Relm Holdings Inc. (RELM)

[Ken B]

Good News!!! As of 12/31/2010 RELM has declined to move forward with any of the previously announced
proposed acquisitions due to a combination of valuation, due diligence concerns, market
conditions, and geography. Management has instead decided to focus on organic growth in our
existing businesses while exploring potential synergistic opportunities.


I Think this was a good move for the company to not go into debt for a acquisition, but to drive revenue through Versalign. Before Versalign was sold off and broke up into pieces it was a 90 million dollar a year company. We ended up with the best slice of the pie because we got Marc Greenberg with the deal. He was one of the co founders of Versalign.