Redishred Capital Corp. Announces New Proshred(TM) Franchise in San Francisco, CA, Marking The 25th Location in the United St...
June 24 2013 - 5:40PM
Access Wire
Redishred Capital
Corp. (TSX.V - KUT) announced today that its subsidiary, Proshred
Franchising Corp. ("PFC"), has entered into an agreement with a new
franchisee to operate a PROSHRED(R)
shredding business. The new PROSHRED(R)
franchise office will be located in the San
Francisco/San Jose, CA market. The company currently has 24
locations in operation and with the addition of San Francisco,
CA, PROSHRED(R)
continues to develop its footprint across the United
States and marks its third location in California. Redishred
expects its new franchisee to commence operations in the third
quarter of 2013.
Redishred's President
John Prittie commented, "We are very pleased to award our third
franchise in the state of California. We are hopeful to continue to
develop our market presence on the West Coast in addition to our
Phoenix, AZ, San Diego, CA and Orange County, CA
locations."
Michael Thompson, our
newest franchisees, stated that, "there is no
doubt to me that PROSHRED(R)
is an extremely unique franchise opportunity. I had
evaluated multiple available franchises over several months
and PROSHRED(R)
clearly rose to the top. A PROSHRED(R)
franchise offers the ability for an individual to
grow a business and scale the business without restrictions in our
market place. The harder you work, the more you put into it, the
greater the return. I am also very excited that I will own a B2B
business as opposed to a retail business. Lastly, without question
this service business has great growth
potential."
ABOUT
OUR NEWEST FRANCHISEE
Michael is a
semiconductor industry veteran with 23+ years Sales experience as a
high level executive at companies including AMD, Freescale,
Motorola, IBM and TDK. Michael has engaged in global business
environments having lived in multiple USA locations, Asia and most
recently Europe. Michael lives in Pleasanton, California and has a
wife and three children.
SERVICES
Redishred
Capital Corp. is the owner of the PROSHRED(R)
trademarks and intellectual property in the United
States. PROSHRED(R)
shreds and recycles confidential
documents and proprietary materials for thousands of customers in
the United States in all industry sectors. PROSHRED(R)
is the pioneer of 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(R)'s vision is to be the 'system of
choice' and provide shredding and recycling services on a global
basis.
FOR FURTHER INFORMATION
PLEASE CONTACT:
Redishred Capital Corp.
(TSX.V - KUT)
Kasia Pawluk, CA
Chief Financial Officer
kasia.pawluk@redishred.com
www.redishred.com
Phone: (416) 204-0076 Fax:
(905) 812-9448
or
Jeffrey Hasham, MBA,
CA
Chief Executive Officer
Jeffrey.hasham@redishred.com
www.redishred.com
Phone: (416) 849-3469 Fax:
(905) 812-9448
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 2012 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.
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