11 Feb 2022
Readen Holding Corporation (OTC PINK: RHCO) Announces Filing of Dcember 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 Company’s 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 month’s 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 RHCO’s shareholders should be as excited as we are.”