RELM Relm Holdings Inc (CE)

RELM Holdings Inc. (PINKSHEETS: RELM) announced today that it plans to acquire three companies from their controlling shareholders in three share exchanges valued at $23 million. RELM will serve as the parent company.

These acquisitions will give RELM additional revenue, increased assets, and access to bank financing. The new to-be-elected Board of Directors and management team will help streamline and oversee all of the companies' operations from the top down.

As a holding company, RELM's purpose will be to provide capital to its affiliates that create, market, service, and license innovative financial products and services. RELM expects to lead a vertically integrated family of companies that provides full solutions for its clients, from underwriting, servicing, raising capital, product creation and commercialization, to securitization and guaranty of its products in the marketplace. With this platform RELM's business model will change as it begins to provide financial services for a new client base. RELM will be pursuing two distinct marketing paths: direct lending using the Access Channel Platform and licensing the Access Channel Platform to banks and other financial institutions.

Randall Burton, the new president, says, "One of my first tasks after joining RELM was to analyze the operations of RELM and its affiliated companies with an eye towards increasing operational efficiencies and unlocking value. With these planned acquisitions, I see exciting revenue opportunities for RELM and the consolidation of the business operations and financial statements will immediately provide increased shareholder value and transparency. This major shift should improve RELM's balance sheet and improve visibility in its new business model. In conjunction with the consolidation, we are working to bring on a new experienced management team and expect to announce our new team shortly."

Further, Mr. Burton believes that RELM should investigate an offering as he consolidates the affiliates into RELM and he plans to meet with investment banks to test their level of interest.

Safe Harbor

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its new business model and complete certain acquisitions and consolidations, actual results may differ materially from the expectations expressed in the forward-looking statements.

Contact: RELM Holdings Inc. info@relmholdingsinc.com Phone: 302-225-8163