REDISHRED CAPITAL CORP. ANNOUNCES NEW MIDDLE EAST LICENSEE

Redishred Capital Corp (“Redishred”), a publicly listed company on the Toronto Stock Exchange has recently transferred its Middle East PROSHRED® License to Shredex Documents Destroying Services LLC (“SHREDEX®”).

SHREDEX® has been in the secure document shredding industry in the Middle East since 2010 and has grown rapidly to become a regional leader earning the trust of hundreds of businesses across the region.

Both PROSHRED® and SHREDEX® offer secure, cost efficient and convenient systems that ensure the collection, on-site shredding and eventual recycling of all unwanted paper flow and outdated electronic media in offices and archiving storage thus ensuring their clients abide by local and international information security regulations.

Commenting on the new agreement Mr. Jeffrey Hasham, CEO of PROSHRED said “PROSHRED® first entered the Middle East market in 2011, in UAE, Saudi Arabia, Qatar, Oman and Lebanon.  What we learned is that there were many Multi-National Corporations that required our services and they did not have many, if any options; there were also numerous Regional and National Corporations that wanted the service to ensure good risk management practice and to have a green solution for their paper and electronics”.

He added “We have always applied strict procedures to protect our customers and it was a natural alliance with SHREDEX® given the shared values; both companies take the security of their clients very seriously. As a consequence, the previous contract held by Averda International FZ-LLC now stands cancelled”.

“We have made it our mission to provide the most secure confidential document and electronic media shredding and recycling services to as many businesses as possible in the GCC and MENA region” stated Anis El Solh, Managing Director of SHREDEX. He added “today we bring our commitments of security to even higher levels with the exclusive license from PROSHRED® whom, as a worldwide brand, has been a pioneer in the industry for over 30 years serving tens of thousands of customers”.

The initial expansion in the Middle East was led by the current SHREDEX® team who were managing PROSHRED® in the region.  Mr. Hasham added “We are thrilled to partner with SHREDEX® who is now our Licensee in the region; their team brings not only a wealth of experience in the market, but also a passion for customer service and a drive for the merits and benefits of secure information destruction using the on-site method.  We are confident that the SHREDEX® team will do a tremendous job taking PROSHRED® to the next level in the Middle East market.”

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