MISSISSAUGA, ON / ACCESSWIRE / July 17, 2024 / Redishred Capital Corp ("Redishred" or "Company") (TSXV:KUT) announces that Robert Kay, a member of the Company's board of directors, has passed away.

Mr. Kay had been a director on the Company's board since 2009, contributing to the Company a lifetime of wisdom in business, operations, sales, and leadership. Mr. Kay had an illustrious business career, he was the founder of Springwall Sleep Products Inc., one of Canada's largest mattress manufacturers, and was the Chairperson of the company until his death. Additionally, Mr. Kay was a long-standing director and held the role of Chairperson of the Board of a TSX listed company until his retirement earlier in 2024. Mr. Kay had served on various trade associations boards and was an alumnus of Mount Allison University.

Mr. Hasham, the Chief Executive Officer of Redishred added, "I was very saddened to hear of the news of Bob's passing; only a few weeks ago I had one of our usual catch-up conversations with Bob, and he was as vibrant, thoughtful, and gregarious as ever. Bob's contributions to Redishred were many, he was never lacking for ideas, and never afraid to say things as they needed to be said. It is a fact that Redishred is a better company because of Bob's contributions. The entire Redishred team offers our sincerest condolences to Bob's family at this time."

On Behalf of the Board of Redishred Capital Corp.

"Jeffrey Hasham"

Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

Redishred Capital Corp. (TSXV - KUT)
Jeffrey Hasham, MBA, CA, CPA
Chief Executive Officer
Jeffrey.hasham@redishred.com

Phone: (416) 849-3469 Fax: (905) 812-9448

or,

Redishred Capital Corp. (TSXV - KUT)
Harjit Brar, CA, CPA
Chief Financial Officer
harjit.brar@redishred.com

Phone: (437) 328-6639 Fax: (905) 812-9448

Note: The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

This news release contains forward looking statements that reflect the current expectations of management of Redishred and Redishred's future results, performance, achievements, prospects and opportunities. Wherever possible, words such as "may", "will", "estimate", "believe", "expect", "intend" and similar expressions have been used to identify these forward looking statements. These statements reflect current beliefs and are based on information currently available to management of Redishred. Forward looking statements necessarily involve known and unknown risks and uncertainties. A number of factors, including those discussed in Redishred's 2023 management discussion and analysis under "Risk Factors", could cause actual results, performance, achievements, prospects or opportunities to differ materially from the results discussed or implied in the forward-looking statements.

SOURCE: Redishred Capital Corp.