Sell Your Old Phone to Readen Holding Corp (PINKSHEETS:RHCO) and Contribute to a Better Planet
April 20 2012 - 9:13AM
Marketwired
READEN HOLDING CORP (PINKSHEETS:RHCO) announced that Moho-Telecom a
100% subsidiary of Readen Holding Corp started a new joint
venture.
Readen's subsidiary Moho-Telecom and Zwipit (www.zwipit.nl), a
company based in the Netherlands that focuses on mobile phone reuse
& recycling, have signed a cooperation agreement for developing
the Zwipit concept in the Netherlands, Belgium and France.
Zwipit is a specialist and one of the world leaders in
collecting and processing of consumer electronics products (e.g.,
cell phones) with operations in several countries in Europe. Zwipit
collects used phones and gives them a second life elsewhere thus
reducing electronics waste and production and increase the
product's lifespan.
In the first year of operation an additional turnover of
2,100,000 Euro is forecasted and more than 39,600 kg of handsets,
batteries, chargers and accessories will be recycled and diverted
from potentially ending up in landfill.
Moho-Telecom will start offering the Zwipit recycle service to
their customers in the Netherlands as of May 1st 2012. In Belgium
and France parties will set up a joint venture for development of
their recycle business. Moho-Telecom will act as Zwipit's exclusive
representative in these two territories. By making use of
Moho-Telecom's retail network and related websites over 2700
collection locations for used phones will be in place before the
1st of October 2012.
Our objective is to become Western Europe's largest and most
trusted mobile phone recycler and as a designated waste handler we
take our responsibilities very seriously.
www.zwipit.com Don't keep it Zwipit.
Readen Group's mission statement is to be a valuable partner for
customers in terms of technical flexibility, quality and
competitive pricing through the complete value chain (SIM cards,
mobile phones and applications).
This press release may contain forward-looking statements,
including, but not limited to, statements regarding Readen Holding
Corporation and its plans, products and related market potential.
Forward-looking statements may be identified by the use of the
words "anticipates," "expects," "intends," "plans," "should,"
"could," "would," "may," "will," "believes," "estimates,"
"potential" or "continue" and variations or similar expressions.
These statements are based upon the current expectations and
beliefs of management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. These risks
and uncertainties include, but are not limited to, risks and
uncertainties discussed in Readen Holding Corporation's postings on
the OTC Markets Disclosure & News Service and future filings
with the Securities an Exchange Commission, which factors are
incorporated herein by reference. Readers are cautioned not to
place undue reliance on any of these forward-looking statements.
Readen Holding Corporation undertakes no obligation to update any
of these forward-looking statements to reflect events or
circumstances after the date of this press release or to reflect
actual outcomes.
Contacts: Readen Holding Corp. Ronald Steenbergen +31 3562
99970info@readenholdingcorp.com www.readenholdingcorp.com
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