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Crednology Holding Corp. Provides Business Update

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.”

/EIN News/ -- 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

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
ir@credholdingcorp.com

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