Bella Petrella's Holdings, Inc. (OTCBB: BTHR) signed a contract to acquire units of Vasaturo Holdings LLC from Robert Vasaturo, Jr. and Melissa Vasaturo for $0.8 million in cash on August 31, 2011. The transaction is expected to close after the financing is obtained. The transaction is subject to Bella Petrella's Holdings Board of Directors approval. The transaction is expected to close by October 31, 2011. Robert Vasaturo, Jr. and Melissa Vasaturo will use proceeds to repay the obligations of Vasaturo Holdings in the amount of $0.57 million arising out of a promissory note. The closing of this transaction is subject to the extensions for the promissory notes issued to purchase the Westshore Companies and has been extended until August 31, 2012.

Craig A. Wagner of Wagner, Johnston & Rosenthal, P.C acted as legal advisor for Robert Vasaturo. Jackson L. Morris of Jackson L. Morris, P.A acted as legal advisor for Bella Petrella's.

Bella Petrella's Holdings, Inc. (OTCBB: BTHR) cancelled the acquisition of units of Vasaturo Holdings LLC from Robert Vasaturo, Jr. and Melissa Vasaturo on November 15, 2012.