Latitude 360, Inc. entered into a definitive agreement and plan of merger to acquire Kingdom Koncrete Inc. (OTCPK:KGKO) in a reverse merger transaction on April 8, 2014. As consideration in the transaction, 154.7 million shares will be issued to Latitude 360, Inc., shares issued will represent 99.3% of total issued and outstanding share capital of Kingdom Koncrete. Simultaneously with closing of reverse merger, Kingdom Texas, subsidiary of Kingdom Koncrete, Inc. will be spun off. The Directors and Officers of Latitude 360, Inc. will become the Directors and Officers on completion.

The transaction is subject to approval from shareholders of Latitude 360 and Kingdom Koncrete, government body, completion of due diligence investigation and Officers and Directors of Kingdom Koncrete resigning from their positions prior to closing of the transaction and the issuances of the merger shares being exempt from registration under the Securities Act pursuant to the provisions of Regulation D of the Securities Act. Closing of the spin-off of Kingdom Texas is also a condition to closing of the transaction. Change of name of Kingdom Koncrete to Latitude 360 effective on the closing date, is also a condition to closing of the transaction.

The transaction has been approved unanimously by the Board of Directors of Latitude 360 and Kingdom Koncrete. The transaction is expected to complete on or before May 2, 2014. As a result of acquisition, Latitude 360 will apply for a stock ticker symbol change to LATX and name of the corporation will also change. Peder K. Davisson of Davisson & Associates, PA acted as legal advisor while Wellington Shields acted as financial advisor for Kingdom Koncrete, Inc. Bruce C. Rosetto of Greenberg Traurig, P.A acted as legal advisor for Latitude 360, Inc. Saul Markowitz of Markowitz Communications and Jennifer Neuman and Rob Rinderman of JCIR acted as public relations advisor. As on May 5, 2014, Latitude 360, Inc. requested an extension for closing on or before May 9, 2014 with an option to further extend the closing date to May 16, 2014. As of May 20, 2014, the closing date is further extended to May 30, 2014.

Latitude 360, Inc. completed the acquisition of Kingdom Koncrete Inc. (OTCPK:KGKO) in a reverse merger transaction on May 30, 2014. On June 2, 2014, Kingdom Koncrete Inc. changed its name to Latitude 360, Inc. Latitude 360 applied for a stock ticker symbol change to “LATX” in conjunction with the merger. Effective June 3, 2014, Brent W. Brown, Gregory S. Garson, John Alexon, Casey L. Gunnell, Timothy Gannon, Michael Norris and Michael Simon were appointed to serve on the Board of Latitude 360, while Edward Stevens, the sole member of the Board, resigned as a member of the Board, and from his positions as Chief Executive Officer and Chief Financial Officer.