance thereafter; The terms and phrases "expects", "would", "will", "believes", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by Bitzio in light of its experience and its perception of current conditions and expected future developments, as well as other factors that Bitzio believes are appropriate in the circumstances. Many factors could cause Bitzio's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. These risk factors and others relating to Bitzio that may cause actual results to differ are set forth in Bitzio's periodic filings with the U.S. Securities and Exchange Commission (copies of which filings may 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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