redishred capital corp (KUT) Snapshot

RediShred Capital Corp. reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company's system sales was $4,023,517 compared to $3,653,979 a year ago. Total franchise and license revenue was $233,514 compared to $295,114 a year ago. Operating loss was $181,740 compared to $176,813 a year ago. Net loss was $220,417 compared to $823,470 a year ago. Net loss ­ excluding one-time costs was $220,417 or $0.01 per share compared to $403,508 or $0.03 per share a year ago.

RediShred Capital Corp. reported earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total franchise and license revenues of $281,015, operating loss of $278,851 and net income of $969,287 or $0.04 per share against total franchise and license revenues of $600,414, operating loss of $90,563 and net income of $423,409 or $0.01 loss per share for the same period a year ago. EBITDA was $129,233 against $166,411 for the same period a year ago. For the full year, the company reported total franchise and license revenues of $1,128,055, operating loss of $978,326 and net loss of $2,802,536 or $0.10 per share against total franchise and license revenues of $1,367,588, operating loss of $703,730 and net loss of $445,083 or $0.02 per share for the same period a year ago. EBITDA was $603,582 against $781,652 for the same period a year ago. The company also provided impairment charges for the fourth quarter ended December 31, 2012. For the quarter, the company's impairment of goodwill was $232,103 against $247,688 a year ago. Impairment of intangible assets was $312,904 against $836,919 a year ago.

RediShred Capital Corp., Annual General Meeting, May 28, 2013., at 14:00 Atlantic Standard Time. Location: The Courtyard Marriott, 5120 Salter Street. Agenda: To receive the consolidated financial statements for the financial year ended December 31, 2012; to elect the Directors; to appoint the auditors Grant Thornton LLP, for the forthcoming year and to authorize the Directors to fix their remuneration; to approve Stock Option Plan; and to transact such other business as may properly be brought before the Meeting or any adjournment thereof.