On September 19, 2017 (“Closing Date”), SMG Indium Resources Ltd. entered into an Agreement and Plan of Share Exchange dated as of such date with MG Cleaners LLC and all of the members of MG. In accordance with the Acquisition Agreement and the transactions contemplated thereby, effective as of the Closing Date, the following directors and officers were appointed: Matthew C. Flemming as Chief Executive Officer and Chairman, Meggen E. Rhodes as Chief Financial Officer, John P. Boylan, Steven E. Paulson and Michael A. Gilbert II as Directors. In addition, Ailon Grushkin, Richard Biele, Fred Arena and Mary Paetzold resigned their respective positions as officers and/or directors of the company effective upon the consummation of the Acquisition.