REDISHRED CAPITAL CORP. ANNOUNCES NEW PROSHRED® FRANCHISE LOCATION IN INDIANAPOLIS, INDIANA
May 16 2011 - 4:31PM
PR Newswire (Canada)
MISSISSAUGA,ON, May 16 /CNW/ -- MISSISSAUGA,ON, May 16 /CNW/ -
Redishred Capital Corp. (TSXV: KUT) announced today that its
subsidiary, Proshred Franchising Corp. ("PFC"), has entered into an
agreement with a new franchisee to operate a PROSHRED(®) shredding
business. The new PROSHRED(®) franchise office will be
located in Fishers, Indiana; a suburb of Indianapolis.
The company currently has 18 locations and with the addition of
Indianapolis, IN PROSHRED(®) continues to develop its footprint
across the United States. Redishred expects its new
franchisee to commence operations in Indianapolis in June 2011.
Redishred's President John Prittie commented, "We are very pleased
to award our first new franchise for 2011 which marks our fourth
location in the Midwest. We are looking to further develop
the Midwest region in addition to our Kansas City, Chicago,
Indianapolis and Milwaukee locations". Ken Carite, the new
Indianapolis franchisee, stated "I searched for over a year to
identify the right business model for my new business
endeavor. I selected Proshred because I think document
security is relevant in today's world of identity theft. I
firmly believe that there is solid demand for a "best in class"
service in Central Indiana. Proshred is attractive because it
has a solid infrastructure and support system in addition to a
successful base of existing locations. I look forward to
duplicating the Proshred model in Indianapolis and growing a great
business." ABOUT OUR NEWEST FRANCHISEE Ken Carite is an experienced
Sales and Marketing Executive with over 25 years experience leading
the sales and marketing efforts of sales teams across local,
national and international markets. Most recently Ken was
Director of North American Sales for SAP, the world's leading
Enterprise Software provider. He has also held Sales
Leadership roles with Roche Diagnostics, Great Plains Software and
FourthChannel. He has been a resident of the Indianapolis
area since 1994 and looks forward to building on his personal
mission of "improving the lives of customers, employees and our
community" through the efforts of PROSHRED(® )- Indianapolis.
SERVICES Redishred Capital Corp. is the owner of the PROSHRED(®)
trademarks and intellectual property in the United States.
PROSHRED(®) shreds and recycles confidential documents 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. In addition to the ISO certification, most
of our franchise and corporate locations are NAID
certified. It is PROSHRED(®)'s vision is to be the 'system of
choice' and provide shredding and recycling services on a global
basis. Note: The TSX Venture Exchange has neither approved nor
disapproved of the information contained herein. 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 2008 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. In particular, certain statements in this document discuss
Redishred's anticipated outlook of future events. These
statements include, but are not limited to: (i) The commencement of
operations which may be delayed by the franchisees inability to
secure the required facilities to operate a Proshred franchise, and
(ii) The development of further locations which may not be attained
due to negative local economic circumstances that may limit the
number of qualified franchisee candidates. 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. To view this news release in
HTML formatting, please use the following URL:
http://www.cnw.ca/en/releases/archive/May2011/16/c5000.html p
Redishred Capital Corp. (TSX.V - KUT)br/ Kasia Pawluk, CAbr/ Chief
Financial Officerbr/ a
href="mailto:kasia.pawluk@redishred.com"kasia.pawluk@redishred.com/abr/
a href="http://www.redishred.com"www.redishred.com/abr/ Phone:
(416) 204-0076 Fax: (905) 812-9448 /p p Jeffrey Hasham, MBA, CAbr/
Chief Executive Officerbr/ a
href="mailto:Jeffrey.hasham@redishred.com"Jeffrey.hasham@redishred.com/abr/
a href="http://www.redishred.com"www.redishred.com/abr/ Phone:
(416) 849-3469 Fax: (905) 812-9448 /p
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