SOURCE: Crednology Holding Corp.

February 23, 2017 06:00 ET

Crednology Holding Corp. Forward Momentum Continues

California Recycling, Inc. has signed a new contract with the Malibu Sheriff's Department to provide E-Waste collection services

NORTHRIDGE, CA--(Marketwired - Feb 23, 2017) - Crednology Holding Corp. (OTC PINK: COHO) ("Crednology"), is pleased to announce the signing of another new E-waste contract by California Recycling, Inc., Crednology's wholly owned subsidiary. California Recycle will provide E-Waste collection services for all the Malibu Sheriff Department's collection events for residents and businesses for the entire areas of Malibu and Lost Hills.

The first event will be held this Saturday, February 25th, 2017. The sheriff's department is heavily promoting this event with over 40,000 flyers, an online campaign, signs and other promotions activities. The Company intends to provide several trucks and crews for this first event and expects it to be very successful. The event will serve as a great promotion for the company to many of the large scale businesses in the District who we hope will take advantage of the Company's services.

Oriel Rechtman, CEO of Crednology Holding Corp., commented, "We are looking forward to this first event in partnership with the Malibu Sheriff's Department which we expect to be a huge success. We continue to negotiate new agreements and contracts that will improve Revenue and EBITDA and enhance Shareholder Value. We are proud that our services to the community are appreciated and help the environment."

About Crednology Holding Corp.

Crednology Holding Corp, a Delaware corporation, is a public holding company that has been dedicated to enhancing shareholder value through a strategic combination of organic growth, mergers and profitable acquisitions. 

The Company is engaged in the cloud computing segment of the technology sector as well as the Electronic Waste and Recycling business. The main products and services include cloud computing and virtual environment, disaster recovery and business continuity and managed services to corporate accounts as well as the recycling and disposal of E-Waste and other materials.

The market for cloud computing is growing at a staggering pace. In 2015 the industry experienced a rapid growth of 33% with the segment of business reaching over $16 billion by the year end. This market trend is expected to continue with growth of approximately 30% expected annually for the next few years. E-Waste is growing at a significant pace with double digit increases anticipated annually over the next few years.

Safe Harbor and Informational Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.

The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

Contact Information