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:
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.
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SOURCE: Readen Holding Corp.
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