APT Group, Inc. signed a letter of intent to acquire Frozen Food Gift Group, Inc. from ANP Industries, Inc. and Tangiers Capital, LLC in a reverse merger transaction.
February 10, 2014 at 12:00 am EST
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APT Group, Inc. signed a letter of intent to acquire Frozen Food Gift Group, Inc. (OTCPK:FROZ) from ANP Industries, Inc. and Tangiers Capital, LLC in a reverse merger transaction on February 10, 2014. The transaction is expected to close, assuming all satisfactory due diligence, on or before March 1, 2014. As of February 28, 2014, Frozen Food Gift and APT entered into an extension, until March 14, 2014. Both parties, Frozen Food Gift and APT are committed and comfortable in the transaction closing by March 14, 2014. On March 14, 2014, Frozen Food Gift Group and APT agreed to extend the deadline to sign a definitive share exchange agreement until March 21, 2014.
APT Group, Inc. signed definitive agreement to acquire Frozen Food Gift Group, Inc. (OTCPK:FROZ) from ANP Industries, Inc. and Tangiers Capital, LLC in a reverse merger transaction on March 20, 2014. APT Group will acquire 282.97 Frozen Food Gift Group shares, one Series B preferred Frozen Food Gift Group share and one Series C preferred Frozen Food Gift Group share for each APT Group share. The Series B preferred shares are convertible to Frozen Food Gift common shares after 12 months and the Series C preferred shares are convertible to Frozen Food Gift common shares after 18 months. APT Group, Inc. will own approximately 95% Frozen Food Gift Group shares after the transaction. The transaction is expected to close on April 30, 2014.
APT Motovox Group, Inc. operates through its subsidiary, APT Group, Inc., a propulsion technology company that manufactures and distributes transportation, utility and recreational powersport products. APT Group, Inc. offers Motovox, a range of motorsports products. Its products include mini bikes, which include MBX10, MBX11, MBX12 and MBX20; electric bikes, which include MBxXSe; pit/dirt bikes, which include MVX70, MVX110 and MVX250; Go-Karts, which include MGK11, MGK12 and MGK30; scooters, which include MVS10, and generators, which include MGR10. It also offers a range of parts, including MBX10 Mini Bike Parts, MVS10 Stand Up Scooter Parts, MBX11 Mini Bike Parts, MBxXSe Electric Mini Bike Parts, MGK11/12 Parts, MVX70 Pit Bike Parts and Factory Refurbished.
APT Group, Inc. signed a letter of intent to acquire Frozen Food Gift Group, Inc. from ANP Industries, Inc. and Tangiers Capital, LLC in a reverse merger transaction.
APT MOTOVOX GROUP, INC. 
