REDISHRED CAPITAL CORP. ANNOUNCES NEW APPOINTMENTS
March 31 2011 - 3:42PM
PR Newswire (Canada)
MISSISSAUGA, ON, March 31 /CNW/ -- MISSISSAUGA, ON, March 31 /CNW/
- Redishred Capital Corp. (TSXV: KUT) is pleased to announce the
appointment of Mr. Jeffrey Hasham as its new Chief Executive
Officer, effective April 1, 2011. Mr. Hasham has been Redishred
Capital Corp.'s ("Redishred") Chief Financial Officer since March
2008. Mr. Hasham has also been appointed to the Board of Directors
of Redishred, effective April 1, 2011. Mr. Hasham has spent the
past 10 years in the franchising industry, working with many well
known brands such as Two Men and a Truck, Mini-Tankers and
Wine-Kitz. For the last six years, Mr. Hasham has been working with
the PROSHRED® system. As Chief Financial Officer for PROSHRED® and
Redishred, Mr. Hasham has been actively involved in leading the
growth that has seen the PROSHRED® system grow from six US
locations in 2005 to 18 US locations as at the end of 2010. Mr.
Hasham was also instrumental in completing Redishred's qualifying
transaction, the purchase of PROSHRED®, in 2008 and subsequently
raising a further $4.9 million dollars in 2009 to fund Redishred's
recent acquisition program. Mr. Robert Crozier, will be stepping
down as the Chief Executive Officer, but will continue to be an
active member of the Board of Directors and will provide
transitional support to Mr. Hasham moving forward. The Board
commented that "We are extremely pleased that Jeff has assumed the
role of CEO, and we are positive that Jeff will continue to drive
Redishred's growth plans going forward. Jeff's knowledge of,
and experience in, the franchising and shredding industry, and his
long standing tenure at Proshred were critical in our decision with
his appointment. Furthermore, the Board would like to thank Mr.
Crozier for fulfilling the role of CEO since 2009; Mr. Crozier has
done an outstanding job, seeing Redishred through its re-financing
in 2009 as well as guiding the company through its first three
acquisitions." In addition to the appointment of Mr. Hasham to
Chief Executive Officer, Redishred is also pleased to announce the
appointment of Ms. Kasia Pawluk, CA, to the position of Chief
Financial Officer. Ms. Pawluk joined Redishred in October of 2010,
and has been heavily involved in the integration of the
acquisitions conducted in 2010, prior to that; she spent three
years with one of the world's largest public accounting firms, in
their audit and assurance practice and led various clients through
their International Financial Reporting Standards conversions.
Redishred Capital Corp. is the owner of the PROSHRED® trademarks
and intellectual property in the United States. PROSHRED®
shreds and recycles confidential documents and proprietary
materials for thousands of customers in all industry sectors.
PROSHRED® has 18 locations across the United States, three are
corporately owned and operated by Redishred Capital Corp, and the
remaining 15 locations are owned and operated by franchisees.
Redishred also has licensed the PROSHRED® and REDISHRED platform in
the Middle East. PROSHRED® is a pioneer in the mobile document
destruction and recycling industry and has the ISO 9001:2008
certification. In addition to the ISO certification, all of our
franchise and corporate locations in the United States are NAID
certified. It is PROSHRED®'s vision is to be the "system of
choice" and provide shredding and recycling services on a global
basis. Note: Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. The appointment of Kasia Pawluk to
the position of CFO is interim until TSX-V approval for the
appointment is obtained. To
view this news release in HTML formatting, please use the following
URL: http://www.cnw.ca/en/releases/archive/March2011/31/c8374.html
p Redishred Capital Corp. (TSX.V - KUT)br/ Jeffrey Hasham, MBA,
CAbr/ Chief Executive Officerbr/ a
href="mailto:Jeffrey.hasham@redishred.com"jeffrey.hasham@redishred.com/abr/
a href="http://www.redishred.com"www.redishred.com/abr/ Phone:
(416) 849-3469 Fax: (905) 812-9448 /p p or, /p p Redishred Capital
Corp. (TSX.V - KUT)br/ Kasia Pawluk, CAbr/ Chief Financial
Officerbr/ a
href="mailto:Jeffrey.hasham@redishred.com"kasia.pawluk@redishred.com/abr/
a href="http://www.redishred.com"www.redishred.com/abr/ Phone:
(416) 204-0076 Fax: (905) 812-9448 /p
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