Carbon Bond Holdings, Inc. acquired SpeedSport Branding, Inc. (OTCBB:SDSP.D) in a reverse merger transaction on June 12, 2014. Pursuant to the terms and conditions of the merger agreement, each share of Carbon Bond common stock issued and outstanding immediately prior to the closing of the merger was exchanged for the right to receive one share of the SpeedSport Branding common stock. Accordingly, an aggregate of 59.3 million shares of the SpeedSport Branding common stock were issued to the holders of Carbon Bond's common stock. The name of surviving corporation will be Cannlabs Inc. CannLabs will trade on OTCBB under the symbol "SDSPD," until on or about July 10, 2014, at which time it will be quoted under the symbol "CANL". Cannlabs will be headquartered in Denver, Colorado and will continue the business of Carbon Bond as its primary line of business. Cannlabs new management team includes Genifer Murray, Chief Executive Officer and Board Member, Steve Kilts, President, Chief Operating Officer and Board Member; and Scott McPherson, Chief Financial Officer. Cannlabs Board of Directors now consists of six members, including four newly appointed independent Directors, Joe Allbaugh, Ken Johnsen, Mark Mirken, and Mark Rogers. Stanley Moskowitz of The Bingham Law Group, APC acted as legal advisor to SpeedSport Branding and Steve N. Levine of Husch Blackwell LLP acted as legal advisor to Carbon Bond Holdings in the deal.

Carbon Bond Holdings, Inc. completed the acquisition of SpeedSport Branding, Inc. (OTCBB:SDSP.D) in a reverse merger transaction on June 12, 2014.