Lenard E Schwartzer, trustee, filed a motion in the US Bankruptcy Court for the sale of substantially all the assets of Medizone International, Inc. on June 29, 2018. The trustee seeks the Court’s approval for the sale of substantially all debtor's assets to Edwin G. Marshall and Jill C. Marshall, N.M.D., the stalking horse bidder, for a purchase price of $0.5 million in cash pursuant to the asset purchase agreement, dated May 17, 2018. The buyer shall make cash good-faith deposit in the amount of $0.10 million. The initial minimum overbid in the amount of at least $0.58 million and is at least $0.04 million greater than any preceding overbid accepted by trustee. The stalking horse bidder would be entitled to a break-up fee of $0.04 million and expense reimbursement in case of termination of the asset purchase agreement. The sale hearing is scheduled for August 7, 2018. The buyer is represented by Merle C. Meyers of Meyers Law Group, P.C.