Redishred Capital Corp. Awards New PROSHRED® Franchise in Dallas, TX, Marking the Fourth New Franchise Awarded in 2011

    




 MISSISSAUGA, ON, Oct. 26, 2011 /CNW/ - Redishred Capital Corp.  is pleased to announce 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 the Dallas, TX market. The company  currently has 19 locations in operation and with the addition of this  new location, and the recently announced new Atlanta, and Phoenix  locations, PROSHRED(®) will commence 2012 with 22 locations in the United States. 

 Redishred's President John Prittie noted that, "We are very pleased to  award a PROSHRED(®) franchise to Mr. Roger Steakley.  Roger has a strong management  background and has been a long standing citizen in the greater Dallas  area. The Dallas-Ft. Worth market has a diverse base of businesses and  it is our hope that this is the first of more locations to come in the  state of Texas".  

 Roger Steakley, our new Dallas franchisee, stated "I have been looking  for a business with the opportunity to build a recurring revenue stream  that has strong benefits for the customers that use the service, both  from a compliance and environmental perspective. Furthermore, I feel  that my background in numerous senior management roles in the chemical  industry here in the Dallas-Ft. Worth area will allow me to succeed in  building my PROSHRED(®) franchise in this great market. I am looking forward to being actively  involved in the Dallas-Ft. Worth community as a PROSHRED(®) owner." 

 ABOUT OUR NEWEST FRANCHISEES 

 Roger Steakley has nearly three decades of success in the petro-chemical  industry in Texas.  For nearly 20 years, Roger worked with Celanese  Corporation in progressive positions, ranging from business  development, financial planning and mergers and acquisition. Most  recently, Roger worked with Titan Wood Inc. in Dallas, TX, and had  responsibilities ranging from planning and analysis as well as the  responsibility for the panel product line. 

 ABOUT PROSHRED 

 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 and Internationally 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 to be the 'system of choice' and provide shredding and  recycling services on a global basis. 

 During the first half of 2011, the PROSHRED(®) system shredded and recycled 10,900 tonnes of paper, which equates to  164,000 trees being saved. System sales for all PROSHRED(®) locations were just shy of $7.5M during the first half of 2011, which  is up more than $1M (19%) over the same period in 2010. 

 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 2010 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 and
           equipment to operate a Proshred franchise, and

      (ii) The addition of further locations in Texas which may be impacted
           by local and global economic 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. 

   

RediShred Capital Corp.


CONTACT:  Redishred Capital Corp. (TSX.V - KUT)Kasia Pawluk, CAChief Financial [e-mail]: [phone] Fax: [phone]Jeffrey Hasham, MBA, CAChief Executive [e-mail]: [phone] Fax: [phone] 


    

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