Crednology Updates Shareholders on It’s Reg A Filing

California Recycles Signs New E Waste contract with a large Aerospace Company in Los Angeles

Northridge, CA, July 01, 2019 (GLOBE NEWSWIRE) -- (OTC Pink: “COHO”; "Crednology" or the “Company”) confirms that COHO is still working on the approval of it’s Reg A financing submission to the SEC. The delay in obtaining the approval is due to one remaining issue relating to the number of shareholders of COHO which the Company is trying to resolve.

On a really positive note, Coho is pleased to confirm that it has added another significant piece of business to its E waste division with the signing of a new contract with a large aerospace company located in Los Angeles.

Orie Rechtman, CEO commented: “The remaining issue with the SEC in regards to the Reg A approval relates to the number of shareholders the Company had when the Form 15 was filed back in 2010. The number must be below 500. We are currently trying to resolve this issue.”

Orie continued: “More exciting news relates to our results for the first six months of Fiscal 2019 which will be very strong. The new business we have signed both in our Cloud computing and E waste divisions, including our new contract with a large aerospace company, bodes well for continuing growth and improved EBITDA during 2019. As always we strive for improved Shareholder value.”

About Crednology Holding Corp.

Crednology Holding Corp, a Delaware corporation, is a public holding company that has been dedicated to enhancing shareholder value through a strategic combination of organic growth, mergers and profitable acquisitions. 

The Company is engaged in the cloud computing segment of the technology sector as well as the Electronic Waste and Recycling business. The main products and services include cloud computing and virtual environment, disaster recovery and business continuity and managed services to corporate accounts as well as the recycling and disposal of E-Waste and other materials.

Essentially cloud computing is a way to save and/or access data from remote servers. The company’s Private Cloud solution provides fully working environment through our data centers located around the USA as well as real time redundancy and replication of the client’s data which will eliminate loss of data and minimize down time close to zero. Cloud computing is growing at a staggering pace. The industry is experiencing rapid growth with the cloud segment of business achieving a growth of over 20% per annum. E-Waste is going through changes as a result of the tariff struggles between China and the US. We are planning to grow our recycling business by future investments in paper and cardboard recycling.

Safe Harbor and Informational Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.

The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

For more information contact

Oriel Rechtman