READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FILING OF JUNE 30, 2023 ANNUAL FINANCIAL STATEMENTS WITH OTC MARKETS, EARNINGS UP 364%
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation active in the Fintech, Online Payment, and E-commerce industries, announced today that the Company has filed its financial statements for the year ending June 30, 2023, with OTC Markets Disclosure & News Service.
RHCO reported a significant increase in Revenue of 44% compared to 2022. The Company also achieved remarkable Earnings, up 364% year-over-year, demonstrating its robust performance and potential for sustainable growth.
These outstanding results are a direct consequence of RHCO's steadfast commitment to evolving into a formidable Fintech enterprise. By harnessing the synergies within its portfolio, comprising fully-owned subsidiaries such as OkePay, Oke Partners (OkeApp), and Readies, RHCO is exceptionally well-positioned to capitalize on the burgeoning global E-payment sector.
In particular, Readies, the evolutionary payment solution which made a significant contribution to the Company's revenue in early 2022, has gained momentum again with its new upgraded version utilizing blockchain technologies. The number of merchants and customers using Readies has significantly increased in the past few months, as it caters specifically to merchants operating in high-risk sectors, including Gaming, Gambling, Adult Entertainment, Nutraceuticals, Forex, Online Courses, and more.
In addition to its Fintech endeavors, RHCO's E-commerce and Retail segment shines brightly, with Neckermann Direct operating at full capacity. Neckermann Direct has successfully connected European customers with a wide array of Asian products, adding thousands of popular items daily through a strategic collaboration with AliExpress to facilitate cross-border orders. The growing popularity of Neckermann Direct has brought significant revenue to the Company.
Earlier this week, RHCO announced a full-scale extension of its various payment gateways, allowing merchant partners to accept cryptocurrencies in addition to all conventional payment methods. With this comprehensive extension and upgrade, OkePay, RHCO's primary payment platform, and Readies will offer an expansive array of payment methods. In addition to conventional payment options like Visa, Mastercard, American Express, Union Pay, PayPal, and more, merchants can now seamlessly accept payments from e-wallets (e.g. SEPA, Alipay, WeChat Pay, etc.), direct banking, and, notably, all major cryptocurrencies. This includes but is not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Stellar (XLM), Dash (DASH), Cardano (ADA), and many others. The Company anticipates providing the largest selection of payment options available to merchants and customers in all sectors and markets, with over 200 payment options available. This spectacular development would add extra momentum to the Company, and its growth will certainly accelerate in the coming year.
Harry Westbroek, COO of Fintech RHCO, stated, “We are absolutely thrilled to share these fantastic results that underscore our firm commitment to making waves in the Fintech industry. Our relentless drive for innovation and the strong collaboration among our subsidiaries have paved the way for impressive growth. We're gearing up for even more success as we expand our payment options to include cryptocurrencies, offering a comprehensive solution for our partners and customers. To our valued shareholders, I want to express our sincere gratitude for your unwavering support on this journey. These remarkable achievements wouldn't have been possible without your trust and belief in our vision. We firmly believe that our dedication to excellence and adaptability will keep propelling our growth, placing us squarely at the forefront of the ever-evolving financial technology landscape. Our commitment to creating value for our shareholders remains steadfast, and we look forward to delivering even more promising results in the future."
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
OkePay: www.okepay.biz
OkePay VPOS: www.okepay.biz/vpos
Oke Partners / OkeApp: www.okepartners.com
Oke Travel Club: www.oketravelclub.com
OkToken: oktoken.biz
Readies: www.readies.biz
Neckermann Direct: www.neckermanndirect.eu
Two Percent: www.twopercent.hk
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com
or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Contact
Readen Holding Corp.
info@readenholdingcorp.com
+852 3950 5911
Readen Holding Corp., RHCO announcement