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Bitzio, Inc. Postpones Acquisition of DigiSpace Solutions |
December 22, 2011
SAN FRANCISCO, CALIFORNIA--(Marketwire - Dec. 22, 2011) - Bitzio, Inc. (OTCBB:BTZO) today announced that it has postponed its acquisition of DigiSpace Solutions, LLC until January 10, 2012. The company had previously reported on August 4, 2011, that the acquisition had been completed; however, because of unfulfilled obligations by the selling party, the parties entered into an amendment to the purchase agreement. Accordingly, the parties agreed to (i) postpone the closing of the acquisition, (ii) change the exercise price on the Options (as defined in the original agreement) from $0.45 to $0.28 per share, and (iii) postpone the issuance of the Options until the closing.
Link: http://www.marketwire.com/mw/release.do?id=1601696&sourceType=3
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