REDISHRED CAPITAL CORP. ANNOUNCES NEW PROSHRED® FRANCHISE LOCATION IN INDIANAPOLIS, INDIANA

MISSISSAUGA,ON, May 16 /CNW/ -- 
MISSISSAUGA,ON, May 16 /CNW/ - 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 Fishers, Indiana; a suburb of
 Indianapolis.   The company currently has 18 locations and with the
 addition of Indianapolis, IN PROSHRED(®) continues to develop its footprint across the United States.  
 Redishred expects its new franchisee to commence operations in
 Indianapolis in June 2011.


Redishred's President John Prittie commented, "We are very pleased to
 award our first new franchise for 2011 which marks our fourth location
 in the Midwest.  We are looking to further develop the Midwest region
 in addition to our Kansas City, Chicago, Indianapolis and Milwaukee
 locations". 


Ken Carite, the new Indianapolis franchisee, stated "I searched for over
 a year to identify the right business model for my new business
 endeavor.  I selected Proshred because I think document security is
 relevant in today's world of identity theft.  I firmly believe that
 there is solid demand for a "best in class" service in Central
 Indiana.  Proshred is attractive because it has a solid infrastructure
 and support system in addition to a successful base of existing
 locations.  I look forward to duplicating the Proshred model in
 Indianapolis and growing a great business."


ABOUT OUR NEWEST FRANCHISEE
Ken Carite is an experienced Sales and Marketing Executive with over 25
 years experience leading the sales and marketing efforts of sales teams
 across local, national and international markets.  Most recently Ken
 was Director of North American Sales for SAP, the world's leading
 Enterprise Software provider.  He has also held Sales Leadership roles
 with Roche Diagnostics, Great Plains Software and FourthChannel.  He
 has been a resident of the Indianapolis area since 1994 and looks
 forward to building on his personal mission of "improving the lives of
 customers, employees and our community" through the efforts of PROSHRED(® )- Indianapolis.


SERVICES
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 the United States in all industry
 sectors. 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, most of our franchise and corporate locations 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: 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 which may be delayed by the
         franchisees inability to secure the required facilities to
         operate a Proshred franchise, and

(ii)     The development of further locations which may not be attained
         due to negative local economic circumstances that may limit
         the number of qualified franchisee candidates.





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.


 


To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/May2011/16/c5000.html



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 p 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 

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