REDISHRED CAPITAL CORP. ANNOUNCES NEW APPOINTMENTS

MISSISSAUGA, ON, March 31 /CNW/ -- 
MISSISSAUGA, ON, March 31 /CNW/ - Redishred Capital Corp. (TSXV: KUT) is
 pleased to announce the appointment of Mr. Jeffrey Hasham as its new
 Chief Executive Officer, effective April 1, 2011. Mr. Hasham has been
 Redishred Capital Corp.'s ("Redishred") Chief Financial Officer since
 March 2008. Mr. Hasham has also been appointed to the Board of
 Directors of Redishred, effective April 1, 2011.


Mr. Hasham has spent the past 10 years in the franchising industry,
 working with many well known brands such as Two Men and a Truck,
 Mini-Tankers and Wine-Kitz. For the last six years, Mr. Hasham has been
 working with the PROSHRED® system. As Chief Financial Officer for PROSHRED® and Redishred, Mr. Hasham has been actively involved in leading the
 growth that has seen the PROSHRED® system grow from six US locations in 2005 to 18 US locations as at the
 end of 2010. Mr. Hasham was also instrumental in completing Redishred's
 qualifying transaction, the purchase of PROSHRED®, in 2008 and subsequently raising a further $4.9 million dollars in
 2009 to fund Redishred's recent acquisition program.


Mr. Robert Crozier, will be stepping down as the Chief Executive
 Officer, but will continue to be an active member of the Board of
 Directors and will provide transitional support to Mr. Hasham moving
 forward.  The Board commented that "We are extremely pleased that Jeff
 has assumed the role of CEO, and we are positive that Jeff will
 continue to drive Redishred's growth plans going forward.  Jeff's
 knowledge of, and experience in, the franchising and shredding
 industry, and his long standing tenure at Proshred were critical in our
 decision with his appointment. Furthermore, the Board would like to
 thank Mr. Crozier for fulfilling the role of CEO since 2009; Mr.
 Crozier has done an outstanding job, seeing Redishred through its
 re-financing in 2009 as well as guiding the company through its first
 three acquisitions."


In addition to the appointment of Mr. Hasham to Chief Executive Officer,
 Redishred is also pleased to announce the appointment of Ms. Kasia
 Pawluk, CA, to the position of Chief Financial Officer. Ms. Pawluk
 joined Redishred in October of 2010, and has been heavily involved in
 the integration of the acquisitions conducted in 2010, prior to that;
 she spent three years with one of the world's largest public accounting
 firms, in their audit and assurance practice and led various clients
 through their International Financial Reporting Standards conversions.


Redishred Capital Corp. is the owner of the PROSHRED® trademarks and intellectual property in the United States. PROSHRED® shreds and recycles confidential documents and proprietary materials
 for thousands of customers in all industry sectors. PROSHRED® has 18 locations across the United States, three are corporately owned
 and operated by Redishred Capital Corp, and the remaining 15 locations
 are owned and operated by franchisees.  Redishred also has licensed the
 PROSHRED® and REDISHRED platform in the Middle East.


PROSHRED® is a pioneer in the mobile document destruction and recycling industry
 and has the ISO 9001:2008 certification. In addition to the ISO
 certification, all of our franchise and corporate locations in the
 United States are NAID certified. It is PROSHRED®'s vision is to be the "system of choice" and provide shredding and
 recycling services on a global basis.





Note: Neither TSX Venture Exchange nor its Regulation Services Provider
 (as that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this
 release. The appointment of Kasia Pawluk to the position of CFO is
 interim until TSX-V approval for the appointment is obtained.      


To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/March2011/31/c8374.html



p Redishred Capital Corp. (TSX.V - KUT)br/ Jeffrey Hasham, MBA, CAbr/ 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 p or, /p p Redishred Capital Corp. (TSX.V - KUT)br/ Kasia Pawluk, 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 

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