To All Source One Vendors, Customers, Creditors and Friends:

We regret to say that Source One has ceased conducting business at this time. Although it has been in business for over 25 years and, we believe, has earned a good reputation in the industry, adverse financial circumstances now require the company to close its doors.

Source One has significant secured loan obligations and commencing on October 17, 2016, the secured creditors will be taking possession of the company assets for the purpose of liquidating them. We anticipate this process may take several months to complete. If you have any questions concerning this, we encourage you to contact our senior secured banking creditor at the address below. If you are an unsecured creditor of Source One, please be advised that at this time we do not expect there will funds available to make any payments to unsecured creditors.

Should further information be desired from the Bank, please contact the following:

Western Alliance Bank
Attention: Source One Loan Officer
Special Assets Division
55 Almaden Blvd., Suite 100
San Jose, CA 95113
408 283 0513 fax

We wish to thank all of the vendors, customers and friends those of us at Source One have had the opportunity to work with these past 25 years and for being part of the Source One story.