General Red Holding, Inc. acquired Geltology Inc. (OTCBB:GELT) in a reverse merger transaction on July 11, 2012. Under the terms of the agreement, Geltology will acquire the entire 100% stake in General Red Holding, Inc. and will issue approximately 125 million shares of its common stock representing its 98.24% of the issued and outstanding stock. General Red Holding will pay to Geltology $0.41 million in consideration for the consummation of the share exchange. Simultaneous with the closing, Geotolgy's principal shareholders shall cancel an aggregate number of 4.5 million of their shares in Geotology. Post acquisition, Xingping Hou will act as the Chairman, Chief Executive Officer, and President of the Board of Geltology while Yongjun Zeng and Shaokang Zeng will serve as the Chief Financial Officer. Ryan Goldstein and Yehuda Smaya Szender shall resign as the Directors of Geltology, Ryan Goldstein shall resign from his position as Secretary while Yehuda Smaya Szender shall resign from his positions of President, Chief Executive Officer and Treasurer. The acquisition is subject to approval by the shareholders of General Red Holding, due diligence investigation and increasing the size of the Board to three members. The transaction has been unanimously approved by the Board of Directors of General Red Holding and Geltology. Greg Jaclin of Anslow & Jaclin acted as the legal advisor to Geltology Inc. while Mitchell S. Nussbaum of Loeb & Loeb LLP acted as the legal advisor to General Red Holding in the transaction. General Red Holding, Inc. completed the acquisition of Geltology Inc. (OTCBB:GELT) in a reverse merger transaction on July 11, 2012.