Readen Holding Corp. (PINKSHEETS: RHCO) Launches New Joint Venture
April 24 2012 - 7:30AM
Marketwired
Readen Holding, Corp. (PINKSHEETS: RHCO) has recently announced
their wholly owned subsidiary Moho-Telecom has launched a joint
venture with Netherlands based Zwipit to begin e-cycling consumer
electronics, mainly cellphones.
Zwipit is a specialist in collecting and processing consumer
electronics products across Europe and giving those devices a
second life elsewhere in the world. An estimated 87,303 pounds
(39,600 kg) of cellphones, batteries, chargers and accessories will
be diverted from landfills in the first year. Currently, in the US,
major companies like Staples (NASDAQ: SPLS), Hewlett-Packard and
Best Buy (NYSE: BBY) all have electronic recycling programs, with
Best Buy's (NYSE: BBY) recycling unit turning a profit last
year.
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.
For more information, please visit www.zwipit.com and
www.readenholdingcorp.com
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Eric Jensen www.ionewswire.com 516.942.4910
Readen (PK) (USOTC:RHCO)
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