Redishred Capital Corp. Announces It Will Not Proceed with Proposed Financing
Mississauga, Ontario--(Newsfile Corp. - October 13, 2016) - Redishred Capital Corp. (TSXV: KUT) ("Redishred" or "Company") has chosen not to proceed with the proposed private placement previously announced on September 23, 2016. The transaction and its terms were subject to shareholder and board approval, and consent to the proposed terms was not granted. The Company may consider additional financing in the future that would be determined by market conditions. The Company's management team...
2016-10-13 5:18 PM EDT
Redishred Capital Corp. Announces Proposed Financing
Mississauga, Ontario--(Newsfile Corp. - September 23, 2016) - Redishred Capital Corp. (TSXV: KUT) ("Redishred") is pleased to announce that it has entered into non-binding commitments with two investors for a private placement of up to $5,250,000 CAD in aggregate. The funds are expected to be used for the acquisition of competing shredding operations in North America and for general corporate purposes. In the short term, proceeds will be applied to pay down the Redishred's revolving credit...
2016-09-23 4:35 PM EDT
Redishred Capital Corp. ("Redishred") Announces Q2-2016 Results
Mississauga, Ontario--(Newsfile Corp. - August 26, 2016) - Redishred Capital Corp. (TSXV: KUT): Second Quarter Highlights: Total system sales (1) in the PROSHRED® system were a record $7.6 million USD in the second quarter of 2016, growing 19% over the comparative period in 2015. Scheduled (recurring) system sales for the second quarter reached a record of $3.6 million USD, growing 19% over the second quarter of 2015; Unscheduled system sales for the second quarter reached a record of $2.8...
2016-08-26 6:08 PM EDT
Redishred Capital Corp. Announces Investor Lunch and Comments on Market Position
Mississauga, Ontario--(Newsfile Corp. - June 22, 2016) - Redishred Capital Corp. (TSXV: KUT) ("Redishred" or the "Company") will be holding an investor event on June 29, 2016 at 121 Richmond Street West, Toronto, Ontario, at 12:00pm EST. The purpose of this event is to: Update current and potential investors on the financial position of the Company; Discuss PROSHRED®'s (A wholly owned subsidiary of Redishred) position in the information destruction industry; Answer questions about the...
2016-06-22 8:43 AM EDT
Redishred Capital Corp. ("Redishred") Announces Q1-2016 Results First Quarter Highlights
Mississauga, Ontario--(Newsfile Corp. - May 26, 2016) - Redishred Capital Corp. (TSXV: KUT), based in Mississauga, Ontario, Canada announces its first quarter 2016 financial results. Total system sales (1) in the PROSHRED® system were $6.9 million USD in the first quarter of 2016, growing 19% over the comparative period in 2015. Scheduled (recurring) system sales for the first quarter reached a record of $3.35 million USD, growing 22% over the first quarter of 2015; Unscheduled system sales...
2016-05-26 11:27 AM EDT
Redishred Capital Corp. ("Redishred") Announces Record Fourth Quarter and Year-End 2015 Results
Mississauga, Ontario--(Newsfile Corp. - May 2, 2016) - Redishred Capital Corp. (TSXV: KUT), based in Mississauga, Ontario, Canada announces its fourth quarter and year-end 2015 financial results. Annual Highlights: Total annual PROSHRED® system sales(1) were $24.9 million USD in 2015, growing 21% over 2014.
2016-05-02 10:04 AM EDT
Redishred Capital Corp. Announces Acquisition of RecordSHRED in Southeast Florida
Mississauga, Ontario--(Newsfile Corp. - January 4, 2016) - Redishred Capital Corp. (TSXV: KUT) ("Redishred" or "Company") has completed the acquisition of the RecordSHRED business, which includes two paper shredding trucks, shredding equipment and client relationships. As a result, the existing PROSHRED® South East Florida operation will see an increase in its annual revenue of over $400,000 per annum based on prior year results. The acquisition was financed by way of truck financing, vendor...
