Flux Carbon Completes Acquisition

ALPHARETTA, GA / ACCESSWIRE / January 28, 2016 / FLUX Carbon Corporation (“FCC”) today announced the completion of a
series of transactions pursuant to which it acquired majority equity
stakes in Bitzio, Inc. (OTCQB: BTZO) and GreenShift Corporation.

The transactions additionally involved the completion by Bitzio of $2.9 million in conventional debt financing, the acquisition by Bitzio of 80% of GreenShift, and the satisfaction and elimination by GreenShift of about $14 million in debt.

FCC and GreenShift have assembled
a portfolio of intellectual properties with application potential in
three sectors: agriculture, energy, and lifestyle. The technologies
cover renewable fuels and chemicals, solar energy and fuels, energy and
chemical detection, cannabinoid extraction, wearables and consumer products, among others. The recent transactions are part of FCC’s broader plan to bring those technologies to market.

Planned additional transactions include the transfer of FCC’s stakes in Pervasip Corp., FLUX Carbon Technologies LLC, FLUX Photon Corporation, and Noveda Technologies, Inc., among others to GreenShift for no additional consideration, and the merger of Bitzio and GreenShift.

“The recently completed transactions were structured to eliminate the
majority of the combined company’s convertible debt and the associated
overhang,” said Marilu Brassington, Bitzio’s
Chief Financial Officer. “That overhang has impeded the financing and
growth of each company and many of our technologies for years. We are
very excited to have eliminated the bulk of it on terms that are
favorable to our shareholders, and we are evaluating additional
transactions to eliminate the balance of the combined company’s debt and
overhang as quickly as possible.”

Additional information on the recently completed transactions is available online in Current Reports on Form 8K filed by both Bitzio and GreenShift on January 26, 2016.

About FLUX Carbon Corporation

FLUX Carbon Corporation develops and commercializes technologies that facilitate the more efficient use of natural resources.

Safe Harbor Statement

This press release contains statements that may constitute
“forward-looking statements” within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Those statements include
statements regarding the intent, belief or current expectations of the
Company and members of its management as well as the assumptions on
which such statements are based. Prospective investors are cautioned
that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual results
may differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that could
cause actual results to differ materially from those in
forward-statements include fluctuation of commodity prices and operating
results, the ability to compete successfully, and the ability to
complete before-mentioned transactions. The company undertakes no
obligation to update or revise forward-looking statements to reflect
changed assumptions, the occurrence of unanticipated events or changes
to future operating results.

Additional Information

Email: investorrelations@greenshift.com
Web: www.greenshift.com

SOURCE: FLUX Carbon Corporation

ReleaseID: 436133