Redishred Capital Corp. Announces New PROSHRED® Franchise in Seattle, Wa, Marking the 26th Location in The United States
July 10 2013 - 5:41PM
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
Seattle/Tacoma, WA market. The company currently has 24 locations
in operation and with the addition of Seattle, WA,
PROSHRED(R)
continues to develop its footprint across the United
States and marks its fourth location on the West Coast. 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 fourth
franchise on the West coast, and our second in under one month. The
addition of Seattle will help us continue to develop our market
presence on the West Coast in addition to our Phoenix, AZ, San
Diego, CA, Orange County, CA and San Francisco, CA
locations."
Natalie LaBerge, our
newest franchisee, stated that, " PROSHRED(R)
is a compelling franchise opportunity for several
reasons. First, it offers a recurring revenue stream in an industry
that continues to grow and continues to be under-penetrated
nationally. Second, PROSHRED(R)
provides a needed service that is delivered with a
high level of professionalism at a reasonable price. Third, 100% of
the shredded paper generated by Proshred is recycled; saving
hundreds of thousands of trees annually, providing a service that
is good for the environment. Finally, I am impressed by the
business acumen of the PROSHRED(R)
support team and by my fellow franchisees. It will
be a pleasure to work with them to further expand
PROSHRED(R)'s market share."
ABOUT
OUR NEWEST FRANCHISEE
Natalie is a hedge
fund and private equity veteran with over 25 years of experience.
She has raised close to $1 billion dollars during her career, and
has been involved in various industries, from clean energy and
natural resource restoration to distressed debt and convertible
bond arbitrage investment management. Natalie has exceptional
relationship building skills and is actively involved in a number
of charities in the Seattle/Puget Sound area.
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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