Bitzio agrees to acquire ownership of jewelry design company

Bitzio (OTC: BTZO) said it has signed a memorandum of understanding to acquire majority ownership in Cleo VII, Inc. a jewelry design company.

Inspired by the handcrafted jewelry made by local artisan women in Peru, Cleo VII, Inc. Jewelry Design was founded by owner and CEO, Angie Daza, in 2011 with the goal of bringing their unique jewelry products to a global marketplace.

Working with native materials such as silver, gold, and gemstones, Cleo´s designs are 100 percent crafted by women for women. Their signature item, a fashionable toe-ring anklet is representative of their popular collection ranging from simple pendant necklaces to impressive collar masterpieces.

Bitzio started as a mobile app development business leveraging celebrity and athlete followings.

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