2016-01-04 7:03 PM EST
Redishred Capital Corp. ("Redishred") Announces Record Q3-2015 Results
Mississauga, Ontario--(Newsfile Corp. - November 26, 2015) - Redishred Capital Corp. (TSXV: KUT) ("Redishred") announces record Q3-2015 results. Third Quarter Highlights: Total system sales (1) in the PROSHRED® system were US$6.5 million in the third quarter of 2015, growing 21% over the comparative period in 2014. Scheduled (recurring) system sales for the third quarter reached a record of US$3.2 million, growing 23% over the third quarter of 2014; Unscheduled system sales for the third...
2015-11-26 5:21 PM EST
Redishred Capital Corp. Announces New PROSHRED(R) Franchise in Minneapolis-St. Paul, MN, Marking the 28th Location in the United States
Mississauga, Ontario--(Newsfile Corp. - October 1, 2015) - Redishred Capital Corp. (TSXV: KUT) announced today that its subsidiary, Proshred Franchising Corp. ("PFC"), has entered into an agreement with a new franchisee to operate a PROSHRED® shredding business. The new PROSHRED® franchise office will be located in the Minneapolis/St. Paul - Twin Cities market. The Company currently has 27 locations in operation serving 30 markets in the United States. With the addition of the Twin Cities,...
2015-10-01 5:00 PM EDT
Redishred Capital Corp. Announces Investor Networking Event
Mississauga, Ontario--(Newsfile Corp. - September 25, 2015) - Redishred Capital Corp. (TSXV: KUT) ("Redishred") is pleased to announce that it will be hosting an investor networking event on October 1st, 2015. The event is open to RediShred shareholders and interested investors who want to learn more about RediShred's heritage, strategy and growth plans. RediShred's executives and board members, including its' Chief Executive Officer, Jeffrey Hasham, will be in attendance to converse with...
2015-09-25 6:03 PM EDT
Redishred Capital Corp. Announces New Stock Option Grants
Mississauga, Ontario--(Newsfile Corp. - September 21, 2015) - Redishred Capital Corp. (TSXV: KUT) ("Redishred") has granted options to certain Directors and Officers of the Company to purchase an aggregate of common shares as set forth below. Effective June 1, 2015, Redishred has granted 700,000 stock options, at a price of $0.15, with 100% of the options vesting upon execution, with a life of five years, expiring on May 31, 2020. About Redishred Capital Corp. Redishred Capital Corp. is the...
2015-09-21 6:15 PM EDT
Redishred Capital Corp. Announces Q2-2015 Results
Mississauga, Ontario--(Newsfile Corp. - August 27, 2015) - Redishred Capital Corp. (TSXV: KUT) ("Redishred") announces Q2-2015 results. Second Quarter Highlights: Total system sales (1) in the PROSHRED® system were $6.4 million USD in the second quarter of 2015, growing 21% over the comparative period in 2014. Scheduled (recurring) system sales for the second quarter reached a record of $3.0 million USD, growing 20% over the second quarter of 2014; Unscheduled system sales for the second...
2015-08-27 4:15 PM EDT
Redishred Capital Corp. Announces Fourth Quarter and Year-end 2014 Results
Redishred Capital Corp. (TSXV: KUT) ("Redishred") announces fourth quarter and year-end 2014 results. Fourth Quarter Highlights: Total system sales (1) in the PROSHRED® system were $5.4 million USD in the fourth quarter of 2014, growing 25% over the comparative period in 2013. Scheduled (recurring) system sales for the fourth quarter reached a record of $2.6 million USD, growing 16% over the fourth quarter of 2013; Unscheduled system sales for the fourth quarter reached $1.8 million USD,...
2015-04-21 5:18 PM EDT
Redishred Capital Corp. ("Redishred") Announces Q3-2014 Results
Mississauga, Ontario--(Newsfile Corp. - November 27, 2014) - Third Quarter Highlights: Total system sales (1) in the PROSHRED® system were $5.36 million USD in the third quarter of 2014, growing 24% over the comparative period in 2013. Scheduled (recurring) system sales for the third quarter reached a record of $2.57 million USD, growing 14% over the third quarter of 2013; Unscheduled system sales for the third quarter reached a record of $1.82 million USD, growing 37% over the third quarter...
2014-11-27 8:04 PM EST