REDISHRED CAPITAL CORP. ANNOUNCES LICENCING AGREEMENT FOR THE MIDDLE EAST

MISSISSAUGA, ON, Nov. 15 /CNW/ -- 
MISSISSAUGA, ON, Nov. 15 /CNW/ - Redishred Capital Corp. (TSX.V - KUT)
 announced today that its subsidiary, Professional Shredding Corporation
 ("PSC"), has entered into a license agreement with Averda International
 FZ-LLC ("Averda") to operate PROSHRED(®)'s  shredding and recycling business platform in 15 countries and 4
 territories throughout the Middle East.  This marks Redishred's first
 foray into international markets and serves as the launch of the PROSHRED(®) and REDISHRED brand worldwide.  Redishred anticipates that Averda will commence
 shredding operations in early 2011.


Redishred's CEO, Robert Crozier, commented, "We are pleased to have
 awarded our first international licensee that will expand the PROSHRED(®) and REDISHRED brands in the Middle East.  On top of that we are thrilled that Averda
 will be our licensee. Averda has an outstanding reputation in the
 Middle East as a custodian of the environment and are truly an
 innovative leader in the waste management and recycling industry.
 Averda's vision for environmental and social responsibility is
 congruent with our vision and core values."


Redishred's President, John Prittie who is responsible for franchising
 and licensing for Redishred further noted, "This exclusive license
 agreement represents Redishred's first steps into global markets and is
 in keeping with PROSHRED(®)'s vision to be a global leader providing businesses and consumers with
 secure destruction and recycling services for their confidential
 information and proprietary materials."


Malek Sukkar, CEO of Averda, pointed out that "this agreement
 constitutes a perfect fit to our aggressive expansion plans into
 related sectors of activity in our operating territory and beyond.
 Confidential document destruction, along with our vast array of
 services currently offered, will complement and enhance Averda's value
 proposal to its existing and potential clients. We will be integrating
 even further activities in the near future and are very keen on
 choosing the best possible partner for each. We are happy to be
 associated with industry pioneers such as Proshred and strongly believe
 such a long term alliance will generate mutual value".    


About Redishred:( )


Redishred Capital Corp. is the owner of the PROSHRED(®) trademarks and intellectual property in the United States and
 internationally (with the exception of Canada).  PROSHRED(®) shreds and recycles confidential documents and proprietary materials
 for thousands of customers in the United States in all industry
 sectors.  PROSHRED(®) is a pioneer in the mobile document destruction and recycling industry
 and has the ISO 9001 certification. In addition to the ISO
 certification, most of our franchise and corporate locations are NAID
 AAA certified.  It is PROSHRED(®)'s vision is to be the 'system of choice' and provide shredding and
 recycling services on a global basis. Additionally, PROSHRED(®) prides its self on its contribution to the protection of the
 environment by way of recycling the products it destroys.  During the
 first half of 2010, PROSHRED(®) locations shred and recycled 9,900 tons of paper, equating to 149,000
 trees being saved.


About Averda:


Averda entered the waste management business more than three decades ago
 and today provides commercial and municipal waste management services
 to Lebanon, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
 Averda's waste and resource management business has expanded rapidly
 during the last few years, growing from its Lebanese roots to a base
 which now stretches across the Middle East and North Africa ("MENA")
 region. From high-volume municipal waste to specialized industrial
 needs, Averda benefits governments, municipalities, businesses, NGOs
 and residential communities in the MENA region by delivering a full
 range of environmental services. Averda has brought new and increased
 standards to the cleaning, collection, recovery and disposal of waste
 through its environmentally sound practices that are more caring for
 our ecosystems.


Averda has built an integrated waste management business and is
 expanding rapidly throughout the MENA and aims to become the region's
 leading environmental services company for both private and public
 sectors.


Additional information can be found at www.averda.com


Note: The TSX Venture Exchange has neither approved nor disapproved of
 the information contained herein.  


This news release contains forward looking statements that reflect the
 current expectations of management of Redishred and Redishred's future
 results, performance, achievements, prospects and opportunities. 
 Wherever possible, words such as "may", "will", "estimate", "believe",
 "expect", "intend" and similar expressions have been used to identify
 these forward looking statements. These statements reflect current
 beliefs and are based on information currently available to management
 of Redishred.  Forward looking statements necessarily involve known and
 unknown risks and uncertainties. A number of factors, including those
 discussed in the 2008 management discussion and analysis under "Risk
 Factors", could cause actual results, performance, achievements,
 prospects or opportunities to differ materially from the results
 discussed or implied in the forward looking statements. These factors
 should be considered carefully and a reader should not place undue
 reliance on the forward looking statements. There can be no assurance
 that the expectations of management of Redishred will prove to be
 correct.


In particular, certain statements in this document discuss Redishred's
 anticipated outlook of future events. These statements include, but are
 not limited to: 



(i) The commencement of operations may be delayed by the licensee's
    inability to complete initial training, or their inability to
    secure the required facilities and equipment to operate the
    Proshred platform.





Readers are cautioned that such forward looking statements are subject
 to certain risks and uncertainties that could cause actual results to
 differ materially from these statements. Redishred can give no
 assurance that actual results will be consistent with these
 forward-looking statements.




pRedishred Capital Corp. (TSX.V - KUT)br/ Jeffrey Hasham, CAbr/ Chief Financial Officerbr/ a href="mailto:[e-mail]"[e-mail]/abr/ a href="http://www.redishred.com"www.redishred.com/abr/ Phone: [phone] Fax: [phone]/p pRobert Crozierbr/ Chief Executive Officerbr/ a href="mailto:[e-mail]"[e-mail]/abr/ a href="http://www.redishred.com"www.redishred.com/abr/ Phone: [phone] Fax: [phone]/p

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