Alltemp, Inc. Completes Merger with CSES Group, Inc.

Alltemp, Inc. (formerly Source Financial, Inc.) completed its acquisition of CSES Group, Inc. via a merger effective April 27, 2017. CSES became a wholly owned subsidiary, and the combined entity focuses on commercializing the proprietary alltemp® refrigerant for HVAC and refrigeration applications.

“On January 24, 2017, Alltemp, Inc. (f/k/a Source Financial, Inc.) (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CSES Acquisition, Inc., a wholly owned subsidiary of the Company (“CSES Merger Sub”) and CSES Group, Inc. (“CSES”) pursuant to which the Company agreed to acquire all of the capital stock of CSES (the “Merger”) with CSES becoming a wholly owned subsidiary of the Company. The consummation of the Merger was effective on April 27, 2017.”

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