California Recycle Starts Working with Loyola Marymount University Immediately
Northridge, CA, (GLOBE NEWSWIRE) - Crednology Holding Corp. (OTC Pink: COHO; "Crednology") announces that our wholly owned subsidiary, California Recycles, Inc., has signed a new multi-year contract to provide Electronic Waste Recycling to Loyola Marymount University. The scope of work calls for an immediate start with a very large quantity of E-Waste that has been accumulated by the University over the past quarter and managing the flow of E Waste in the future.
Orie Rechtman, CEO of Crednology commented: “This is a very large contract and we are honored to be selected by this world renowned institution. It will very likely open doors with other privately held higher educational institutions which we are pursuing.”
Orie continued: “Our response to the slowness in the market, primarily due to the tariff wars with China, is simply to increase market share and bring in more product. We expect this contract to have an immediate positive impact on our financial results for this year and in the future. Stay Tuned for more news.”
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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SOURCE: Crednology Holding Corp