RELM Holdings Inc. Seeks an Investment Banking Advisor
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| Posted
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Tue, 03 Nov 2009 17:54:16 GMT |
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RELM Holdings Inc. |
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Press Release |
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WILMINGTON, DE -- 11/03/09 --
RELM Holdings Inc. (PINKSHEETS: RELM) seeks
to engage an investment banking firm to represent and advise the company as
it continues to pursue the planned acquisitions of several Information
Technology service companies that will complement the offerings of Access
Versalign Inc. (AVI).
RELM expects the Investment Banking firm to advise and consult on
acquisition structures, valuation models, and funding sources to complete
the prospective transactions.
According to Randall Burton, President, "We are very pleased with the level
of expertise and enthusiasm that we have seen in the groups that we have
interviewed. We expect to sign an engagement agreement in the near future
and look forward to increasing the depth of talent on our team."
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 compliment 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
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