Readen Holding Corp (OTC PINK: RHCO) Takes Next Step in the Audit and Gears Up for Up Listing Towards the OTCQX

HENDERSON, NV--(Marketwired - Aug 19, 2016) - Readen Holding Corp (OTC PINK: RHCO) announced earlier this year the contracting of ThayerOneal as new corporate accountant. With ThayerOneal the company has been working towards a full audit plan in order to present two consecutive years of audited financials. This will be the basis for a targeted up listing of RHCO towards the OTCQX.

Together with ThayerOneal, a Dutch accountants firm and the management of Readen Holding Corp, a plan has been created to audit the last two book years of Readen Holding Corp (July 2014 up until June 2015 and July 2015 up until June 2016); with these two years audited, the first step has been taken towards the up listing.

The Dutch accountant firm has audited the inventory in the main warehouse and the stores in order to get a clear view of the fast moving goods which are being sold via Neckermann.com, D5avenue.com and the Neckermann stores located in The Netherlands and Belgium.

In six to eight weeks from this date the management of Readen Holding Corp expect to have the audit finalized. The finalized audit will mark the first major step towards the target of an up listing to the OTCQX.

Ronald Steenbergen, CEO, Readen Holding Corp, stated, "With the first steps taken towards being fully audited we take another big step towards showing our investors the true value of what we have built in the last years."

Readen Group's mission statement: To be a valuable and reliable partner for customers, suppliers and investors in terms of quality, communications and service. Adding value for all the stakeholders is the main objective.

This press release may contain forward-looking statements, including, but not limited to, statements regarding Readen Holding Corporation and its plans, products and related market potential. 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" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Readen Holding Corporation's postings on the OTC Markets Disclosure &; News Service and future filings with the Securities and Exchange Commission, which 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.