Readen Holding Corporation (PINKSHEETS:RHCO) Announces Substantial Progress
October 24 2012 - 9:00AM
Marketwired
Readen Holding Corp. (PINKSHEETS:RHCO) is listed on the stock
exchange since 1953 previously known as Beacon Light Mining
Company.
June 1 2011 new management acquired control of the company with
a redefined focus on the telecom business and other related
interests. The new team represents a combined century of
manufacturing experience of hardware and software retail concepts
in the telecom industries in Europe, Asia and the Americas. The
primary sales activities consist of: mobile phones, SIM cards,
prepaid phone cards, physical top up vouchers and electronic
voucher systems.
Within its first year, Readen Holding Corp, established a joint
venture with TNT Telecom for the creation of Yomobile, with a
primary focus on distributing top up voucher terminals. To date,
700 terminals have been placed and another 300 locations are
committed for and awaiting placement, in the Netherlands. Within
the next six months, the systems will be widely distributed
throughout Europe.
Secondly, Moho Telecom, a RHCO subsidiary, partnered with
Lebara, one of the largest suppliers of prepaid SIM cards in the
world for the purpose of installing presentation cabinets with a
rack jobbing system (similar to vending machines) stocked with
mobile phones in retail stores, gasoline stations and hotels.
Currently, 400 cabinets have been successfully installed with sales
revenue exceeding expectations. In the first quarter of 2013, there
will be 750 cabinets installed with European distribution parallel
to that of the voucher system.
Shortly thereafter, Yoho Telecom, another RHCO subsidiary,
signed an exclusive contract for the distribution of a
revolutionary new product for the European market called
"Paystation". This is an indoor/outdoor touchscreen vending retail
system for phone and internet credit, hotel and travel bookings,
cinema tickets, event tickets, taxi fares with possibilities for
advertisement. Currently, four test units are in place and working
in the Netherlands. The units will be installed in large quantities
throughout Europe in the second quarter.
Ronald Steenbergen (RHCO's CEO) quote: "All of our telecom
related projects are a proven success in the Netherlands and we are
therefore ready to expand into the European markets in 2013. In the
second quarter of 2013, we will select the appropriate partners
with which to expand into the Americas and Asian markets, for which
inquiries have been made by several large organizations."
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
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