RELM Holdings Inc. Posts its Nine Month Financial Statements

WILMINGTON, DE, Oct. 21  /PRNewswire-FirstCall/ -- RELM HOLDINGS INC. (RELM: OTC.PK), posted its Nine Month Financial Statements ending September 30, 2009, on two websites: http://www.relmholdingsinc.com/ and http://www.pinksheets.com/.

RELM has consolidated Access Versalign Inc. (AVI) and RELM Real Estate Holdings Inc. and management has made consolidation adjustments as RELM financials reflect the acquisition of a majority interest in AVI.

The Nine Month, September 30, 2009 results were primarily driven by government and private sector contracts for services and product sales in the information technology area that produced total revenue of $1.55 million through September 30, 2009. These transactions allowed the company to finish the nine months with an adjusted EBITDA of $176,816, and a pretax income of ($7,024).

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."

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 http://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.,  

DATASOURCE: RELM HOLDINGS INC.



CONTACT:  RELM Holdings Inc., 

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