Crednology Holding Corp. Forward Momentum Continues
February 23 2017 - 5:00AM
Marketwired
Crednology Holding Corp. Forward Momentum Continues
California Recycling, Inc. has signed a new contract with the
Malibu Sheriff's Department to provide E-Waste collection
services
NORTHRIDGE, CA-(Marketwired - Feb 23, 2017) - Crednology Holding
Corp. (OTC PINK: COHO) ("Crednology"), is pleased to announce the
signing of another new E-waste contract by California Recycling,
Inc., Crednology's wholly owned subsidiary. California Recycle will
provide E-Waste collection services for all the Malibu Sheriff
Department's collection events for residents and businesses for the
entire areas of Malibu and Lost Hills.
The first event will be held this Saturday, February 25th, 2017.
The sheriff's department is heavily promoting this event with over
40,000 flyers, an online campaign, signs and other promotions
activities. The Company intends to provide several trucks and crews
for this first event and expects it to be very successful. The
event will serve as a great promotion for the company to many of
the large scale businesses in the District who we hope will take
advantage of the Company's services.
Oriel Rechtman, CEO of Crednology Holding Corp., commented, "We
are looking forward to this first event in partnership with the
Malibu Sheriff's Department which we expect to be a huge success.
We continue to negotiate new agreements and contracts that will
improve Revenue and EBITDA and enhance Shareholder Value. We are
proud that our services to the community are appreciated and help
the environment."
About Crednology Holding Corp.
Crednology Holding Corp, a Delaware corporation, is a public
holding company that has been dedicated to enhancing shareholder
value through a strategic combination of organic growth, mergers
and profitable acquisitions.
The Company is engaged in the cloud computing segment of the
technology sector as well as the Electronic Waste and Recycling
business. The main products and services include cloud computing
and virtual environment, disaster recovery and business continuity
and managed services to corporate accounts as well as the recycling
and disposal of E-Waste and other materials.
The market for cloud computing is growing at a staggering pace.
In 2015 the industry experienced a rapid growth of 33% with the
segment of business reaching over $16 billion by the year end. This
market trend is expected to continue with growth of approximately
30% expected annually for the next few years. E-Waste is growing at
a significant pace with double digit increases anticipated annually
over the next few years.
Safe Harbor and Informational Statement
This press release may contain forward-looking information
within the meaning of Section 21E of the Security Exchange Act of
1934, as amended (the Exchange Act), including all statements that
are not statement of historical fact regarding the intent, belief
or current expectations of the company, its directors or its
officers with respect to, among other things: (i) the company's
financing plans; (ii) trends affecting the company's financial
conditions or results of operations; (iii): the company's growth
strategy and operating strategy; and (iv) the declaration and
payment of dividends.
The words "may", "would", "will", "expect", "estimate",
"anticipate", "believe", "intend", and similar expressions and
variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statement are not a guarantee of future of future performance and
involve risks and uncertainties, many of which are beyond the
company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors including the risk disclosed in the
company's statements and reports filed with the OTC Markets. The
Company claims the safe harbor provided by Section 21E(c) of the
Exchange Act for all forward-looking statements.
For more information contact Oriel Rechtman
Info@credholdingcorp.com