SOURCE: RELM Holdings, Inc.

April 20, 2010 10:27 ET

RELM Holdings, Inc. Provides Update on Professional Engagements

WILMINGTON, DE--(Marketwire - April 20, 2010) -  RELM Holdings, Inc. (PINKSHEETS: RELM) is pleased to provide an update to shareholders on the ongoing Corporate Debt Offering of $30+ million as it further prepares to market the offering in the Private and/or Public markets.

RELM has retained the Santora CPA Group, a Delaware accounting firm, to assist the Company in reviewing and documenting its business processes and financial controls in preparation for the future engagement of an independent financial audit. The future audit will include RELM's affiliated companies: RELM Holdings, Inc., RELM Real Estate Holdings, Inc., Access Versalign, Inc., Versalign, Inc., RELM Technology Group, Inc. and Protective Capital Structures Corporation and will adhere to established GAAP and SEC guidelines.

This press release contains forward-looking statements including without limitation those about the Company's estimated revenue and earnings per share. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company's reaction to those factors, on consumer and business buying decisions with respect to the Company's products and services; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new products, services, and technological innovations on a timely basis; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company's business currently obtained by the Company from sole or limited sources; the effect that product and service quality problems could have on the Company's sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, and other circumstances that could disrupt supply, delivery, or demand of products and services; and unfavorable results of other legal proceedings.

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