Replies to post #98876 on Crednology Holding Corp fka COHO

[getmoreshares]

Crednology Holding Corp. Posts 3rd Quarter Financial Statements-20% increase in EBIDA. CEO replaces Company Loans with Personal Funds
Press Release | 11/08/2018
Northridge, CA, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Crednology Holding Corp. (OTC Pink: COHO; "Crednology") announces that It has filed its financial statements for the Nine Months ended September 30, 2018. These results feature

1/. Improved EBITDA of $127,429 compared with $102,093 for the same period last year. This is a 20% increase year over year

2/. Improved Revenue for the third quarter as compared with the first two quarters of 2018 and also an increase over the nine month period ended September 30, 2017.

Orie Rechtman, CEO of Crednology commented: “We had a much stronger third quarter with improved revenues and EBITDA. I am very pleased with our progress in this third quarter and look forward to continuing our upward trend in both Revenue and EBITDA.”

Orie Continued: “I made the decision to loan enough funds to the Company to pay off the existing SBA loan. This new loan reduces the monthly payment by almost $2,000 per month thereby improving the Company’s cash flow. The lower interest charge on this new loan will help to improve EBITDA and as a result drive up Shareholder Value. We continue to look for growth opportunities and will keep Shareholders informed as to our progress. Stay tuned for more information.”