Readen Holding Corp.

April 17, 2012 13:44 ET

Readen Holding Corp. Expands Points of Sales of Yoho Mobile

Readen Holding Corp. Expands Points of Sales of Yoho Mobile Subsidiary's Vending Machines by Securing Exclusive Distribution Rights to Multi-Function Vending Terminal

HILVERSUM, NETHERLANDS--(Marketwire - April 17, 2012) - READEN HOLDING CORP. (PINKSHEETS:RHCO) announced that Yoho Telecom Ltd., a wholly-owned subsidiary of Readen Holding Corp., will extend their activities from operating a credit voucher distribution system via Terminals placed in retail stores through the installation of a Multi-Function "Cash Pay Terminal Station", starting in The Netherlands.

YOHO TELECOM Ltd. Has secured the Exclusive Rights to the Distribution, Installation and Operation of a new Vending Retail System for a Pay Online, Phone and Internet Credit Voucher Service, Gift Voucher, Hotel and Travel Bookings, Entrance Tickets, etc.

The Stand-Alone Terminals will be installed in Gas Stations, Shopping Malls, Railway Stations and Public Places in The Netherlands, Belgium, France and Germany.

The Company believes to not only start a new retail system, but also be able to offer the Public an alternative for Payments service by skipping the expensive Postal and Money Transfer Services with this Secure Real-Time System at competitive prices.

The Company expects to install the first payment kiosks at Key-Locations by October 2012.

The Company will also be moving its current distribution of fiscal vouchers towards an electronic distribution through this new terminal.

This new terminal will enhance Yoho Telecom Ltd.'s growth in sales locations. We will have the voucher sales terminal system ready for the France and Belgium markets during the first half of 2013, and in the Germany market during the second half of 2013.


Readen Group's mission statement is to be a valuable partner for customers in terms of technical flexibility, quality and competitive pricing through the complete value chain (SIM cards, mobile phones and applications).

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