KORTENHOEF, THE NETHERLANDS / ACCESSWIRE / October 8, 2014 / Readen Holding Corp. (OTC Pink: RHCO) (PINKSHEETS: RHCO), announced today that its 100% subsidiary Readen B.V. starts distribution of oil and lubricants under their own brand name: D5 OIL.
Readen Holding Corp. is a venture capital organization and shareholder of companies operating in different industries. Readen Holding Corp. has access to an extensive, influential and loyal network of business relations and investors.
With companies and subsidiaries in Europe and Asia the Readen name has been respected for over 30 years for its coherence to strong value and business ethics. We have over 30 years of solid trading and manufacturing experience. Readen Holding Corp. is an U.S. publicly traded (OTC pink sheets) company.
Readen Holding has a unique "hands on" strategy where the management is involved in the day to day activities of the group’s companies adding years of experience to their subsidiaries management. This involvement permits the group to work effectively and fast on each entity’s potential.
"CREATING VALUE IS OUR TASK"
The D5 OIL product line will be marketed in the budget line of products as "HIGH QUALITY WITH A HIGH DISCOUNT" .
With a sales forecast of 7.000.000 Euro for the first year in the Dutch market alone Readen will set course to high presence in the retail market before the end of this year. For the German and Belgian markets Readen is in negotiation to appoint sales agents.
D5 OIL presents a wide collection of motor oils, gear oils and lubricants for the European market.
Sales representation will start immediately in the Benelux (Belgium, the Netherlands and Luxemburg) and Germany.
CCO Ronald Steenbergen Quote: "Oil is a product in synergy with our customer base as our subsidiaries already service gas stations and car-care retailers with mobile top up vouchers and car-care products. The motor oil market is still expanding and with the growing demand come higher prices as oil sources are slowly depleting."
D5 Oil is a welcome addition to the company’s activities after discontinuing of the mobile phone hardware wholesale activities due to decreasing market circumstances and low product margins.
Readen Holding Corp. activities at present:
Majority shareholder of:
Readen Industries, Readen Invest, Readen Real Estate BV, Readen B.V., Yoho Telecom Ltd., D5 Mobile B.V., D5 Avenue Ltd., Altembrouck F&B bvba, Altembrouck Agri bvba, ON-Mix Music, Nedfiber B.V., Sky Global B.V. and Rainn B.V.
Minority shareholder of:
Up-Ip B.V.
For more information please visit http://www.readenholdingcorp.com/
Increasing value of high potential companies is RHCO’s core business.
Readen Group’s mission statement: To be a valuable and reliable partner for customers, suppliers and investors in terms of quality, communications and service. Adding value for all the stakeholders is the main objective.
Forward-Looking Statements
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
http://www.readenholdingcorp.com/
+31356299970
SOURCE: Readen Holding Corp.