The destruction of documents containing sensitive and private information is getting a significant push from several angles. These market drivers continue to advance ShredStation's place in the market and have been key factors in the company's rapid growth.

Identity Theft Awareness
  • ID theft and privacy protection awareness are at all-time highs due to constant media attention

  • 10 million reported victims in USA in 2006

  • $57 billion annual losses
 
Legislation
  • National laws such as FACTA, HIPPA and Gramm Leach Bliley are requiring companies and even individuals to destroy documents that contain private information

  • Dramatic increase in Government prosecution (Radio Shack, CVS, individuals)

  • State laws are beginning to emerge adding additional pressure for companies and individuals to establish a destruction system and routine.
 
Environment & Recycling
  • Increased awareness of environmental issues including Global warming and greenhouse gasses, energy conservation and the need to recycle

  • Consumers are seeking to eliminate waste that goes into landfills

  • Consumers are interested in making sure that hazardous materials are disposed of properly
 

A host of factors are contributing to the success of ShredStation Express.

  • Personal/Home shredder sales over $700 million, yet a consistent decline in consumer satisfaction

  • 22 million businesses with less than 10 employees / 90 million households.

  • More than 70 million Baby Boomers retaining unnecessary personal records.

  • Growing trend in telecommuting: More home offices that have to develop a system to protect and properly dispose of proprietary company information

  • More than 1 billion obsolete electronic devices and computers containing sensitive data are in homes and offices throughout the country –500 million of these expired in 2006
 
 
 
 
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