/ CORRECTION - RELM Holdings Inc. Posts Financials for Fourth Quarter Ended December 2008

  In the news release, " RELM Holdings Inc.
Posts Financials for Fourth Quarter Ended December 2008," issued yesterday
by RELM Holdings Inc. (PINKSHEETS: RELM), we are advised by the company
that the last sentence of the third paragraph should read "There was
$36,051,690 in cash equivalents in the form of marketable securities and
other current assets on hand from a related company at the end of December
31, 2008." rather than "There was $36,051,690 in cash equivalents and other
current assets on hand at the end of December 31, 2008." as originally
issued.  Complete corrected text follows.

RELM Holdings Inc. Posts Financials for Fourth Quarter Ended December 2008

WILMINGTON, DE -- May 14, 2009 -- RELM HOLDINGS INC. (PINKSHEETS: RELM), posted its financial results for the fourth quarter ended December 31, 2008 on the website: www.relmholdingsinc.com.

RELM incurred a net loss of $6,023, for the quarter ended December 31, 2008, compared to a net loss of $2,637 for the quarter ended December 2007. The basic and diluted loss per share was $.000011 for the quarter ended December 31, 2008. The basic and diluted loss per share was $.000027 for the quarter ended December 31, 2007.

RELM's real estate acquisition subsidiary (Relm Real Estate Holdings Inc.) incurred a net loss of $1,468,460, for the quarter ended December 31, 2008. There was $36,051,690 in cash equivalents in the form of marketable securities and other current assets on hand from a related company at the end of December 31, 2008.

President Randall G. Burton stated, "Our fourth quarter results are reflective of the economic climate and industry slowdown in real estate funding, similar to other companies in real estate acquisitions. However, we continue to focus on several specific real estate acquisitions, and we continue to target other compatible businesses not only to increase, but to diversify our revenue and expand our business model." RELM expects to complete a business acquisition by the end of the second quarter.

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 the Company, please visit www.relmholdingsinc.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 acquiring businesses and real estate, actual results may differ materially from the expectations expressed in the forward-looking statements.

Contact: RELM Holdings Inc. [e-mail]