Buildablock Inc. signed an agreement to acquire Hipso Multimedia, Inc. (OTCBB: HPSO) in a reverse merger transaction on November 30, 2011. Hipso Multimedia will issue 50% of the total outstanding shares, that is 8.6 million, following the effective date of Hipso's planned reverse split on a 1:8 basis. Gary Oberman and Bartek Bulzak, Owners of Buildablock, will become President and Chief Technical Officer of Buildablock respectively, joining the current Board of Directors, Rene Arbic and Alex Kestenbaum, who will also continue to serve as Buildablock's Chief Financial Officer. Pacific Stock Transfer Co. will issue a certificate evidencing a number of restricted shares of the Hipso Multimedia common stock, par value CAD .00001 per share representing 25% of the issued and outstanding shares of Hipso Multimedia on a fully-diluted basis, in the names of each of the sellers for an aggregate number of shares equal to 50% of the issued and outstanding shares of Hipso Multimedia on a fully-diluted basis. The transaction is subject to approval of Securities and Exchange Commission and Financial Industry Regulatory Authority. The deal was approved by the Board of Directors and majority shareholders of Hipso. If any of the conditions is not satisfied by March 31, 2012, Buildablock may terminate this agreement. Pacific Stock Transfer Co. acted as transfer agent to Hipso Multimedia. Pacific Stock Transfer Co. acted as transfer agent for Hipso Multimedia. Buildablock Inc. completed the acquisition of Hipso Multimedia, Inc. (OTCBB: HPSO) in a reverse merger transaction on March 7, 2012.