Crednology Holding Corp. Announces It's Largest E Waste Contract to Date
May 03 2017 - 9:11AM
Marketwired
Crednology Holding Corp. Announces It's Largest E Waste Contract
to Date California Recycling, Inc. Signs New Long Term Contract
with one of the Most Well Known Museum Groups in Southern
California
NORTHRIDGE, CA-(Marketwired - May 3, 2017) - Crednology Holding
Corp (OTC PINK: COHO)Crednology Holding Corp. (OTC PINK: COHO)
("Crednology"), is pleased to announce that California Recycling,
Inc., Crednology's wholly owned subsidiary, has signed a long term
multi-year contract to provide electronic waste recycling for one
of Los Angeles largest and well known museums. The scope of work
includes the collection of Electronic waste from the Museum's waste
storage facilities.
Oriel Rechtman, CEO of Crednology Holding Corp. commented,"We
are delighted to have won this contract against many significant
competitors. According to the Museum's management team, we won the
contract due to the great references we received from other clients
and the State of California E-Waste overseeing board. This success
bodes well for our negotiations with other museums in the area.
Revenues and Earnings are anticipated to increase due to the
expected success of this contract."
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 two areas of Business:The cloud computing
segment of the technology sector. The Company's main products and
services include cloud computing and virtual environment, disaster
recovery and business continuity and managed services to corporate
accounts.
The Electronic Waste and Recycling business. 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 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 staggering 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