Readen Holding Corp. (Rhco.Pk) Announces Big Step into the Multi-Billion Glass Fiber Industry.
25 September 2013 - 9:10PM
Access Wire
RHCO Announces 51% Participation in Nedfiber
B.V.
HILVERSUM, Netherlands (ACCESSWIRE) 9/25/2013 6:55:00 AM
- Readen Holding Corp. (OTCPINK: RHCO) subsidiary Readen Real
Estate B.V. becomes 51% shareholder of Nedfiber B.V.
(http://www.nedfiber.nl/), a fiber to business glass fiber
construction company with main focus in industrial areas (business
to business).
Nedfiber B.V. constructs, operates and rents out fiberglass in
industrial areas and currently has around 15 industrial projects
and with the new RHCO investment the target is to add 250
industrial areas in the coming years with tens of thousands new
charged customers.
RHCO will issue 15 million shares and has made the commitment to
invest 4.5 million euro in exchange for 51% of the Nedfiber shares.
RHCO will also commit to another 20 million euro equity placed by
private placements of RHCO restricted shares. Due to the strong
growth of fiberglass speed internet needs in the professional
market the expectations are to have a net revenue of 12 to 16
return on their investment within 24 months to 25 percent annual
after 36 months.
This will offer Readen Holding Corp the possibility to offer glass
fiber connections in the near future which are distinguished to the
current in both quality and price.
This participation is another addition to the Readen Groups mission
of becoming a major all-round telecom supplier. It is anticipated
that this acquisition will tremendously increase the level of our
organizations performance and value.
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
SOURCE: Readen Holding Corp.
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