Flurida Group Inc (OTC:FLUG)

Flurida Group, Inc. sources, distributes, and markets appliance parts to refrigerator manufacturers in Asia, Europe, and North and South America. The company’s products include automatic refrigerator build-in icemakers, designed for household refrigeration products, such as refrigerators, under-counter refrigerators, and freezers to make the ice cubes automatically; refrigerator through-door ice water systems; shade pole motors and motor assemblies for refrigerators or freezers; and stoves, LED displays, and other electronic components. It also offers modules, which are automatic ice making and dispensing systems that can dispense cubed ice, crushed ice, and water for refrigerators; ice crush motors for use in automatic ice crushing on built-in ice water dispensing systems; and wires, connectors, and terminals. In addition, the company develops and sells high-efficiency motors for defrosting in refrigerators; and develops automatic icemakers.

In January, 2014, in accordance with the laws of the People’s Republic of China (“PRC”) on Joint Ventures Using Chinese and Foreign Investment (the “Joint Venture Law”) and other relevant laws and regulations of PRC, Procon China, LLC, a Nevada limited liability company, and Flurida Group Inc., a Nevada corporation, entered into a Joint Venture Contract (referred to herein as this “Agreement”), for a Chinese Foreign Joint Venture (the “Joint Venture”) in the City of Chuzhou, Anhi Province of PRC. The name of the Joint Venture is Flurida-Procon Communications Technology Co., Ltd. [Note that the Form 8-K filed on January 14, 2014 contained a scrivener error in “Item 1.01. Entry into a Material Definitive Agreement” as it stated the Agreement date was January 2013 when the correct date is January 2014, as written above and also shown in the Agreement filed as an exhibit to that Form 8-K.]