SOURCE: Relm Holdings Inc.

March 19, 2010 10:23 ET

RELM Holdings Inc. Announces $30 Million Debt Offering

WILMINGTON, DE--(Marketwire - March 19, 2010) -  RELM Holdings Inc. (PINKSHEETS: RELM) -- RELM Holdings, Inc. today announced that it is proposing to issue $30 million aggregate principal amount of senior notes due 2015 (the "Notes") in a private debt offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

RELM intends to use the net proceeds from this private offering for general corporate purposes, which may include funding of potential acquisitions, repayment of the Company's indebtedness, capital expenditures or the purchase of commercial real estate projects.

The Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, to "accredited investors" under Regulation D, Rule 506 of the Securities Act of 1933 and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

Safe Harbor / Forward-Looking Statements
This news release includes information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as 'expect,' 'should,' 'could,' 'shall' and similar expressions. These statements are subject to risks and uncertainties, and actual results and events could differ materially from what presently is expected. Factors leading thereto may include without limitations general economic conditions, conditions in the markets RELM is engaged in, behavior of customers, suppliers and competitors, technological developments, estimates regarding liquidity and capital requirements, plans for raising capital to implement our business plan, as well as legal and regulatory rules affecting RELM's business. This list of factors is not intended to be exhaustive. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors, plans for future products and services and for enhancements to existing products and services.

About RELM
RELM was incorporated to acquire operating businesses and is now a holding company with a primary focus on financial and information technology services along with real estate. The Company bases its business model on the acquisition of synergistic businesses with the capability to support and complement its financial and technology products. RELM intends to lead a vertically integrated family of companies that will provide full solutions for its affiliates and clients, such as underwriting, servicing, raising capital, and commercialization, while securitizing and guaranteeing its products in the marketplace. Since 1994 the Company has conceived, designed, and developed innovative, new products that "absorb asset risk." For more information about RELM, please visit www.relmholdingsinc.com.

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