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California Recycles wins bid For Healthnet’s Woodland Hills Facility
Northridge, CA, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Crednology Holding Corp. (OTC Pink: COHO; "Crednology") is pleased to announce that it has signed a new contract with Healthnet to manage E waste at their Woodland Hills Facility. The initial items to be disposed of will result in revenue increases that will be reflected in our first quarter results for 2019.
Orie Rechtman, CEO of Crednology commented: “We continue to grow the business adding new customers to both our E waste and Cloud computing divisions. The impeccable reputation of our E waste division is allowing us to win bids for new customers when we are not necessarily the lowest price bid and our “hands on” professional service to our cloud computing customers makes us a better alternative to many of our competitors.”
Orie further stated: “We continue to look for acquisition opportunities and are actively working with three potential targets. We will of course update you as soon as we have more definitive information. Stay Tuned for further updates.”
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
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