Redishred Capital Corp. Announces Investor Lunch and Comments on Market Position

MISSISSAUGA, ON / ACCESSWIRE / June 22, 2016 / Redishred Capital Corp. (TSXV: KUT) (“Redishred” or the “Company”) will be holding an investor event on June 29, 2016 at 121 Richmond Street West, Toronto, Ontario, at 12:00pm EST.

The purpose of this event is to:

• Update current and potential investors on the financial position of the Company;
• Discuss PROSHRED®’s (A wholly owned subsidiary of Redishred) position in the information destruction industry;
• Answer questions about the company; and
• Allow investors and potential investors to converse with management of the Company.

Management’s Comments on the Company and the Market:

Jeffrey Hasham, the Company’s CEO, had the following comments, “Redishred, operating under the brand PROSHRED® has continued to see positive growth in its business. It is our view that businesses and institutions are becoming highly aware of the benefits of destroying their information utilizing the on-site destruction method that PROSHRED® not only founded but continues to specialize in. Our clients continue to request that their documents, hard drives and other sensitive information be destroyed on our specialized trucks prior to us leaving their premises. When we are done our clients have the peace of mind that their information is destroyed and the waste material is recycled. PROSHRED® remain absolutely committed to the on-site destruction model.”

Mr. Hasham also noted that, “We are looking forward to discussing the merits of our client service model and our business model on June 29th over lunch at Little Anthony’s in Toronto, Ontario, Canada.”

Financial Highlights (Canadian Dollars):

Services:

Redishred Capital Corp. is the owner of the PROSHRED® trademarks and intellectual property in the United States. PROSHRED® shreds and recycles confidential information and proprietary materials for thousands of customers in the United States in all industry sectors. PROSHRED® is a pioneer in the mobile document destruction and recycling industry and has the ISO 9001:2008 certification. It is PROSHRED®’s vision to be the ‘system of choice’ and provide shredding and recycling services on a global basis. Redishred Capital Corp. grants PROSHRED® franchise businesses in the United States and by way of license arrangement in the Middle East. Redishred Capital Corp. also operates six corporate shredding businesses directly. The Company’s plan is to grow its business by way of both franchising and the acquisition and operation of document destruction businesses that generate stable and recurring cash flow through a scheduled client base, continuous paper recycling and concurrent unscheduled shredding service.

FOR FURTHER INFORMATION PLEASE CONTACT:

Redishred Capital Corp. (TSXV: KUT)
Jeffrey Hasham, MBA, CPA, CA
Chief Executive Officer
Jeffrey.hasham@redishred.com
www.redishred.com
Phone: (416) 849-3469 Fax: (905) 812-9448

or,

Redishred Capital Corp. (TSXV: KUT)
Jack Pulkinen, CPA, CA
Chief Financial Officer
jack.pulkinen@redishred.com
www.redishred.com
Phone: (416) 204-0076 Fax: (905) 812-9448

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.

This news release contains forward looking statements that reflect the current expectations of management of Redishred and Redishred’s future results, performance, achievements, prospects and opportunities. Wherever possible, words such as “may,” “will,” “estimate,” “believe,” “expect,” “intend” and similar expressions have been used to identify these forward looking statements. These statements reflect current beliefs and are based on information currently available to management of Redishred. Forward looking statements necessarily involve known and unknown risks and uncertainties. A number of factors, including those discussed in the 2014 management discussion and analysis under “Risk Factors,” could cause actual results, performance, achievements, prospects or opportunities to differ materially from the results discussed or implied in the forward looking statements. These factors should be considered carefully and a reader should not place undue reliance on the forward looking statements. There can be no assurance that the expectations of management of Redishred will prove to be correct. Readers are cautioned that such forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from these statements. Redishred can give no assurance that actual results will be consistent with these forward-looking statements.

SOURCE: Redishred Capital Corp.

ReleaseID: 441506