Readen Holding Corp.

April 03, 2012 09:58 ET

Readen Holding Corp. (PINKSHEETS:RHCO) Announced Signing a Contract With one of the Largest Telecom Prepaid Suppliers in the World; Lebara Group (

HILVERSUM, THE NETHERLANDS--(Marketwire - April 3, 2012) - READEN HOLDING CORP (PINKSHEETS:RHCO) Announced today that MOHO telecom ltd a 100% subsidiary of Readen holding corp signed a contract with on off the largest telecom prepaid suppliers in the world; Lebara Group (

Starting may 2012 the two companies will work together by placing sales cabinets in the 720 locations of the so called "Lebara blue stores" in the Netherlands. In each of the stores Moho Telecom will place a presentation cabinet what includes 26 models of mobile phone handsets supplied by Moho telecom. The cabinets will be placed on a rack jobbing system they will be fully serviced and supplied by the MOHO logistics-, and sales operation.

Each cabinet will contain from the start 20 single and dual simm D5 Mobile branded (Moho Telecoms private label) Bar and Smartphone's and 6 phones from the brands Nokia, Samsung and Motorola. All phones will be supplied with free Lebara sim cards incl free €.15,= calling credits the phones will retailed for prices starting at €.19,= till €. 69,=.

The companies forecast to distribute approx. 150.000 phones on top off the company's regular distribution in the first 12 months with an average retail price of €. 39,=. The extra sales revenue for MOHO Telecom will be approx. €. 2.500.000,=. Website

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).

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.

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