Redishred Capital Corp (TSX-V: KUT) has completed the acquisition of the On Guard Shredding  business, located in New York City, New York, for a total purchase price of $450,000USD. The asset acquisition includes client relationships, vehicles and other assets. Redishred views this acquisition as accretive to the Company’s cash flows and earnings per share. The acquisition was financed by utilizing Redishred’s cash reserves.

Mr. Jeffrey Hasham, CEO of Redishred, had the following comments on the acquisition, “On Guard has been in the information destruction business for well over 10 years in the New York City and New Jersey markets. The ownership at On Guard has done a tremendous job at providing great client service to their small and medium sized customers, and we at Proshred are looking to continuing that well established tradition of client care.”

Services

Redishred Capital Corp. is the owner of the PROSHRED® trademarks and intellectual property in the United States and Internationally. 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 certification. It is PROSHRED®’s vision to be the ‘system of choice’ and provide shredding and recycling services on a global basis. PROSHRED® currently services over 40 markets in the United States.