|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0006 - 0.0007|
|52 Week Range||0.0001 - 0.9900|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 15, 2018 - Aug 20, 2018|
|Forward Dividend & Yield||N/A (3.22%)|
|1y Target Est||N/A|
Over the last two weeks Crednology provided limited details about the financing of the acquisition of the business of Evolve Partners due to the confidential requirements of the transaction. The acquisition was financed personally by Mr. Orie Rechtman, our CEO. Mr. Rechtman loaned the Company $65,000 at 10% per annum with payments of $4,000 per month for eighteen months. Orie Rechtman, CEO of Crednology Holding Corp. stated: “I fully believe in our business and our future growth potential and that is why I was willing to invest my own money to purchase this business. The Evolve business was an important acquisition as it enables us to spread more business over our current resources. This is resulting in economies of scale with the potential for more business from the current client base and prior clients of Evolve. We continue to evaluate other potential acquisitions and will provide more details as they become available.
"Crednology"), is pleased to announce that it has closed the acquisition of the IT Company business. Crednology announces the acquisition of all the assets and goodwill of Evolve Partners, Inc. Orie Rechtman, CEO of Crednology Holding Corp. commented, “We have been working on this transaction for a long time and I am pleased with the timing and the stable state of the company business we have acquired.
The First Quarter revenues reflect the slower market for the recycling business, industry-wide, as a result of the trade conflicts with China, however, controlling our expenses, resulted in an EBITDA of $38,353 for the three months ended March 31, 2018 compared to $15,115 for the three months ended March 31, 2017, a 254% EBITDA improvement from last year. Orie Rechtman, CEO of Crednology Holding Corp. commented: “Although the year started slowly, business has improved significantly since the beginning of April, with a 60% increase in the E-Waste division’s revenues.
"Crednology"). Crednology is pleased to announce the acquisition of a company in the cloud computing business. We have been negotiating this transaction for some time and have finally agreed terms and the transaction will close on May 31, 2018. Orie Rechtman, CEO of Crednology Holding Corp. commented, “I am excited to confirm that we have reached a final agreement on this transaction. We have been negotiating for some time but our due diligence process resulted in a very significant lowering of the purchase price. Last year the target company went through restructuring, after the company saw a significant reduction of revenues. This occurred due to their two largest clients, responsible for 70% of their total revenue, not renewing their contracts and bringing IT support in-house.
Northridge, CA, May 01, 2018-- Crednology Holding Corp... This goal of this letter is to provide clarity and additional information on previous listings that our organization had in Europe and to share ...
Crednology Holding Corp. , is pleased to announce that the unaudited financial results for the six months ended June 30, 2017 have been filed. The results show significant improvements over last year.
Crednology Holding Corp. , is excited to announce that we have signed a Letter of Intent to acquire a company providing cloud based services to various customers. The acquisition currently uses Crednology's ...