On 6th December 2021, Alltemp, Inc. (“Alltemp” or “the Company”) (OTCPK: LTMP) announced the acquisition of a well-known digital marketing business, Digi Messaging & Advertising, Inc. (“Digi") through a share exchange agreement (the "Share Exchange"). With the acquisition, Alltemp, Inc. plans to offer all-encompassing digital marketing tools to disrupt the fragmented marketplace (reported GlobeNewswire). The acquisition brings immediate revenue and an exceptional outlook for growth in a market expected to surge up to $645.8 billion by the year 2024. Alltemp is a “break-through technology” enabler that delivers all-encompassing solutions for environmental safety and for boosting the performance efficiency of its clients.
The company also plans to roll out a new customer-centric platform to complement its existing B2B services based on the integration of Digi’s multiple standalone digital marketing tools, to be launched in Q1, 2022. The Company's new SAAS platform will be available to individuals and enterprises of all sizes, whether for-profit or non-profit, which are seeking to harness the power of big data to precisely micro-target customers to accelerate the conversion rates.
Because of the Share Exchange, Alltemp acquired 100% of the issued and outstanding shares of Digi in exchange for the issuance of 600,000 shares of Series D Convertible Preferred Stock. Immediately thereafter, Alltemp’s refrigerant technology was spun out in exchange for the cancellation of approximately 54 million common shares held by former Alltemp management and shareholders. Upon the completion of these tasks, Edward C. DeFeudis assumed the role of CEO, and Ben Hansel continued to be on the board of directors. On a fully diluted basis, Digi shareholders own approximately 73.7% of the total shares of Alltemp common stock after giving effect to the conversion of the Series D Convertible Preferred Stock.
Alltemp CEO, Edward C. DeFeudis quoted, “By consolidating the most effective digital marketing tools into one easy-to-use platform, we should decisively win customer mindshare in a highly-fragmented market. Further, and in parallel to the platform development and launch, we plan to build and acquire additional revenue generating assets to create value and stability as an early-stage company.”
Alltemp, Inc., through its wholly-owned subsidiary, Digi Messaging & Advertising, Inc. (“Digi”), owns and operates multiple proprietary digital marketing platforms for email and SMS dissemination, push notifications, short links, and more. Digi also provides web design and copywriting services for digital advertising campaigns and manages its clients’ SEO, SMM, Content Marketing, and Online Advertising. Digi is currently building an integrated digital marketing platform. This will enable companies and enterprises of all sizes to leverage big data to micro-target customers, driving disruptive optimization of efficiency.
Digi Messaging & Advertsing, Inc., is an esteemed digital marketing and advertising firm that currently leverages multiple service platforms such as SMS, push notification, short links, email, and much more. Digi is currently working to build a customer-facing digital marketing and communications platform as a service to allow enterprises of all sizes to leverage big data to micro-target customers with disruptive increases in productivity.
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