Frozen Food Gift Group Inc. (OTCBB: FROZ) signed an agreement to acquire Miami Ice Machine Company for $1.2 million in stock on February 22, 2013. As part of consideration, Frozen Food issued to the shareholders of Miami Ice a total of $0.88 million of its restricted common stock in exchange for all of Miami Ice shares. Additonally, the shareholders of Miami Ice are entitled to an additional $0.28 million of Frozen Food's securities if, for either the year ending 2013 or the year 2014, the annual revenues of Miami Ice business in the South Florida territory exceeds $1 million.

The transaction is subject to regulatory approvals, due diligence consummation, execution of consulting agreement, and execution of employment agreement. The transaction is expected to close on or by June 1, 2013. The transaction was completed effective June 11, 2013.

David Glassberg of Glassberg & Glassberg, P.A. acted as legal advisor to Miami Ice Machine Company, Inc. Gary L. Blum of Law Offices of Gary L. Blum acted as legal advisor to Frozen Food Gift Group, Inc.