Redishred Capital Corp ('Redishred' or 'Company') (TSXV: KUT) announced today the completion of the acquisition of Proshred Connecticut from its franchisee.

The Connecticut location for the year 2019 earned $2 million USD in revenue and currently operates 6 trucks.

The consideration paid included cash and earnout. The acquisition includes on-site paper shredding trucks, client relationships and other assets used in the shredding business. Redishred views this acquisition as accretive to Redishred's cash flows and earnings per share.

About Redishred

Redishred Capital Corp. is the owner of the PROSHRED trademarks and intellectual property in the United States and Internationally. PROSHRED shreds and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. PROSHRED is a pioneer in the mobile document destruction and recycling industry and has the ISO 9001:2015 certification. It is PROSHRED's vision to be the 'system of choice' and provide shredding and recycling services on a global basis. PROSHRED currently services over 40 markets in the United States. Redishred Capital Corp. grants PROSHRED franchise businesses in the United States and by way of license arrangement in the Middle East. Redishred Capital Corp. also operates seven corporate shredding businesses directly. The Company's plan is to grow its business by way of both franchising and the acquisition and operation of document destruction businesses that generate stable and recurring cash flow through a scheduled client base, continuous paper recycling and concurrent unscheduled shredding service.

Contact:

Tel: (416) 204-0076

Fax: (905) 812-9448

This news release contains forward looking statements that reflect the current expectations of management of Redishred and Redishred's future results, performance, achievements, prospects and opportunities. Wherever possible, words such as 'may', 'will', 'estimate', 'believe', 'expect', 'intend' and similar expressions have been used to identify these forward looking statements. These statements reflect current beliefs and are based on information currently available to management of Redishred. Forward looking statements necessarily involve known and unknown risks and uncertainties. A number of factors, including those discussed in the 2018 management discussion and analysis under 'Risk Factors', could cause actual results, performance, achievements, prospects or opportunities to differ materially from the results discussed or implied in the forward looking statements. These factors should be considered carefully and a reader should not place undue reliance on the forward looking statements. There can be no assurance that the expectations of management of Redishred will prove to be correct.

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