READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FILING OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2023 FINANCIAL STATEMENTS WITH OTC MARKETS
READEN HOLDING CORPORATION (OTC PINK: RHCO), a leading Venture Capital Corporation active in the Fintech, Online Payment, and E-commerce sectors, announced today the submission of its financial statements for the quarters ending September 2023 and December 2023 to the OTC Markets Disclosure & News Service.
The delay in filing for both quarters was attributed to the Company's renewal of information to OTC Markets following a change in management. Mr. Johannes H Westbroek (a.k.a. Harry Westbroek) was appointed as the new Chief Executive Officer of RHCO on September 1, 2023. OTC Markets currently displays a "Yield Sign" on RHCO, yet the Company anticipates its removal after OTC Markets reviews the submitted filings.
RHCO reported robust financial performance for the quarter ended December 2023, with a remarkable revenue increase of 117.6% compared to the previous quarter. Additionally, the Company achieved a profit of $1,304,371 for this period, reflecting a notable surge of 94.5% from the last quarter.
The impressive performance was primarily fueled by Readies, the payment system developed and operated by Finexeble S.R.O., a subsidiary of RHCO. Since its inception in late 2021, Readies has garnered significant popularity among online merchants across Europe for its secure and convenient payment platform catering to both merchants and customers. The latest version of Readies, incorporating blockchain technologies, was launched in Q4 2023. With its advanced security features and enhanced functionalities, the Company foresees a substantial increase in merchant and customer adoption. It is projected that within 2024 Readies will generate between 50M to 100M EUR in revenue per month, with an average profit margin of 1% to 2%.
Harry Westbroek, CEO of RHCO stated, “We apologize for the lack of information in recent months. We are pleased to resume regular communication with our shareholders. RHCO has numerous ongoing plans to be announced, and we anticipate an exciting year ahead.”
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
Finexeble S.R.O.: finexeble.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