Redishred Capital Corp (TSX-V: KUT) has completed the acquisition of the Shred Con business, located in Up-State New York, for a total purchase price of $530,000USD. The asset acquisition includes client relationships, two on-site paper shredding trucks and other equipment. 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 as well as a vendor take back.

Mr. Jeffrey Hasham, CEO of Redishred, had the following comments on the acquisition, “Shred Con has been the premier on-site shredding service in the Watertown, New York area for well over a decade. For over five years they have also been PROSHRED^®‘s preferred partner just north of Syracuse, NY. Our goal is to ensure our new clients are serviced to the same high standard they have come to expect over the past decade, and of course, we will continue to provide their shredding on-site, the most secure method of information destruction.”

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 35 markets in the United States.