China HHIT, Inc (0001423244)

WEB NEWS

Wednesday, June 30, 2010

Reverse Merger Activity

HHIT International Group Limited is in the preliminary stages of executing a reverse merger.

HHIT International Group Limited is a company organized under the laws of Hong Kong and a wholly-owned subsidiary of HHIT BVI (“HHIT HK”), Guangzhou Huihai Information Sci-Tech Co., Ltd., a company organized under the laws of the People’s Republic of China and a wholly-owned subsidiary of HHIT HK (“HHIT PRC”), Guangzhou HHIT Enterprise Management Co., Ltd., a company organized under the laws of the People’s Republic of China and controlled by HHIT PRC.

Note: Merger has not been formally consummated.

Company Snapshot: TBA

Industry Snapshot: TBA

Post Merger Share Calculation:

  •   7,096,390: Pre reverse merger outstanding shares
  •   7,096,390: Pre reverse merger outstanding warrants  
  •   3,496,390: Shares cancelled as part of the Share Exchange
  •   5,768,890: Warrants cancelled as part of the Share Exchange 
  • 33,072,500: Newly issued shares of Common Stock
  •   2,000,000: Shares associated with private placement

GeoTeam® best effort calculation of total post reverse merger shares assuming full conversions:  40,000,000

Financial Snapshot: TBA



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