Proshred Opens New Franchise In Southern New Jersey

Redishred Capital Corp. (TSX.V - KUT) announced today that its subsidiary, Proshred Franchising Corp. ("PFC"), has entered into an agreement with a new franchisee to operate a PROSHRED(R) shredding business. The new PROSHRED(R) franchise office will be located in the Southern New Jersey market. The company currently has 26 locations in operation and with the addition of New Jersey, PROSHRED(R) continues to develop its footprint across the United States. Redishred expects its new franchisee to commence operations in the second quarter of 2014.

Redishred's Vice President of Sales & Operations, Andrew Parry, commented, "We are very pleased to increase our footprint, brand exposure and service density in the northeast and build upon the PROSHRED(R) strength in the Mid Atlantic and North East areas. We continue to develop our capabilities across the country by awarding franchise rights to high caliber executives and entrepreneurs who embody PROSHRED(R)'s 5-star customer experience and service quality. We are excited about the addition of Simone and Howard." Simone and Howard Bryerman, our newest franchisees, stated that, "they were attracted to PROSHRED(R) as a B2B business due to the huge growth potential as a scalable model. It is a business that rewards hard work and if you put the effort into the business, it will lead to greater returns." ABOUT OUR NEWEST FRANCHISEES Simone Bryerman is originally from London, England where she started a design and printing business. After selling her company, she travelled before meeting her husband in New York and moving to the US. Married to Howard Bryerman, she has eight year old twins, Daniel and Elizabeth.

Howard Bryerman is an investment professional with 20 years of experience as a high yield bond portfolio manager and analyst. He has worked in the Asset Management divisions of several global banking institutions including Deutsche Asset Management, Wells Fargo Asset Management, Bank of New York Capital Markets and Penn Capital Management. Howard has a BS in Accounting from the University of Connecticut and an MBA in Finance from New York University's Stern Graduate School of Business. In addition he is a Chartered Financial Analyst (CFA) and a Certified Public Account (CPA).

SERVICES Redishred Capital Corp. is the owner ofthe PROSHRED(R) trademarks and intellectual property in the United States. PROSHRED(R) shreds and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. PROSHRED(R) is the pioneer of the mobile document destruction and recycling industry and has the ISO 9001:2008 certification. In addition to the ISO certification, most of our franchise and corporate locations are NAID certified. It is PROSHRED(R)'s vision is to be the 'system of choice' and provide shredding and recycling services on a global basis.

FOR FURTHER INFORMATION PLEASE CONTACT: Redishred Capital Corp. (TSX.V - KUT) Kasia Pawluk, CA Chief Financial Officer [email protected] www.redishred.com Phone: (416) 204-0076 Fax: (905) 812-9448 or Jeffrey Hasham, MBA, CA Chief Executive Officer

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