RELM Holdings Inc. Launches the Relm Technology Group
05 Novembre 2009 - 7:12PM
Marketwired
RELM Holdings Inc. (PINKSHEETS: RELM) establishes a foundation for
growth of its Information Technology Division by creating the Relm
Technology Group (RTG). The creation of RTG will help to
differentiate Relm's focus on Technology Support Services and
related Technology Based Solutions from its Real Estate
initiatives. Access Versalign and Versalign are the first operating
divisions to be aligned under the RTG structure. Future
acquisitions of Information Technology companies will be inserted
into the RTG framework to maximize the operational synergies, align
service offerings and manage client relationships.
According to Marc Greenberg, EVP, "The creation of the Relm
Technology Group allows us to establish a focus on technology
solutions and provides a clear market identity for our IT Service
offerings. It also provides a roadmap and structure for our future
growth both organically and through acquisition."
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.
About AVI
AVI was organized in 2008 and in 2009 acquired Versalign Inc.,
which was founded in 1985 and currently provides targeted
Information Technology solutions for corporate, professional and
governmental clients in the Mid-Atlantic region. AVI provides RELM
with new top management plus it increases the employee base to over
25 employees. This acquisition gives RELM access to cash flows and
expanded business opportunities in the information technology
industry. For more information about Versalign, please visit
www.versalign.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 newly expanded business model or acquire
businesses and real estate, actual results may differ materially
from the expectations expressed in the forward-looking
statements.
Contact: RELM Holdings Inc. manager@relmholdingsinc.com
Relm (CE) (USOTC:RELM)
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