Redishred Capital Corp. ("Redishred") Announces Private Placement Financing
Mississauga, Ontario--(Newsfile Corp. - July 5, 2018) - Redishred Capital Corp (TSXV: KUT), (the "Company") is pleased to announce that it has entered into an agreement with Acumen Capital Finance Partners Limited (the "Agent"), pursuant to which the Agent has agreed to place, on a "best efforts" private placement basis, 16,666,667 common shares (the "Common Shares") of the Company at a price of $0.60 per Common Share (the "Offering Price") for gross proceeds of $10.0 million (the...
2018-07-05 8:00 AM EDT
Redishred Capital Corp. Announces Acquisition of On Guard Shredding in New York City
Mississauga, Ontario--(Newsfile Corp. - June 11, 2018) - Redishred Capital Corp (TSXV: KUT) ("Redishred" or "Company") has completed the acquisition of the On Guard Shredding ("On Guard") 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...
2018-06-11 9:17 AM EDT
Redishred Capital Corp. ("Redishred") Announces Q1-2018 Results
Mississauga, Ontario--(Newsfile Corp. - May 29, 2018) - Redishred Capital Corp. (TSXV: KUT) Quarterly Earnings Call: 4:30pm EST, May 30, 2018, Participant call in number is 1-800-319-4610. First Quarter Highlights: Consolidated Highlights: Total system sales (the revenues produced by all franchise, license and corporate locations) were $9 million USD, increasing 7% in Q1 of 2018, compared to Q1 of 2017 (of the $9 million USD, $4.4 million USD or 49% was recurring revenue). The Company...
2018-05-29 11:48 AM EDT
Redishred Capital Corp. ("Redishred") to Announce 1st Quarter 2018 Results on Investor Conference Call
Mississauga, Ontario--(Newsfile Corp. - May 23, 2018) - Redishred Capital Corp. (TSXV: KUT) plans to release its 1st quarter results by Wednesday, May 30th, 2018. The Company is pleased to announce the details of its Investor Conference Call as follows: Date: Wednesday, May 30th, 2018 Time: 4:30 pm Eastern Standard Time Call In Number: 1-800-319-4610 The purpose of the call is to review the Company's 1st quarter 2018 financial performance. Time has been allotted for a question and answer...
2018-05-23 5:05 PM EDT
Redishred Capital Corp. ("Redishred") Announces Q4-2017 Results Highlighting Revenue and EBITDA Growth
Mississauga, Ontario--(Newsfile Corp. - April 18, 2018) - Redishred Capital Corp. (TSXV: KUT) Quarterly Earnings Call: 4:30pm EST, April 18, 2018, Participant call in number is 1-800-319-4610. Annual Highlights: Total system sales (the revenues produced by all franchise, license and corporate locations) increased 15% to $34 million USD in 2017, compared to 2016. (Of the $34 million USD, $16.2 million USD or 48% was recurring revenue). The Company generated $11.3 million CDN in revenue during...
2018-04-18 9:16 AM EDT
Redishred Capital Corp. ("Redishred") to Announce 4th Quarter and Annual 2017 Results on Investor Conference Call
Mississauga, Ontario--(Newsfile Corp. - April 12, 2018) - Redishred Capital Corp. (TSXV: KUT) Redishred plans to release its 4th quarter and annual earnings results by Wednesday, April 18, 2018. The Company is pleased to announce the details of its Investor Conference Call as follows: Date: Wednesday, April 18, 2018 Time: 4:30 pm Eastern Standard Time Call In Number: 1-800-319-4610 The purpose of the call is to review the Company's 4th quarter and fiscal 2017 financial performance. Time has...
2018-04-12 6:29 PM EDT
Redishred Capital Corp. Announces Acquisition of Shred Con in New York
Mississauga, Ontario--(Newsfile Corp. - April 4, 2018) - Redishred Capital Corp (TSXV: KUT) ("Redishred" or "Company") 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...
