omniture

The Crone Law Group Represents Jiangsu Danbom Mechanical & Electrical Co., Ltd. in Reverse Acquisition

Crone Law Group
2010-05-17 21:57 3886

Jiangsu Danbom Mechanical & Electrical Co., Ltd.

SAN FRANCISCO and BEIJING, May 18 /PRNewswire-Asia/ -- The Crone Law Group (the "Firm" or "CLG"), a corporate and securities law firm providing strategic legal services for emerging companies, entrepreneurs and publicly traded entities, announced today that it represented Jiangsu Danbom Mechanical & Electrical Co., Ltd. ("Danbom"), a Jiangsu province, China-based entertainment equipment manufacturer, in its reverse acquisition of the Bulletin Board company Sunnyside Acres Mobile Estates (OTC Bulletin Board: SNYD) ("Sunnyside") effective May 7, 2010. This is the fourth reverse acquisition completed by CLG in the past 12 weeks.

Danbom is a leading designer, manufacturer and distributor of automatic Mahjong tables. Danbom's revenues have increased from $15,436,453 in fiscal year 2008 to $61,178,247 in fiscal year 2009, representing a growth rate of approximately 296%. Net income for the fiscal year ended December 31, 2009 increased by $5,569,977, to $5,732,525 from $162,548 for the fiscal year ended December 31, 2008. In the share exchange, the shareholders of Danbom gained control of approximately 68% of Sunnyside.

"We welcome Danbom to our ever increasing list of U.S. listed,

Chinese-based clients," stated Crone Law Group founder, Mark E. Crone, Esq. "Our ongoing work with our growing list of China-based, U.S. listed companies, coupled with our frequent work merging China-based companies with U.S. listed companies allows us to efficiently help these companies to realize their plans to go public in the U.S."

The Crone Law Group team that assisted Danbom with the reverse acquisition included attorneys Ryan Nail and James Shafer and paralegals Stacie Banks and Falyn Jackson based in San Francisco and Mr. Crone and paralegal Linxiao Han based in the Beijing, China office.

About Crone Law Group

The Crone Law Group is a San Francisco, California-based corporate and securities law firm with additional offices in Beijing, China and Los Angeles, California. The Firm's expertise includes providing legal services for reverse mergers, corporate finance, M&A and U.S. securities law matters as well as business and securities litigation services. CLG has built a strong presence in China with over 6 years experience providing legal services to U.S. listed companies with operations in China. The Firm has experienced Mandarin speaking attorneys and staff and has represented over 30 China-based clients. CLG has established a robust practice over the past 10 years through its strong understanding of the needs of small public and private companies, creative fee structures, and big firm quality service at small firm prices. Additional information can be found at the Company's website http://www.cronelaw.com .

For more information, please contact:

Mark E. Crone

Tel: +1-415-955-8900 (office)

+860-202-6845 (U.S. cell)

+86-139-1125-8294 (China cell)

Email: mcrone@cronelaw.com

Linxiao Han

Tel: +86-10-6561-8959 (office)

+86-159-1076-7893 (China cell)

Email: lxhan@cronelaw.com

Source: Crone Law Group
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