READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FILING OF SEPTEMBER 30, 2022 FINANCIAL STATEMENTS WITH OTC MARKETS
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company has filed its financial statements for the quarter ending September 30, 2022 with OTC Markets Disclosure & News Service. RHCO reported an increase in Revenues of 410% compared to same period of 2021. Yet due to a dispute with one of the major payment providers regarding technical issues, the Company’s own payment gateway OkePay has setback in revenue for a period of five weeks during that quarter. This resulted in an underperforming quarter, however the Company still managed to record a moderate profit.
RHCO has now been working with new payment providers and OkePay is back on the right track. The Company expects a strong come back quarter as it has been actively developing its discount referral platform Oke Partners (www.okepartners.com), and started recruiting members for Oke Travel Club (www.oketravelclub.com) (oketravelclub.enjoymydeals.com).
Richard Klitsie, CEO of RHCO stated, “The Company wishes to thank all of its shareholders for their support. We had a promising quarter, but unexpected challenges came up. Our team are committed and being ready to take all challenges, solve problems, and create new solutions on a daily basis. We are now back on track and looking forward to an exciting season ahead with all our initiatives running in full speed.”
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: www.neckermanndirect.eu
Two Percent: www.twopercent.hk
Fligro: www.fligrofood.com
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