Sebastian River Holdings, Inc. (OTCPK:SBRH.D) signed a letter of intent to acquire Novacab, Inc. on August 5, 2013. Sebastian River Holdings, Inc. signed an acquisition and share exchange agreement to acquire majority stake in Novacab, Inc. on September 26, 2013. The consideration will be paid in restricted common shares, preferred shares and assignment of debt of Sebastian River Holdings.

The name of Sebastian River Holdings will be changed to Novacab International, Inc. Pursuant to the transaction, current officers and Directors of Sebastian River Holdings will resign and Novacab will appoint new officers and Directors. The transaction is expected to close in August 2013.