Followers | 37 |
Posts | 4190 |
Boards Moderated | 0 |
Alias Born | 10/18/2016 |
Tuesday, January 31, 2017 10:19:24 AM
Today, Source Financial, Inc. (OTCQX: SRCF) announced the signing of an Agreement and Plan of Merger with CSES Group, Inc., developer of environmentally friendly, sustainable, and cost-efficient refrigerant technology. Upon completion of the merger, CSES Group will become a wholly owned subsidiary of Source Financial.
As government mandates completely phase out HCFCs and R-22 refrigerant, the demand for compliant refrigerants like alltemp® will dramatically accelerate this $20 Billion annual market. CSES Group’s alltemp® refrigerant has been successfully tested at several Fortune 100 companies’ facilities, demonstrating significant average savings in energy consumption while maintaining capacity (link to results: https://www.alltempsolutions.net/results/).
CSES Group recently raised more than $4.5 million to increase capacity of alltemp® to $100 million per month at its 6,000 sqft state-of-the-art plant in Oregon, expand its product line, and hire a worldwide sales force to market its line of products.
“The transition from the private to public markets will help CSES gain significant exposure, propel the company into a leadership position in the environmental services industry, and provide broader access to capital and global partnerships, as needed, for expansion plans. Our plan is to rapidly accelerate the Company’s growth to bring long-term value to shareholders,” stated Bill Lopshire, CSES CEO.
Further information about the Agreement and Plan of Merger can be found on the Form 8K, filed January 25, 2017.
For more information on alltemp®, visit www.alltempsolutions.net
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM