Eco-Shift Power Corp. (OTCPK:ECOP) signed a letter of intent to acquire Sun & Sun Industries Inc. from Lynda Sun Frederick and Deborah Sun on September 29, 2014. Sun Industries generated revenue of $10 million.

Eco-Shift Power Corp. (OTCPK:ECOP) completed the acquisition of Sun & Sun Industries Inc. from Lynda Sun Frederick and Deborah Sun for $2.9 million in cash and stock on October 20, 2014. Eco-Shift Power will issue 9.85 million shares of its common stock, $0.1 million cash at closing and $0.15 million cash eight weeks after closing as consideration in the transaction. As of October 17, 2014, Eco-Shift Power Corp. signed a definitive agreement to acquire Sun & Sun Industries Inc. from Lynda Sun Frederick and Deborah Sun. The transaction is subject to due diligence investigations and resignation of the directors of Sun & Sun Industries. Scott Kline of Crone Kline Rinde LLP acted as legal advisor to Eco-Shift Power. Davis D. Thompson of Atkinson, Andelson, Loya, Ruud & Romo acted as legal advisor to Sun & Sun Industries.