CB Scientific, Inc. announced that the Company, on February 24, completed a Stock For Asset Exchange Agreement with Marutronics LLC and Bobban Subhadra and Vijitha Vivekanandan, equal members of MMD. Subject to the terms and conditions of the agreement, the MMD Members delivered all their Membership Interests and IP rights (patents, trademark, trade secrets) to CBSC and in return CBSC transfers to the MMD Members 7,500,000 newly issued restricted shares of Common Stock of CBSC and 5,000,000 shares of Common Stock at par value as stock options. As part of the agreement, Mr. Bobban Subhadra has been elected as the Chief Operating Office of the Company and will also serve on the Board of Directors of CB Scientific.