2018-04-04 9:28 AM EDT
Redishred Capital Corp. Announces New Stock Option Grants
Mississauga, Ontario--(Newsfile Corp. - March 16, 2018) - Redishred Capital Corp. ("Redishred") (TSXV: KUT) has granted options to the non-management Directors of the Company as an annual retainer for Board compensation. The options are to purchase an aggregate of common shares as set forth below. Effective March 15, 2018, Redishred has granted 305,000 stock options, at a price of $0.55, with 100% of the options vesting upon execution, with a life of five years, expiring on March 14, 2023....
2018-03-16 5:00 PM EDT
Redishred Capital Corp. ("Redishred") Announces Q3-2017 Results Highlighting Growing Revenue and EBITDA, and Provides Conference Call Details
Mississauga, Ontario--(Newsfile Corp. - November 27, 2017) - Redishred Capital Corp. (TSXV: KUT) Quarterly Earnings Call: 2:00pm EST, November 27, 2017, Participant call in number is 1-800-319-4610 Third Quarter Highlights - in Canadian Dollars except where noted: The Company generated $2.8 million in revenue in Q3 of 2017, growing 17% over Q3 of 2016. Q3 2017 EBITDA was $865,000, growing 17% over Q3 2016. Total system sales (the revenues produced by all corporate, franchise and license...
2017-11-27 8:00 AM EST
Redishred Capital Corp. ("Redishred") to Announce 3rd Quarter 2017 Results on Investor Conference Call
Mississauga, Ontario--(Newsfile Corp. - November 23, 2017) - Redishred Capital Corp. (TSXV: KUT) plans to release its 3rd quarter earnings results on Monday, November 27, 2017. The Company is pleased to announce the details of its Investor Conference Call as follows: Date: Monday, November 27, 2017 Time: 2:00 pm Eastern Standard Time Call In Number: 1-800-319-4610 The purpose of the call is to review the Company's 3rd quarter and year-to-date financial performance. Time has been allotted for...
2017-11-23 4:43 PM EST
RediShred Capital Corp. ("RediShred") Announces Q2-2017 Results Highlighting Continued Revenue and EBITDA Growth
Mississauga, Ontario--(Newsfile Corp. - August 25, 2017) - Redishred Capital Corp. (TSXV: KUT) Second Quarter Highlights - in Canadian Dollars except where noted: The Company earned $3.1 million in revenue during the second quarter of 2017, growing 25% over the second quarter of 2016. The Company generated $975,000 in normalized EBITDA during the three months ended June 30, 2017, growing 42% over the comparative 2016 period. Total system sales (1) in the PROSHRED® system were $8.8 million USD...
2017-08-25 5:46 PM EDT
RediShred Capital Corp. Closes Debt Financing
Mississauga, Ontario--(Newsfile Corp. - July 28, 2017) - RediShred Capital Corp. (TSXV: KUT) (the "Company") announced today that it has secured an aggregate amount of $4.0 million of senior secured credit facilities from Bank of Montreal ("BMO"). These facilities include (i) an operating revolving demand loan in the amount of $1 million bearing interest at BMO's prime rate plus 1.7% and (ii) a non-revolving term loan in the amount of $3 million with an amortization of 60 months from the date...
2017-07-28 5:00 PM EDT
Redishred Capital Corp. ("Redishred") Announces Q1-2017 Results, Highlighting 31% EBITDA Growth and Stronger Balance Sheet
Mississauga, Ontario--(Newsfile Corp. - May 25, 2017) - Redishred Capital Corp. (TSXV: KUT) First Quarter Highlights — in Canadian Dollars except where noted: The Company generated $807,000 in EBITDA during the first quarter of 2017, growing 31% over the prior 2016 comparative period. Operating income in the first quarter of 2017 grew 31% over the first quarter of 2016, to $620,000. On January 23, 2017, Redishred closed its private placements and debt conversions, raising $4.03 million in...
