Redishred Capital Corp. awards two new PROSHRED® franchises in Phoenix, AZ and Atlanta, GA
October 03 2011 - 4:46AM
PR Newswire (Canada)
MISSISSAUGA, Oct. 5, 2011 /CNW/ - Redishred Capital Corp. is
pleased to announce that its subsidiary, Proshred Franchising Corp.
("PFC"), has entered into agreements with two new franchisees to
operate PROSHRED(®) shredding businesses. The new PROSHRED(®)
franchise offices will be located in Phoenix, AZ and Atlanta,
GA. The company currently has 19 locations in operation and
with the addition of these new locations PROSHRED(®) has now
secured two regionally important markets in the South West and
South East of the United States. Redishred expects its new
franchisees to commence operations in early 2012. Redishred's
President John Prittie commented, "We are very excited to award two
new franchisees in the month of September, and are very happy to
add to our collective team two franchisees with a wealth of
business and operational experience. These locations are important
as they help fill our location foot print in very key
markets". Greg Galvez, our new Atlanta franchisee, stated "I
view the Proshred brand and operating system as assets that can be
leveraged to produce significant returns on my investments over
time. The quality of the people involved is what ultimately swayed
my decision to act now." Joe and Patty Caradonna, the new Phoenix
franchisee, noted "We had been researching the shredding industry
for approximately three years, and contemplated opening our own
shredding operation. While conducting our research, we
discovered and eventually selected Proshred because we firmly
believe that there is solid demand for a quality customer service
oriented document destruction firm such as Proshred in the greater
Phoenix area. Proshred attracted us because of its solid
infrastructure and support system in addition to its successful
base of existing locations. I look forward to growing a
successful and quality driven business with the Proshred
organization." ABOUT OUR NEWEST FRANCHISEES Greg Galvez has nearly
three decades of success building brands and leading sales and
marketing organizations around the world. He has held leadership
roles of increasing responsibility at American Hospital Supply,
Baxter International and for over two decades at The Coca-Cola
Company ("Coke"). Most recently, Greg founded and operated
neXstep beverages, LLC (a subsidiary of The Coca-Cola Company) a
business dedicated to capturing niche market growth opportunities;
leveraging Coke's global trademarks, formulas and consumer
insights. Joe and Patty Caradonna are experienced entrepreneurs,
who have owned two logistics and transportation companies in the
New York City region for 34 years. Both Joe and Patty have
been responsible for sales, operations and finance for their
businesses since their inception. ABOUT PROSHRED 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 and Internationally 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 to be the 'system of choice' and provide
shredding and recycling services on a global basis. System sales
for all PROSHRED(®) locations were just shy of $7.5M during the
first half of 2011, which is up more than $1M (19%) over the same
period in 2010. 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 2010 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 and
equipment to operate a Proshred franchise. 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. RediShred Capital Corp. CONTACT:
Redishred Capital Corp. (TSX.V - KUT)Kasia Pawluk, CAChief
Financial Officerkasia.pawluk@redishred.comwww.redishred.comPhone:
(416) 204-0076 Fax: (905) 812-9448Jeffrey Hasham, MBA, CAChief
Executive
OfficerJeffrey.hasham@redishred.comwww.redishred.comPhone: (416)
849-3469 Fax: (905) 812-9448
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