RHCO ANNOUNCES LETTER OF INTENT (LOI) FOR THE PURCHASE OF OKEPAY NEW ZEALAND Press Release | 02/11/2021
Readen Holding Corp. (OTC: RHCO), RHCO announced today, as they enter the US$ 4.7 trillion (2020 estimates) payments market and on the strength of a European PSP License, that they have signed a Letter of Intent (LOI) for the purchase of OkePay New Zealand and its subsidiary OkePay Asia Limited.
OkePay is a go-to payment gateway solution that enables a merchant to accept all major payment methods which is supported by an easy integration process and active support team.
RHCO see this acquisition as an ideal springboard to launch two proprietary products which are currently in the ‘testing’ phase of development and due for imminent release. These products will not only boost the merchant’s revenue but the zero-commission merchant strategy and will add to OkePay’s daily increase in merchant acquisition.
The LOI outlines RHCO’s offer to purchase 100% of OkePay NZ from the private individual shareholders for US$ 1 million in cash and 75 000 000 RHCO Restricted shares.
Mr. Richard Klitsie, CEO, said ‘We are very pleased to sign this LOI with OkePay NZ. As we continue with our restructuring and aggressive growth strategy, our innovative approach through the development of our proprietary products will strengthen our goal to challenge and be real competitor’. He went on to say ‘Our strength in the payments sector will produce a network effect as we transition our traditional retail business Neckermann Direct (Benelux) from an online store to an eCommerce platform, with payments at the core’.
About READEN Holding Corp.
RHCO is a venture capital company. For over 30 years RHCO has been finding value opportunities in the retail, agriculture, real estate and Fintech sectors. RHCO strives to deliver a structured balance between short-term revenue and long-term outperformance multiples. 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
OkePay can be found at www.okepay.biz
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" including both variations or similar expressions. These statements are based upon the current expectations and beliefs of management but are subject to certain risks as well as uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to those discussed in Readen Holding Corporation's postings on the OTC Markets Disclosure & News Service and any future filings with the Securities and Exchange Commission, where 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.
+852 3950 5911
info@readenholdingcorp.com
RHCO ANNOUNCES LETTER OF INTENT (LOI) FOR THE PURCHASE OF OKEPAY NEW ZEALAND Press Release | 02/11/2021
Readen Holding Corp. (OTC: RHCO), RHCO announced today, as they enter the US$ 4.7 trillion (2020 estimates) payments market and on the strength of a European PSP License, that they have signed a Letter of Intent (LOI) for the purchase of OkePay New Zealand and its subsidiary OkePay Asia Limited.
OkePay is a go-to payment gateway solution that enables a merchant to accept all major payment methods which is supported by an easy integration process and active support team.
RHCO see this acquisition as an ideal springboard to launch two proprietary products which are currently in the ‘testing’ phase of development and due for imminent release. These products will not only boost the merchant’s revenue but the zero-commission merchant strategy and will add to OkePay’s daily increase in merchant acquisition.
The LOI outlines RHCO’s offer to purchase 100% of OkePay NZ from the private individual shareholders for US$ 1 million in cash and 75 000 000 RHCO Restricted shares.
Mr. Richard Klitsie, CEO, said ‘We are very pleased to sign this LOI with OkePay NZ. As we continue with our restructuring and aggressive growth strategy, our innovative approach through the development of our proprietary products will strengthen our goal to challenge and be real competitor’. He went on to say ‘Our strength in the payments sector will produce a network effect as we transition our traditional retail business Neckermann Direct (Benelux) from an online store to an eCommerce platform, with payments at the core’.
About READEN Holding Corp.
RHCO is a venture capital company. For over 30 years RHCO has been finding value opportunities in the retail, agriculture, real estate and Fintech sectors. RHCO strives to deliver a structured balance between short-term revenue and long-term outperformance multiples. 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
OkePay can be found at www.okepay.biz
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" including both variations or similar expressions. These statements are based upon the current expectations and beliefs of management but are subject to certain risks as well as uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to those discussed in Readen Holding Corporation's postings on the OTC Markets Disclosure & News Service and any future filings with the Securities and Exchange Commission, where 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.
+852 3950 5911
info@readenholdingcorp.com
RHCO ANNOUNCES LETTER OF INTENT (LOI) FOR THE PURCHASE OF OKEPAY NEW ZEALAND Press Release | 02/11/2021
Readen Holding Corp. (OTC: RHCO), RHCO announced today, as they enter the US$ 4.7 trillion (2020 estimates) payments market and on the strength of a European PSP License, that they have signed a Letter of Intent (LOI) for the purchase of OkePay New Zealand and its subsidiary OkePay Asia Limited.
OkePay is a go-to payment gateway solution that enables a merchant to accept all major payment methods which is supported by an easy integration process and active support team.
RHCO see this acquisition as an ideal springboard to launch two proprietary products which are currently in the ‘testing’ phase of development and due for imminent release. These products will not only boost the merchant’s revenue but the zero-commission merchant strategy and will add to OkePay’s daily increase in merchant acquisition.
The LOI outlines RHCO’s offer to purchase 100% of OkePay NZ from the private individual shareholders for US$ 1 million in cash and 75 000 000 RHCO Restricted shares.
Mr. Richard Klitsie, CEO, said ‘We are very pleased to sign this LOI with OkePay NZ. As we continue with our restructuring and aggressive growth strategy, our innovative approach through the development of our proprietary products will strengthen our goal to challenge and be real competitor’. He went on to say ‘Our strength in the payments sector will produce a network effect as we transition our traditional retail business Neckermann Direct (Benelux) from an online store to an eCommerce platform, with payments at the core’.
About READEN Holding Corp.
RHCO is a venture capital company. For over 30 years RHCO has been finding value opportunities in the retail, agriculture, real estate and Fintech sectors. RHCO strives to deliver a structured balance between short-term revenue and long-term outperformance multiples. 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
OkePay can be found at www.okepay.biz
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" including both variations or similar expressions. These statements are based upon the current expectations and beliefs of management but are subject to certain risks as well as uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to those discussed in Readen Holding Corporation's postings on the OTC Markets Disclosure & News Service and any future filings with the Securities and Exchange Commission, where 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.
+852 3950 5911
info@readenholdingcorp.com