SOURCE: Readen Holding Corporation

April 02, 2014 11:40 ET

READEN HOLDING CORP. (PINKSHEETS: RHCO) Announced the Starting of a New Distribution Office and the Signing of a Distribution Agreement Between Readen Industries and the New Office Readen International Istanbul

HILVERSUM, THE NETHERLANDS--(Marketwired - Apr 2, 2014) - READEN HOLDING CORP. (OTC Pink: RHCO) (PINKSHEETS: RHCO) announced the starting of a new distribution office and the signing of a distribution agreement between Readen industries and the new office Readen International Istanbul.

The new distribution agreement includes distribution of D5 Telecom and security products. Readen International Istanbul other activity will be Nedfiber representation for Turkey and Cyprus markets. Nedfiber is a RHCO subsidiary active in the installment and operation of internet Glassfiber optic networks (internet connection, iptv, voip, security).

Readen International Istanbul is holding office at Barbaros Mahallesi, Morsumbul sokak No: 1 Varyap Meridian Business Center I-Blok Kat: 10 D: 136 Atasehir / Istanbul.

The office has six employees: three employees for sales of Nedfiber and D5 telecom and three technical project support engineers for Nedfiber. Readen International Istanbul will mainly focus on the Turkish and Cyprus Markets.

Readen Turkey's Director, Osman Boyraci, has been director with Readen Holding Corp's sales divisions for three years and is a well-known marketing director with experience in Hong Kong and The Netherlands.

Opening office in Turkey is in line with RHCO's expansion in Europe. Turkey has been the fastest growing economy of Europe in 2011 and 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 (Glassfiber optic networks, Internet solutions, 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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