2017-05-25 10:34 AM EDT
Redishred Capital Corp. ("Redishred") Announces Stock Option Grants and Retention of Market Maker
Mississauga, Ontario--(Newsfile Corp. - May 5, 2017) - Redishred Capital Corp. (TSXV: KUT) Stock Option Issuance Redishred has granted options to certain Directors and Officers of the Company to purchase an aggregate of 693,500 common shares as set forth below. The new stock option grants for the Board of Directors have been made to reflect that the Board will not take cash compensation for their contributions in 2017 and has not in the past. The new stock option grants for Senior Management...
2017-05-05 5:00 PM EDT
Redishred Capital Corp. ("Redishred") Announces Q4-2016 Results, Highlighting Record Recurring System Sales
Mississauga, Ontario--(Newsfile Corp. - April 26, 2017) - Redishred Capital Corp. (TSXV: KUT) Annual Highlights: • Total annual PROSHRED® system sales(1) were $29.6 million USD in 2016, growing 19% over 2015. (Same location system sales also grew at 19% in 2016 when compared to 2015). o Scheduled (recurring) system sales were $14.3 million U
2017-04-26 5:00 PM EDT
Redishred Capital Corp. Announces Acquisition: Proshred Northern Virginia
Mississauga, Ontario--(Newsfile Corp. - March 31, 2017) - Redishred Capital Corp ("Redishred" or "Company") (TSXV: KUT) has completed the acquisition of the Proshred Northern Virginia business, which includes four on-site paper shredding trucks, one on-site hard drive destruction truck, plant based shredding equipment, other equipment and client relationships. Redishred anticipates an increase in its annualized revenue of over $800,000USD per annum based on prior year results, and views this...
2017-03-31 5:08 PM EDT
RediShred Capital Corp. Closes Non-Brokered Private Placements and Debt Conversion
Mississauga, Ontario--(Newsfile Corp. - January 23, 2017) - On January 23, 2017, RediShred Capital Corp. (TSXV: KUT) (the "Company") closed its previously announced private placements and debt conversion. The Company raised approximately $2.03 million out of a maximum of up to $4 million being offered to all eligible existing shareholders and raised an additional $2 million in an additional offering. Both private placement transactions sold units of the Company (the "Units") at a price of...
2017-01-23 6:23 PM EST
RediShred Capital Corp. Update on Non-Brokered Private Placements
Mississauga, Ontario--(Newsfile Corp. - December 22, 2016) - RediShred Capital Corp. (TSXV: KUT) (the "Company") has received a lead subscription for up to $2 million on its non-brokered private placements announced on December 7th, 2016. The Company announced its intention to raise an aggregate of up to $6 million by way of two non-brokered private placements, including up to $4 million being offered to all eligible existing shareholders (the "Existing Shareholder Offering") and up to $2...
2016-12-22 5:15 PM EST
RediShred Capital Corp. Announces Non-Brokered Private Placements and Debt Conversion
Mississauga, Ontario--(Newsfile Corp. - December 7, 2016) - RediShred Capital Corp. (TSXV: KUT) (the "Company") announced today that it intends to raise an aggregate of up to $6 million by way of two non-brokered private placements, including up to $4 million being offered to all eligible existing shareholders (the "Existing Shareholder Offering") and up to $2 million in an additional offering (the "Additional Offering"). Both private placement transactions will offer units of the Company...
2016-12-07 5:18 PM EST
Redishred Capital Corp. ("Redishred") Announces Q3-2016 Results, Highlighting Record Recurring System Sales
Mississauga, Ontario--(Newsfile Corp. - November 30, 2016) - Redishred Capital Corp. (TSXV: KUT) Third Quarter Highlights: Total system sales(1) in the PROSHRED® system were $7.5 million USD in the third quarter of 2016, growing 16% over the comparative period in 2015. Scheduled (recurring) system sales for the third quarter reached a record of $3.61 million USD, growing 14% over the third quarter of 2015; Unscheduled system sales for the second quarter were $2.6 million USD, growing 16% over...
2016-11-30 12:35 PM EST