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$RHCO READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FILING OF DECEMBER 31, 2021 FINANCIAL STATEMENTS WITH OTC MARKETS, REVENUE UP 67.7%
Press Release | 02/11/2022
READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FILING OF DECEMBER 31, 2021 FINANCIAL STATEMENTS WITH OTC MARKETS, REVENUE UP 67.7%



READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company has filed its financial statements for the quarter ending December 2021 with OTC Markets Disclosure & News Service. RHCO reported an increase in Revenue of 67.70% compared to the quarter ending September 2021. The Company recorded a minor loss yet compared to last quarter the loss was cut down by 88.63%. Net Assets saw an increase of 1.45%.



The positive result was due to the soft launch of OkeApp (www.okepartners.com), the Companys new discount referral app. A notable number of new merchants were signed up before the holiday season and started to generate revenue. The Company also see Revenue increased in Readies (www.readies.biz), its own developed e-voucher. The uptrend of OkeApp and Readies is expected to continue in 2022, as both businesses will be flourish in full speed. OkeApp has welcomed more merchants and members before Chinese New Year, and Readies online platform will be evolving into an online distributor which start to offer more than 200 popular prepaid gift cards for sale.



In an earlier announcement, the Company announced that its Fintech Division, which includes OkePay, OkeApp and Readies, has recorded a 700% revenue gain in January 2022 comparing to December 2021. That one months revenue approximately equals to the total revenue of the Division in the last six months of 2021.



Richard Klitsie, CEO of RHCO stated, RHCO is happy to announce the completion of its quarterly filing. The result is indeed promising, and the management strongly believes that this is only the beginning of something great coming. We have anticipated last quarter to be the last one with a losing result, and we are more than confident that this first quarter of 2022 will see a notable profit. We are looking forward to a fruitful year ahead, and I think all RHCOs shareholders should be as excited as we are.



Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;



www.okepay.biz

www.readies.biz

www.okepartners.com

www.oktoken.biz

www.neckermanndirect.eu

www.twopercent.hk

www.fligrofood.com



RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.



For further information please contact RHCO at [e-mail]

or [phone]

The RHCO corporate email address is [e-mail]

The RHCO corporate website can be accessed at www.readenholdingcorp.com

The RHCO Twitter account can be accessed at https://twitter.com/readenrhco



This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.



Contact

Readen Holding Corp.

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