Anthony Sarvucci, Vincent Bonifatto and Anderson Levine LLC agreed to acquire 24.74% stake in Cumberland Hills Ltd. (OTCBB:CHLL) from Joseph Isaacs for $0.04 million on August 28, 2013. Joseph Isaacs, Chief Executive Officer and Director of Cumberland, will transfer 36 million shares in the deal. In a related transaction Joseph Isaacs and Robert Sawatsky agreed to acquire the paper products business from Cumberland Hills Ltd. on August 28, 2013.

The transaction will be financed from the existing funds of these new shareholders. The Board of Directors of Cumberland appointed Anthony Sarvucci and Vincent Bonifatto to the Board and to certain officer positions. Anthony Sarvucci was also appointed as President and Chief Executive Officer and Vincent Bonifatto was appointed as Chief Financial Officer, Secretary and Treasurer.

Following these appointments, Joseph Isaacs resigned from all officer and Director positions at Cumberland.