SOURCE: Relm Holdings Inc.

November 11, 2009 10:05 ET

RELM Holdings Inc. Executes Investment Banking Agreement

WILMINGTON, DE--(Marketwire - November 11, 2009) - RELM Holdings Inc. (PINKSHEETS: RELM) executed an agreement with a west coast investment banking firm to assist the company with placement of Senior and Mezzanine Debt to fund its previously announced strategic acquisitions. In addition to funding activities, the firm will advise management on strategic funding decisions and financial structuring of each planned acquisition.

"We are pleased with the experience, talent and contacts that this firm brings. This relationship will open many doors to us and provide us with opportunities beyond the funding that we are seeking. We are excited to have finalized the first Letter of Intent this past week and will continue to pursue all other opportunities that we have identified. We are seeking the funding necessary to acquire our entire target list, should we successfully negotiate definitive Purchase Agreements with the various organizations," said RELM's President, Randall Burton.

According to Marc Greenberg, RELM's EVP, "Specifically, we are targeting the acquisition of a diverse group of technology related service companies that share a common vertical reach or that will allow us to benefit from multiple inherent operational synergies. Our target group includes traditional IT services, information security, electronic document management, software services, and business process firms. We are particularly excited by the opportunity to cross-sell a comprehensive solution to a premier client base."

Management plans to consolidate the acquisitions within the Relm Technology Group.

About RELM

RELM was incorporated to acquire operating businesses and is now a holding company with a primary focus on financial and information technology services along with real estate. The Company bases its business model on the acquisition of synergistic businesses with the capability to support and compliment its financial and technology products. RELM intends to lead a vertically integrated family of companies that will provide full solutions for its affiliates and clients, such as underwriting, servicing, raising capital, and commercialization, while securitizing and guaranteeing its products in the marketplace. Since 1994 the Company has conceived, designed, and developed innovative, new products that "absorb asset risk." For more information about RELM, please visit www.relmholdingsinc.com.

About AVI

AVI was organized in 2008 and in 2009 acquired Versalign Inc., which was founded in 1985 and currently provides targeted Information Technology solutions for corporate, professional and governmental clients in the Mid-Atlantic region. AVI provides RELM access to cash flows and expanded business opportunities in the information technology industry. For more information about Versalign, please visit www.versalign.com.

SAFE HARBOR

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its newly expanded business model or acquire businesses and real estate, actual results may differ materially from the expectations expressed in the forward-looking statements.

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