SOURCE: Relm Holdings Inc.

March 02, 2009 11:42 ET

Relm Holdings Inc. Seeks New President

WILMINGTON, DE--(Marketwire - March 2, 2009) - Relm Holdings Inc. (PINKSHEETS: RELM) seeks a new president to manage the day to day operations of the company.

The president is expected to bring new business acumen to Relm along with more than 30 years' experience in real estate related activities, such as construction, development, sales and management.

Additionally, the new president is expected to lead the company in finalizing its relationship with Relm Real Estate Holdings Inc. (RREH) and close on four (4) multifamily real estate properties that have been presented to RREH for purchase. Once these properties are finalized and closed his role will be to acquire more revenue producing real estate properties, take on the responsibility of recruiting a new management team and leverage its marketable securities in conjunction with other financing to secure Real Estate Properties.

The Company expects to have the new President on board on or before June 2, 2009.

About RELM

The Company's business model focuses on real estate acquisitions and management. For more information about the real estate subsidiary, Relm Real Estate Holdings Inc. please visits www.relmholdingsinc.com.

Safe Harbor

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans through the newly acquired real estate company, actual results may differ materially from the expectations expressed in the forward-looking statements.

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