RELM Relm Holdings Inc (CE)

RELM Holdings Inc. (PINKSHEETS: RELM) announced today that it executed a Letter of Intent (LOI) to acquire 100% of the membership interests in a well established Delaware-based Information Technology Service and Support company. Management noted that the target company will remain undisclosed pending the execution of definitive agreements per customary non-disclosure terms agreed on by the parties. The Company, founded in the mid 1990s, provides high-quality computer related support and integration services to its clients in the legal, financial, educational, governmental and commercial markets in and around Delaware. Revenues for 2009 are expected to reach $4,000,000.00. With this transaction and the previously announced planned acquisitions, Relm Technology Group's (RTG) annual technology revenues will exceed $10,000,000.00. Management will provide consolidated pro-forma statements once due diligence has been completed.

Management plans to operate the Company within the newly formed Relm Technology Group (RTG) and the Company's key executive will become a member of the RTG Executive Management Team with a leadership role in managing the IT Services business. This transaction takes advantage of significant short-term "owner financing" and is expected to close on or before December 31, 2009 pending execution of a Definitive Purchase Agreement. To minimize dilution and maximize shareholder value, Management is currently seeking permanent debt financing to fund the announced acquisitions while continuing to pursue three additional targets in the near term.

According to Marc Greenberg, EVP, "This acquisition is very strategic for us as it helps to further cement our position in the Delaware market. This company was one of the first groups that we targeted when we launched our local roll-up strategy. The award winning Company has a stellar reputation and is posting impressive results for 2009. Since the Company and Access Versalign share a common business direction, we look forward to significant opportunities to consolidate both the administrative and technical operations. At our peak, Versalign reached $90 Million in revenue. Through strategic acquisitions, we plan to eclipse this number in the coming years."

Randall Burton, Chairman, added, "This acquisition is another multi-dimensional addition for us. There are significant operational and technical synergies with Access Versalign, a meaningful presence in the Delaware legal community that closely aligns with our Document Management acquisitions, and an experienced leadership team to help manage the day to day IT Service business. This is a perfect fit that should bring us immediate and long term benefits."

About RELM

RELM was incorporated to acquire operating businesses and is now a holding company with a primary focus on financial and information technology services along with real estate. The Company bases its business model on the acquisition of synergistic businesses with the capability to support and compliment its financial and technology products. RELM intends to lead a vertically integrated family of companies that will provide full solutions for its affiliates and clients, such as underwriting, servicing, raising capital, and commercialization, while securitizing and guaranteeing its products in the marketplace. Since 1994 the Company has conceived, designed, and developed innovative, new products that "absorb asset risk." For more information about RELM, please visit www.relmholdingsinc.com.

About AVI

AVI was organized in 2008 and in 2009 acquired Versalign Inc., which was founded in 1985 and currently provides targeted Information Technology solutions for corporate, professional and governmental clients in the Mid-Atlantic region. AVI provides RELM with new top management plus it increases the employee base to over 25 employees. This acquisition gives RELM access to cash flows and expanded business opportunities in the information technology industry. For more information about Versalign, please visit www.versalign.com.

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 newly expanded business model or acquire businesses and real estate, actual results may differ materially from the expectations expressed in the forward-looking statements.

Contact: RELM Holdings Inc. manager@relmholdingsinc.com