Monkey Rock Group, Inc. (OTCBB: MKRO) cancelled the acquisition of certain parcels of land from Destination Daytona, LLC.

Monkey Rock Group, Inc. (OTCBB: MKRO) entered into a real estate purchase agreement to acquire certain parcels of land from Destination Daytona, LLC for $11.5 million in cash on February 5, 2011. The agreement allows for a sixty day due diligence period, at the conclusion of which, the parties will have thirty days to close the transaction. During the due diligence period, Monkey Rock Group has the sole right to terminate the agreement by written notice delivered to Destination Daytona, LLC. Monkey Rock Group, Inc. (OTCBB: MKRO) cancelled the acquisition of certain parcels of land from Destination Daytona, LLC on February 5, 2012.