Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation focused on the Fintech, Online Payment, and E-commerce sectors, today announced the seamless integration of its innovative hybrid payment platform, Readies (www.readies.biz), operated by subsidiary Ares Technology Limited, into OpenCart — one of the world’s premier open-source e-commerce platforms. This strategic alliance significantly expands Readies’ reach, making it accessible to over 400,000 active OpenCart merchants worldwide. As part of this initiative, Readies will be featured as a prime payment solution on OpenCart, with all onboarding fees waived for merchants, providing them with enhanced payment options like never before.

Originally launched in late 2021 as an eVoucher payment system, Readies quickly became a favored choice among online merchants, particularly those in industries underserved by traditional payment providers, such as crypto, gaming, adult entertainment, food supplements, MLM, etc. The platform offers a secure, efficient, and user-friendly alternative for processing transactions.

The latest version of Readies has evolved into a cutting-edge hybrid payment solution, leveraging blockchain technology to enhance both security and privacy. Supporting over 100 payment options, including major credit and debit cards, local wallets, direct banking, and cryptocurrencies, Readies operates on the BNB Smart Chain, ensuring stable value transfers and robust protection against fraud. Despite its advanced technology, Readies remains simple to use, with 1 Readies equivalent to 0.1 EUR and no gas fees for customers. Merchants benefit from lower transaction fees and faster payout times, making it an attractive option for a wide range of businesses.

Readies is fully compatible with the latest OpenCart Cloud, the most advanced version of OpenCart, as well as all other versions of OpenCart, and is available as an extension in the OpenCart Marketplace. OpenCart Cloud represents the cutting edge of e-commerce technology, offering merchants a cloud-based, scalable solution designed to handle the demands of modern online businesses with unparalleled flexibility and ease. OpenCart merchants can easily download the Readies extension and integrate it into their online stores, simplifying the process of adding a robust, versatile payment solution. Unlike platforms like WooCommerce, Shopify, or PrestaShop, OpenCart offers merchants the freedom to develop tailor-made payment functions, making Readies a spectacular solution that’s perfectly suited to their needs.

With its integration into OpenCart, Readies is now accessible to over 400,000 merchants worldwide, significantly expanding its market reach. This collaboration is expected to not only enhance the payment options available to OpenCart merchants, but also drive growth for OpenCart by offering a payment solution tailored to the needs of many of its users, making it a perfect match for both platforms. Looking forward, Readies and OpenCart will explore more collaboration opportunities, including initiatives to provide incentives to developers who choose to integrate Readies into their solutions.

Ridzky Berg, CEO of RHCO, commented, “Our collaboration with OpenCart is a pivotal step not only in expanding the accessibility of Readies but also in driving significant growth for our company and value for our shareholders. By integrating our innovative payment solution into OpenCart's vast ecosystem, we are tapping into a global network of over 400,000 merchants. This expansion is expected to accelerate Readies’ adoption, thereby increasing transaction volumes and revenue streams. As more merchants adopt Readies, we anticipate a substantial positive impact on our financial performance, further strengthening our market position and delivering long-term value to our shareholders.”

About OpenCart

OpenCart is a powerful and widely adopted open-source e-commerce platform, first launched in 2008. It has since evolved into a trusted solution for businesses of all sizes, providing the tools needed to create, customize, and manage online stores with ease. With the recent introduction of OpenCart Cloud, the platform now offers a cloud-based, scalable solution designed to meet the demands of modern e-commerce. Serving over 400,000 active merchants globally, OpenCart continues to be a leader in the e-commerce industry, offering a vast marketplace of extensions, themes, and integrations.

Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation focused on the Fintech, Online Payment, and E-commerce sectors, today announced the cancellation of its previously planned acquisition of a 9% stake in Excellentaste International Group Limited in Hong Kong (hereinafter “Excellentaste International, Chinese brand known as 良糧國際).

The acquisition plan was initially announced in February 2024. However, after comprehensive due diligence, RHCO has decided to withdraw from the acquisition. Despite the initial excitement and strategic alignment identified, the due diligence process revealed several factors that led to this decision. RHCO prioritizes transparency and rigorous evaluation in all its investments to ensure long-term value creation for its shareholders.

Ridzky Berg, CEO of RHCO stated, “While we were enthusiastic about the potential synergies between our online retail subsidiaries Neckermann Direct, Two Percent, and Excellentaste International, our thorough due diligence process is critical to safeguard our shareholders' interests. It is essential that we remain prudent and selective with our investments. We are confident that this decision aligns with our commitment to maintaining the highest standards of financial integrity and operational excellence.”

RHCO continues to seek strategic opportunities that align with its growth objectives and business model. The company remains dedicated to expanding its footprint in the Fintech, Online Payment, and E-commerce sectors and leveraging innovative solutions to enhance its market presence.

READEN HOLDING CORPORATION (OTC PINK: RHCO), a leading Venture Capital Corporation active in the Fintech, Online Payment, and E-commerce sectors, announced today the submission of its financial statements for the quarters ending March 2024 to the OTC Markets Disclosure & News Service.

RHCO reported solid financial performance for the quarter ended March 2024, with a revenue increase of 37.8% compared to the quarter ended December 2023. Additionally, the Company achieved a net profit of $837,741 for this period.

This quarter's financial performance highlights the continued success and market acceptance of Readies, the cutting-edge payment solution developed by RHCO’s subsidiary, Finexeble S.R.O. Readies has been revolutionizing the payment industry since its launch in late 2021 by offering secure, efficient, and user-friendly services to both merchants and customers. With the recent rollout of blockchain-enabled features in Q4 2023, Readies now offers unparalleled security and advanced functionalities. The platform’s robust performance and innovative technology have set the stage for substantial growth in 2024, with expectations of generating significant monthly revenues and maintaining healthy profit margins.

Harry Westbroek, CEO of RHCO, commented, “We are thrilled with our Q1 2024 results, showcasing our company's resilience and growth trajectory. Our commitment to innovation, particularly through Readies, has been a cornerstone of our success. The integration of blockchain technology has been a game-changer, enhancing security and providing our users with even more reliable and efficient payment solutions. Looking ahead, we have numerous exciting initiatives in the pipeline aimed at further expanding our market presence and driving sustainable growth. Our team is dedicated to maintaining this momentum and delivering exceptional value to our shareholders. We appreciate the continued support and patience of our shareholders and are confident that 2024 will be a transformative year for RHCO.”