Crednology Company Signs E-Waste Contract

A subsidiary of Crednology Holding Corp. entered into an agreement with a Conejo Valley school district to provide e-waste collection services. California Recycling Inc., in Northridge, started collecting e-waste at an event sponsored by the Oak Park Unified School District on Feb. 4 for residents in Agoura Hills and Thousand Oaks. Several truckloads of equipment was collected at the event, which took place at Oak Park High School. Crednology, also in Northridge, acquired California Recycling in November in a deal valued at $250,000. The e-waste collector will handle all the events sponsored by the Oak Park School District. Chief Executive Oriel Rechtman said the company was excited by the response to the first event with the school district. “Crednology looks forward to many more events and expects the amount of e-waste collected at each event to increase as the community gets to know us,” Rechtman said in a prepared statement. In addition to the California Recyling subsidiary, Crednology also owns 4Service, a cloud computing hosting company, and ITatOnce, which deploys and manages on-premises cloud computing environments. It trades on the over-the-counter market.