Saturday, May 25, 2019
Home Entertainment Crednology Holding Corp. improves the cloud infrastructure by investing heavily in our...

Crednology Holding Corp. improves the cloud infrastructure by investing heavily in our Santa Clara Data Center

California Recycles adds new customers

Northridge, California, April 25, 2019 (GLOBE NEWSWIRE) – Crednology Holding Corp. (OTC Pink: COHO, "Crednology") announces that it has invested heavily in new technologies at the Santa Clara Data Center.

This new technology will double the company's current capacity, increase speed, storage and disaster recovery services, and reduce operational costs by up to $ 50,000 annually.

The initial investment was funded by Orie Rechtman to use a substantial discount offered by the seller for a limited period of time. Mr Rechtman's loan has now been replaced by a conventional loan.

Our ability to meet the needs of current and future customers at a lower cost provides us with a great platform to build on.

The company has a strong April in the recycling business. Earth Day on April 22 is always adding to our business as more businesses and individuals see this day as a very good time to recycle electronic waste products.

California Recycles also added new customers.

The City of Thousand Oaks, Department of Public Works, has signed an agreement to deliver all of their e-waste products to California Recycles.

NantWorks, the parent organization of several ecosystem companies, has started California Recycles for us to manage all their e-waste products. In the first work several large truck loads had to be recycled immediately. We worked with this new customer last week.

Orie Rechtman, CEO, commented, "With improved infrastructure in our cloud computing department, we continue to look to the future. Not only have we reduced overhead costs, but we have also been able to do much more business more efficiently and improve profit margins because of the cost savings. "

Orie added, "Our recycling division continues to grow. These two new customers improve sales, which leads to more profit. As always, we strive for improved enterprise value. "

About Crednology Holding Corp.

Crednology Holding Corp., a Delaware-based company, is a public holding company whose mission is to increase shareholder value through a strategic combination of organic growth, mergers and profitable acquisitions.

The company is active in the cloud computing sector of the technology sector as well as in the area of ​​electronic waste and recycling. Key products and services include cloud computing and virtual environments, disaster recovery and business continuity, and managed corporate account services, as well as the recycling and disposal of e-waste and other materials.

In essence, cloud computing is a way to store and / or access data from remote servers. The company's private cloud solution provides a fully functional environment through our US-based data centers and real-time redundancy and replication of customer data, eliminating data loss and minimizing downtime to near zero. Cloud computing is growing at a breathtaking pace. The industry is experiencing rapid growth. The cloud segment is growing at over 20% per year. E-waste is undergoing changes due to tariff struggles between China and the US. We plan to expand our recycling business through future investments in paper and paperboard recycling

Safe Harbor and informative explanation

This news release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including any statements that make no representation as to historical facts regarding the intent, belief or current expectations of the Company , its directors or officers, including, but not limited to: (i) the Company's financing plans; (ii) trends that affect the financial conditions of the company or the results of operations; (iii): growth strategy and operational strategy of the company; and (iv) the declaration and payment of dividends.

The words "may," "would," "will," "expect," "expect," "estimate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that such forward-looking statements are not a guarantee of future future performance and involve risks and uncertainties, many of which are beyond the control of the Company, and that actual results may differ materially from those projected in the Schedule. Insight into statements based on various factors, including the risk identified in the Company's statements and reports on the OTC markets. The Company, for all forward-looking statements, claims the safe harbor provided in accordance with Section 21E (c) of the Exchange Act.

For more information contact




Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Must Read

Several injured in explosion in downtown Lyon

At least 13 people were injured in an explosion in the French city of Lyon on Friday night, police said. The Paris prosecutor announced...

Opel Corsa-e: Lightning Strike |

What did not Opel with his Ampera-e caused a stir. Lush range, stylish design and high everyday utility - on such an electric car...

Lionel Messi reveals who is to blame for the collapse of the Liverpool Champions League | Football | Sports

Valverde may be out of action, though he can keep the La Liga title and reach the final of the Copa del Rey.Despite continued...

Boeing 737 Max's return to the air is delayed by reviewing the 737 NG pilot

The return of the Boeing 737 Max to commercial air service is reported to be further delayed by the Federal...