Olive Oils Direct International, Inc. entered into a share exchange agreement to acquire Baoshinn Corporation from BaoShinn Express Co., Ltd, Pan Hong Kan, Yun Leung Edwin Wong, In Wai Lam and others in a reverse merger on November 28, 2012. Baoshinn Corporation paid 1.48 million shares and $0.1 million in cash. Benny Kan and Mike Lam resigned from their positions as officers and Directors. Sean Webster remains as the sole officer and Director of the Company. The transaction has been approved by the Board of Olive Oils Direct and Baoshinn Corporation. The transaction is subject to third party, due diligence and maximum balance sheet requirements.

Olive Oils Direct International, Inc. completed the acquisition of Baoshinn Corporation from BaoShinn Express Co., Ltd, Pan Hong Kan, Yun Leung Edwin Wong, In Wai Lam and others in a reverse merger on March 4, 2013.