Crednology Holding Corp. Announces Extension to Existing E Waste Contract
February 14 2017 - 6:30AM
Marketwired
Crednology Holding Corp. Announces Extension to Existing E Waste
Contract
California Recycling Consolidates its Business
NORTHRIDGE, CA-(Marketwired - Feb 14, 2017) - Crednology Holding
Corp. (OTC PINK: COHO) ("Crednology"), is pleased to announce that
its wholly owned subsidiary, California Recycling, Inc. has signed
a three year extension to its contract with the City of Calabasas
to provide Electronic Waste recycling for the city, its residences
and business community. California Recycling has been providing
recycling services to the City of Calabasas, its residences and
businesses since 2009.
California Recycling holds several recycling events every month
for the City where local residents may bring their E waste and
appliances to locations provided by the City where we collect and
recycle the products. These events are promoted by the City at no
cost to us and we believe we can enhance this business by adding
on-site data shredding services as well.
Oriel Rechtman, CEO of Crednology Holding Corp. commented, "We
are excited that the City has agreed to this extension of the
current contract. The Company's reputation with the City has been
established over the last seven years and we expect to build upon
the momentum achieved with other contracts similar to the one with
the City of Calabasas." Rechtman further added; "Our services to
the community are appreciated not just for our professionalism but
for our efforts and contribution to keeping our planet green."
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