Redishred Capital Corp. Announces Acquisition of Proshred Charlotte

Redishred Capital Corp ("Redishred" or "Company") (TSXV: KUT) announced that its wholly owned subsidiary, Proshred Charlotte Inc., has completed the acquisition of the Proshred Charlotte business from an existing franchisee for an aggregate purchase price of $1,300,000. With this acquisition, Redishred will operate its sixth corporately owned location under the PROSHRED(R) banner. PROSHRED(R) currently has 25 locations in the United States and 5 in the Middle East.

In order to finance the acquisition, Proshred Charlotte Inc. has obtained loans aggregating $1,250,000 from a group comprised of members of Redishred's Board of Directors and their affiliates and associates. The loans are secured by the acquired assets and are without recourse to Redishred or its subsidiaries, other than Proshred Charlotte Inc.

The PROSHRED(R) Charlotte business has been servicing the greater Charlotte area since 2006 and has over 1,200 clients.

Mr. Jeffrey Hasham, CEO of Redishred had the following comments on the acquisition, "we at Redishred and Proshred would like to thank Mr. David Wright, our departing franchisee, for his outstanding client service and for representing the Proshred brand and system at the very highest level. Our goal is to continue to service our Proshred clients in the Charlotte area at this same high standard and build on the foundation created by David."

Services

Redishred Capital Corp. is the owner of the PROSHRED(R) trademarks and intellectual property in the United States. PROSHRED(R) shreds and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. PROSHRED(R) is a pioneer in the mobile document destruction and recycling industry and has the ISO 9001:2008 certification. It is PROSHRED(R)'s vision to be the 'system of choice' and provide shredding and recycling services on a global basis.

FOR FURTHER INFORMATION PLEASE CONTACT:

Redishred Capital Corp. (TSX.V - KUT)

Jeffrey Hasham, MBA, CA

Chief Executive Officer

[e-mail]

www.redishred.com

Phone: [phone] Fax: [phone]

or,

Redishred Capital Corp. (TSX.V - KUT)

Kasia Pawluk, CA

Chief Financial Officer

[e-mail]

www.redishred.com

Phone: [phone] Fax: [phone]

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 2012 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:

1. (i)The growth in the Charlotte market, which may be impacted by negative economic circumstances, industry growth levels and commodity paper prices which will vary with market conditions.

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.