4th Quarter, 2018-Best Quarter of 2018
Northridge, CA, Jan. 14, 2019 (GLOBE NEWSWIRE) — Crednology Holding Corp. (OTC Pink: COHO; “Crednology”) is pleased to announce that revenues and profits for the last quarter of 2018 showed a significant improvement over previous quarters in 2018.
New customers for our recycling division together with more work from existing clients of the cloud computing division made the last quarter our best quarter yet.
Orie Rechtman, CEO of Crednology commented: “This strong finish to our 2018 Fiscal Year bodes well for 2019. The increase in business during the last quarter came primarily from new projects we landed in our technology division while the recycling business realized growth from new clients and generated opportunities from the existing client base. We expect significant growth in our technology division in 2019 while we continue to see steady growth in the recycling division.”
Orie continued: “We continue to search for new acquisition opportunities and will provide news and updates as soon as information is available. Stay Tuned. Much more news to come in 2019.”
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
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