A group of investors entered into asset purchase agreement to acquire the assets of Organic Innovations, Inc. from Profit Planners Management, Inc. (OTCPK:PPMT) for $0.09 million in cash, a promissory note and the assumption of debt on May 7, 2014. The purchase price will be paid, as follows: i) $4,500 in cash on May 9, 2014, ii) $13,500 in cash on or before May 31, 2014, iii) the assumption by Organic Innovations of a liability in amount of $25,000 and iv) the delivery on May 9, 2014 of a promissory note in favor of Profit Planners in the amount of $72,000. The promissory note has an interest rate of 8% per year and matures on May 6, 2015.

A group of investors completed the acquisition of the assets of Organic Innovations, Inc. fom Profit Planners Management, Inc. (OTCPK:PPMT) on May 9, 2014.