F.I.T.T. Energy Products, Inc. entered into an agreement to acquire FITT Highway Products, Inc. (OTCPK:FHWY) in a reverse merger transaction on June 18, 2013. In consideration, FITT Highway shall deliver to the shareholders of F.I.T.T. Energy the amount of which will be determined at a ratio based on an independent valuation of F.I.T.T. Energy with a minimum ratio of 9 times the value of FITT Highway. Moreover, 0.11 million shares of preferred stock of FITT Highway shall be canceled.

Upon completion of the merger, there will be 35 million shares of common stock of FITT Highway issued and outstanding. Following the merger, FITT Highway shall have the right to enter into new employment agreements, or amend or extend existing employment agreements with Michael Dunn, Robert Crowson, and other key management personnel as deemed necessary or proper by FITT Highway Board of Directors and management. The price and terms of the merger are subject to the completion of a fairness agreement to opinion which FITT Highway anticipates completing no later than July 26, 2013.

As of June 12, 2013, the Board of Directors of FITT Highway Products recommends that the shareholders approve the merger. The transaction has been approved by a majority in interest of shareholders of both companies - F.I.T.T. Energy and FITT Highway. The transaction is expected to close no later than August 1, 2013.

As of October 10, 2013, FITT Highway Products, received approval to the file the Definitive 14C for completing the merger agreement with F.I.T.T. Energy Products. FITT Highway Products issued 33 million shares as the purchase consideration.