Anslow + Jaclin
(PublicWire.com Press Release) — Anslow + Jaclin, LLP announced that it represented City Zone Holdings Limited, a British Virgin Islands company, in a reverse acquisition of Eco Building International, Inc. (OTCBB:ECBI) and simultaneous financing transaction. City Zone Holdings Limited, through its subsidiaries, is an emerging organic and non-organic agricultural products distributor in the Shanxi Province of the People’s Republic of China engaged in procuring, processing, marketing and distributing various grain and corn products.
In the transaction, Eco Building International, Inc. received 100% of the issued and outstanding ordinary shares of City Zone Holdings Limited, which became a wholly-owned subsidiary of Eco Building International. Simultaneous with the reverse merger, the Company closed a private placement in the amount of approximately $8.21 million consisting of convertible preferred shares and warrants. On May 10, 2010, we advised on a second closing for an additional approximately $2.59 million for an aggregate financing of approximately $10.8 million. Maxim Group, LLC was the placement agent for the transaction.
“We are pleased to have advised and assisted City Zone Holdings in going public and closing the financing transaction. We look forward to continuing to work with the Company as a U.S. listed public company and help them achieve great success and meet all their milestones in the years to come,” commented Richard I. Anslow, Esq., Managing Partner.
The A+J team that represented the Company was led by Richard Anslow and assisted by Eric Stein, Eric Kuehnen and Kevin Liu.
About Anslow + Jaclin
Anslow + Jaclin is a boutique securities and corporate law firm providing legal and business expertise for its domestic and international clients. Its focus is on representation of public companies that are listed on United States stock exchanges and are required to comply with the 1934 Exchange Act promulgated by the U.S. Securities and Exchange Commission. In addition to representing United States domestic companies, Anslow + Jaclin represents international based operating companies listed on United States stock exchanges with a strong concentration on Chinese-based operating companies. Dedicated to serving its clients’ needs and achieving their goals, Anslow + Jaclin has the experience, knowledge, responsiveness and resources to ensure successful, practical and cost-effective solutions for all of its clients’ business endeavors.
Additional information about this transaction can be found at the Firm’s website located at www.anslowlaw.com or by contacting the following:
Anslow + Jaclin, LLP
Richard I. Anslow