GRAY, GA / ACCESSWIRE / May 19, 2014 / Crednology Holding Corporation (OTC: COHO) announced results for the quarter ended March 31, 2014, which showed a 13.38% increase in revenues and a 146.36% increase in net income for the same period in 2013.
As a result of improved overall operating efficiencies and a suspension of stock based compensation, the Company also reported a working capital ratio increase of 42.24% in the first quarter of 2014.
CreditDNA, Inc. launched its new website at www.creditdna.us introducing additional financial software and programs for our current and future members. "With the latest technology, we have expanded into the financial management arena", CTO Kenneth Ward says, “the feedback from our current members and partners is very encouraging and resourceful in growing the business."
ScoreNavigator, Inc. has incorporated the financial and budgeting software and has stepped up its affiliate marketing by sponsoring a new viral video website, Kalflicks.com. Kalflicks brings you short humorous video clips similar to vine sites, but with focus on music clips, up-and-coming artists videos, and business videos. CEO, Rusty Bresse, encourages all loyal COHO shareholders to help promote our unique products, licensed locations, and affiliates.
The Company is proud to announce its partnership with Financial Restoration Education Network (FREN). FREN is a non-profit entity conducting a study dedicated to restoring people hurt from financial hardship and educating them in sound financial practices. Troy Fields, COO, stated, "We are anticipating helping thousands of individuals this year who are participating in this study turn their credit and financial situations around for the better."
CreditDNA has been selected as the exclusive credit and financial management company of FREN. According to Howard Wayland, CEO of FREN, "CreditDNA is the secret sauce in credit management. We believe that CreditDNA has the most state of the art credit and financial management system on the market. Their advanced software and technology allows our clients to know exact formulas to maximize their credit and build a proven plan that can strengthen their financial profile." Mr. Wayland also added, "CreditDNA’s specialized credit navigation system is beneficial in educating the individuals of the study on how credit works and how to budget and spend their money wisely in the future. By illustrating bad credit use habits, CreditDNA can implement a strategy of change for clients who will be enrolling."
About Crednology Holding Corp
Crednology Holding Corp, a Delaware corporation, a leading provider of technology and software to the credit industry, is dedicated to enhancing shareholder value through a strategic combination of organic growth, mergers and acquisitions. Our primary business model concentrates within the credit industry. Within this industry group, Crednology Holding Corp will continue to acquire privately held microcap companies, as subsidiaries, to drive sales and earnings growth. For further information, visit www.credholdingcorp.com.
About ScoreNavigator
ScoreNavigator, a wholly owned subsidiary of Crednology Holding Corp, is a credit analysis tool designed for consumers and loan originators. It analyzes the electronic version of a credit report and recommends the quickest way to achieve a credit score and to achieve the score needed for loan approval. It is a scientific analytical tool. Its recommendations are based on the understanding of credit score calculations and how different factors affect scores either positively or negatively. ScoreNavigator can only suggest actions a consumer can take. ScoreNavigator itself cannot directly cause credit scores to rise or fall. ScoreNavigator is a tool used by consumers and loan originators to maximize a credit score resulting in more approvals and closed loans. For further information, visit www.scorenavigator.com.
About CreditDNA
CreditDNA, Inc., a wholly owned subsidiary of Crednology Holding Corp, is an all inclusive online Credit and Financial Management company that uses exclusive software to educate the public in having a healthy credit profile and maximizing their credit potential. Members have 24/7 online access to their complete credit file, budget programs, score and money simulators, credit calculators, and various other vital tools to manage their credit and finances.
Our innovative Credit Education Program allows step by step testing from an accredited money management course. We furnish up-to-date credit education material and a law library that allows members to stay up to date with ongoing changes in the credit and financial industry.
CreditDNA's motivational coaches help encourage the members in a step by step rebuilding program that helps the members take back control of their credit and finances. For further information, visit www.creditdna.us.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently.
Contact: Crednology Holding Corp:
Corporate Website: http://www.credholdingcorp.com
SOURCE: Crednology Holding Corporation