Crednology Holding Corp. offers Updates

Crednology Continues its Upward Momentum

Northridge, CA, Jan. 17, 2018 (GLOBE NEWSWIRE) --  Crednology Holding Corp. (OTC Pink: COHO; "Crednology").  2017 has been an excellent year for your Company.  Revenues and EBITDA continue to grow and better results are expected in 2018 with some significant contracts in negotiation at this time.

The greatest growth has come from our E waste division.  Since acquiring California Recycles we have increased business by over 50% and expect to continue that growth during 2018.  We are currently negotiating two acquisitions which will enhance our current business.  We expect to be able to provide more information over the next thirty days.

Our cloud computing business has been steady but our proposed acquisition is now uncertain due to information that was discovered during the final due diligence process.  If this transaction does not close we will be looking at other similar acquisitions to help grow that side of our business.

Orie Rechtman, CEO of Crednology Holding Corp. commented, “2017 has been an excellent year.  We are delighted with the progress of the Company.  2018 is looking to be potentially better than 2017 with potential higher revenue and EBITDA.  Our constant wish is to achieve results that will enhance shareholder value.  I would like to personally thank all our shareholders who have supported our Company in 2017 and hope that you will continue that support in 2018.”

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.

The market for cloud computing is growing at a staggering pace.  In 2015 the industry experienced a rapid growth of 33% with the segment of business reaching over $16 billion by the year end.   This market trend is expected to continue with growth of approximately 30% expected annually for the next few years.   E-Waste is growing at a significant pace with double digit increases anticipated annually over the next few years.

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.


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