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Readen Holding Corp.
Subsidiary of Readen Holding Corp. started a joint venture with TnT Telecom
Published Mar 6 2012
4 min read

Subsidiary of Readen Holding Corp. started a joint venture with TnT Telecom

READEN HOLDING CORP. (RHCO.PK) announced that Yoho Telecom Ltd., a wholly-owned subsidiary of Readen Holding Corp., started a joint venture company in The Netherlands named Yomobile BV.  Yoho Telecom Ltd. owns 51% of Yomobile BV and TnT Telecom owns 49% of Yomobile BV.

Yomobile BV will be a new division within the Readen Holding Corp. organization. Yomobile BV will specialize in the placement of telecom “top up” voucher terminals. A part of the company’s distribution of fiscal vouchers will move in to the electronic vouchers distribution.

This new system will enhance Yoho Telecom Ltd.’s growth in sales locations. In the first weeks, Yomobile BV placed our voucher sales terminals in 70 locations. Currently, there are 580 retailers signed up for placement of voucher sales terminals in their stores.

Our target is to place the terminals into 1,200 retailers by the end of this year in The Netherlands.

We will have the voucher sales terminal system ready for the France and Belgium markets during the first half of 2013, and in the Germany market during the second half of 2013.

Through its voucher terminals,Yomobile BV currently distributes the following provider labels prepaid credits:

The mobile telecom providers:

Telfort,Vodafone,Rabomobile,Lycamobile,TMobile,Kpn,Lebara,Ortel,GTMobile,Vectone,Tele2,Budgetphone,

The international calling cards:

Cobra, Africatel, Asiatel,Eurotel, Super fast, Viper, Lycastar, Bloemen, Taj Mahal, Euro city.

The online debit cards:

Paysafecard, prepaidadult

Website 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 an 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.

Contacts:

Readen Holding Corp.

Ronald Steenbergen

+31 3562 99970

info@readenholdingcorp.com