Friday, July 15, 2005 12:41:47 AM
http://www.sec.gov/Archives/edgar/data/95302/000110801705000401/ctc13d.htm
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On June 30, 2004 a total of 1,000,000 shares of common stock of Sun City Industries, Inc. became beneficially owned by the Reporting Person in exchange for $375,000 in cash. The source of the $375,000 was a loan from George Frudakis. On December 16, 2004, pursuant to the closing of the Reorganization Agreement dated April 20, 2004, entered into between former Sun City Industries and Yangling Daiying Biological Engineering Co., Ltd., Coast to Coast Equity Group (“CCEG”) was issued an additional 400,000 shares. The Reorganization Agreement has previously been attached to the 14C Information Statement filed on August 19, 2004 and an amendment was executed on August 3, 2004 and is also an attachment to the 14C Information Statement. Subsequently, on or about April 4, 2005, the 400,000 shares previously issued to CCEG were delivered together with 1,400,000 shares that were held in escrow were released and delivered to CCEG. CCEG is currently in the process of issuing additional shares of stock to two new shareholders -- Tony Frudakis and George Frudakis, and subsequent to the issuance, each will have a one-third interest in CCEG.
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