Crednology Holding Corp. Announces A New E-Waste Contract
February 16 2017 - 6:30AM
Marketwired
Crednology Holding Corp. Announces A New E-Waste Contract
California Recycling, Inc. has entered into a new agreement with
the Oak School District to provide E-Waste collection services
NORTHRIDGE, CA-(Marketwired - Feb 16, 2017) - Crednology Holding
Corp. (OTC PINK: COHO) ("Crednology"), is pleased to announce that
California Recycling, Inc. Crednology's wholly owned subsidiary,
has entered into a new agreement with the Oak School District to
provide E-Waste collection services to the district for all their
collection events the District is holding for the residents and
businesses of Agoura Hills, located in Los Angeles County and
Thousand Oaks in Ventura County. The first event was held on
February 4th, 2017 and was extremely successful with several
truckloads of products collected. Hundreds of local residences
unloaded many E-Waste products of excellent value to the Company.
The Company anticipates that many of the larger businesses in the
District will take advantage of the Company's services.
Oriel Rechtman, CEO of Crednology Holding Corp. commented, "We
are really excited by the response at this first event in
partnership with the Oak School District. Crednology looks forward
to many more events and expects the amount of E waste collected at
each event to increase as the community gets to know us. All the
communities we work with love the fact that we are improving our
environment by helping to keep our planet green."
Crednology's Revenue and EBITDA are growing and will continue to
grow as the response to these collection events gets stronger.
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