Readen Holding Corp. (RHCO) Announces 51% Participation in Rainn B.V.
25 9월 2013 - 1:34AM
OTC Markets
HILVERSUM, The Netherlands, September 24, 2013 - (ACCESSWIRE) -
Readen Holding Corp. (OTC Pink: RHCO) subsidiary Yoho Telecom B.V
has signed a 51% shareholder majority in Rainn B.V. an
infrastructure specialist (GSM, WIFI, UMTS, LTE) currently involved
with the delivery of WIFI in Dutch municipalities, railway and
stadiums.
RHCO will issue 5 million shares and has made the commitment to
invest one million euro in exchange for 51% of the Rainn B.V.
shares. RHCO will commit to raise 5 million euro equity placed by
private placements of RHCO restricted shares.
The company strongly feels that by combining the current
activities, the RHCO group will be a "one stop shop" for clients.
From the physical mobile phone to the high-speed glass fiber
network, the entire array of services will all be available through
the RHCO Group and its subsidiaries.
Rainn B.V. will offer a tailor-made design per site, facilitate
other operators on their network and commit to the best possible
signal, adding the possibility for a "private WIFI" not available
to the general public for professional use (ex. Matrix screens,
secure connections).
Acquiring Rainn B.V. is in synergy with RHCO's current subsidiaries
line and will help in the goal of increasing the group's activities
in their markets. Rainn will commit to realizing networks at
multiple railway stations, placing 50 overhead portals and WIFI
networks in 5 urban centers within the coming 36 months.
For more information please check the Group's websites:
http://www.readenholdingcorp.com/
http://www.nedfiber.nl/
http://www.skyglobalsim.com/
http://www.d5mobile.nl/
http://www.d5avenue.com/
http://www.yoho-telecom.com/
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 and 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.
Contact:
Readen Holding Corp.
Ronald Steenbergen
+31 3562 99970
info@readenholdingcorp.com
Readen (PK) (USOTC:RHCO)
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Readen (PK) (USOTC:RHCO)
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