9 Nov 2022
Readen Holding Corporation (OTC Pink: RHCO) Announces Filing of September 30, 2022 Financial Statements with OTC Markets
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 September 30, 2022 with OTC Markets Disclosure & News Service. RHCO reported an increase in Revenues of 410% compared to same period of 2021. Yet due to a dispute with one of the major payment providers regarding technical issues, the Company’s own payment gateway OkePay has setback in revenue for a period of five weeks during that quarter. This resulted in an underperforming quarter, however the Company still managed to record a moderate profit.
RHCO has now been working with new payment providers and OkePay is back on the right track. The Company expects a strong come back quarter as it has been actively developing its discount referral platform Oke Partners (www.okepartners.com), and started recruiting members for Oke Travel Club (www.oketravelclub.com) (oketravelclub.enjoymydeals.com).
Richard Klitsie, CEO of RHCO stated, “The Company wishes to thank all of its shareholders for their support. We had a promising quarter, but unexpected challenges came up. Our team are committed and being ready to take all challenges, solve problems, and create new solutions on a daily basis. We are now back on track and looking forward to an exciting season ahead with all our initiatives running in full speed.”