Readen Holding Corp.

April 05, 2012 08:24 ET

Readen Holding Expands Their Distribution of Lebara Telecom Prepaid Credit to France

HILVERSUM, THE NETHERLANDS--(Marketwire - April 5, 2012) - READEN HOLDING CORP. (PINKSHEETS:RHCO) announced today that D5 Mobile Sarl France, a 51% owned subsidiary of RHCO signed a NEW distribution contract with Lebara telecom, one of the world's largest prepaid telecom operators ( D5 Mobile France started operations as distributor of all D5 Mobile products a registered brand of Moho-telecom, a 100% subsidiary of RHCO involved in designing and distribution of mobile telecom Hardware.

This new distribution contract will be a strong addition to the product line of the company in France and boost the sales of sim cards and credit vouchers for the Lebara label.

With the distribution of Lebara's product Moho telecom has been successful in the Netherlands since October 2011 .D5 Mobile Sarl will, now that this contract has been signed, start distribution and sales in the French Market during this month.

Mr.G.R Steenbergen president of Readen Holding Corp (PINKSHEETS:RHCO) said:

In combination with the signing of the contract earlier this week by Moho telecom and Lebara for the placing of the 720 mobile phone sales cabinets we do one more step in the direction towards our mission of becoming a global distributor of the complete telecom value chain (SIM cards, mobile phones and mobile applications).

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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