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 Mr Rechtman's loan has now been replaced by a conventional loan.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
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