Crednology Holding Corp (fka COHO)

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news update just released on globe newswire: reiteration of Fridays news, with more detail

link to globenewswire

California Recycles Signs New Three Year Contract

Northridge, CA, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Crednology Holding Corp. (OTC Pink: COHO; "Crednology") announces that California Recycles has signed a new 3 year contract providing paper shredding services to the City of Torrance. California Recyles won this new contract over many competitors. We were not the lowest bid but won this contract due to our excellent working relationship with the City relating to our E waste services.

Orie Rechtman, CEO of Crednology commented: “Our paper shredding service is a growing segment of our business and one that we are looking to expand. We were not expecting to get this contract at the higher price point, however the excellent performance we have had in the past year working with the City was the deciding factor for this award. Providing excellent service to all our customers is a major part of our business fundamentals. “

Orie continued; “As always, our primary objectives remain solid growth, organically and through M&A and the company is making great progress in implementing our plan to identify and acquire much larger targets, especially in our technology sector – Cloud Computing, IT Managed Services and Business Resilience with emphasis on profitability always with the intent to improve shareholder value. Stay tuned for more news.”

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.

Essentially cloud computing is a way to save and/or access data from remote servers. The company’s Private Cloud solution provides fully working environment through our data centers located around the USA as well as real time redundancy and replication of the client’s data which will eliminate loss of data and minimize down time close to zero. Cloud computing is growing at a staggering pace. The industry is experiencing rapid growth with the cloud segment of business achieving a growth of over 20% per annum. E-Waste is going through changes as a result of the tariff struggles between China and the US. We are planning to grow our recycling business by future investments in paper and cardboard recycling