NEWS NEWS NEWS:Northridge, CA, July 01, 2019 (GLOBE NEWSWIRE) -- Crednology Holding Corp. (OTC Pink: “COHO”; "Crednology" or the “Company”) confirms that COHO is still working on the approval of it’s Reg A financing submission to the SEC. The delay in obtaining the approval is due to one remaining issue relating to the number of shareholders of COHO which the Company is trying to resolve.
On a really positive note, Coho is pleased to confirm that it has added another significant piece of business to its E waste division with the signing of a new contract with a large aerospace company located in Los Angeles.
Orie Rechtman, CEO commented: “The remaining issue with the SEC in regards to the Reg A approval relates to the number of shareholders the Company had when the Form 15 was filed back in 2010. The number must be below 500. We are currently trying to resolve this issue.”
Orie continued: “More exciting news relates to our results for the first six months of Fiscal 2019 which will be very strong. The new business we have signed both in our Cloud computing and E waste divisions, including our new contract with a large aerospace company, bodes well for continuing growth and improved EBITDA during 2019. As always we strive for improved Shareholder value.”
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