RediShred Capital Corp. Completes Initial Public Offering

    HALIFAX, Sept. 4 /CNW Telbec/ - RediShred Capital Corp. (the
"Corporation") announced today that it has completed its initial public
offering of 4,500,000 common shares at a price of $0.20 per share for gross
proceeds of $900,000. Canaccord Capital Corporation acted as the agent for the
Corporation for the initial public offering on a best effort basis. The
Corporation had previously issued 5,500,000 common shares on a private
placement basis for gross proceeds of $600,000.
    The TSX Venture Exchange has accepted the Corporation's application for
listing as a capital pool company under Exchange Policy 2.4 Capital Pool
Companies. As a capital pool company, the Corporation is not permitted to
carry on any business other than the identification and evaluation of assets
or businesses for the purpose of completing a qualifying transaction under the
CPC Policy. The Corporation has disclosed that its objective is to complete a
qualifying transaction involving the acquisition of a document destruction
    The common shares of the Corporation will be listed and posted for
trading commencing on Wednesday, September 5, 2007 under the trading symbol

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00025575E

For further information:

For further information: Mark J. MacMillan, Chief Executive Officer, 
RediShred Capital Corp., (902) 406-3347

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