READEN HOLDING CORPORATION (OTC PINK: RHCO), a leading Venture Capital Corporation in the Fintech, Online Payment, and E-commerce industries, today announces the appointment of two new members to its esteemed management team. Ridzky Berg assumes the role of Chief Operating Officer, while Ilker Torlak takes on the position of Director of Fintech, effective immediately.

Ridzky Berg - Chief Operating Officer

Ridzky Berg is a dynamic professional with a Bachelor's degree in Aviation, graduating in 2017 from Hogeschool van Amsterdam. His passion for IT technology in aviation led him to pursue a career in the aviation industry, where he honed his skills and expertise in the field. Upon graduation, Ridzky seamlessly transitioned into the Fintech sphere, where he demonstrated remarkable adaptability and acumen in navigating the fast-paced digital landscape. His experience in aviation instilled in him a disciplined approach to operations and a keen eye for detail, qualities that have proven invaluable in his career.

Throughout his professional journey, Ridzky has encountered and overcome various challenges, including those posed by the COVID-19 pandemic. His resilience, coupled with a strong work ethic, has consistently propelled him forward, earning him recognition as a reliable and results-driven leader. As Chief Operating Officer at RHCO, Ridzky Berg is poised to leverage his diverse skill set and industry knowledge to drive operational excellence and contribute significantly to the company's growth and success.

Ilker Torlak - Director of Fintech

Ilker Torlak is a graduate in Management Information Systems from Stevens Institute of Technology, where he honed his skills in database management, systems analysis, and software development. His academic journey was marked by a strong entrepreneurial flair and a passion for merging technology with business strategies.

Throughout his career, Ilker has excelled in identifying opportunities and implementing innovative solutions in the Fintech sector. His expertise extends beyond technical domains, encompassing leadership, team management, and strategic decision-making. Ilker's professional journey includes notable contributions to Fintech companies, where he played a pivotal role in driving growth and operational efficiency. His ability to bridge technical complexities with business objectives has earned him recognition as a forward-thinking and impactful leader.

As Director of Fintech at Readen Holding Corporation, Ilker Torlak is committed to leveraging his expertise to spearhead innovative initiatives, enhance digital capabilities, and contribute to RHCO's vision of revolutionizing the Fintech landscape.

Harry Westbroek, CEO of RHCO stated, "We are thrilled to welcome Ridzky Berg as our new Chief Operating Officer and Ilker Torlak as our Director of Fintech. These appointments mark a strategic move for RHCO, aligning with its vision of innovation and growth in the Fintech, Online Payment, and E-commerce sectors. Ridzky Berg and Ilker Torlak bring a wealth of experience and fresh perspectives to the company, poised to drive success and create meaningful impact in their respective roles.

READEN HOLDING CORPORATION (OTC PINK: RHCO), a leading Venture Capital Corporation active in the Fintech, Online Payment, and E-commerce sectors, announced today its return to "Pink Current" status on OTC Markets.

The Company had received the "Yield Sign" due to change of management in Q3 2023, which necessitated the submission of new compliance documents. The process has taken longer than expected and it also caused delays in in filing financial statements for the quarters ending September 2023 and December 2023 to the OTC Markets Disclosure & News Service, resulted in the prolonged presence of the "Yield Sign". Following the completion of necessary updates and disclosures in its filings, OTC Markets has removed the "Yield Sign", reinstating RHCO's "Pink Current" tier status.

For the quarter ended December 2023, RHCO reported robust financial performance with a remarkable revenue increase of 117.6% compared to the previous quarter. Additionally, the Company achieved a profit of $1,304,371 for this period, reflecting a notable surge of 94.5% from the last quarter.

Harry Westbroek, CEO of RHCO stated, "We apologize for the recent lack of updates, but despite the 'Yield Sign' period, RHCO has been performing impressively. Our payment system, Readies, has gained significant traction among European online merchants for its secure and convenient platform, benefiting both merchants and customers. Alongside this, RHCO is actively involved in several exciting new initiatives, with more details to come soon. We are excited to be back on track and anticipate another year of substantial growth for RHCO."

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 September 2023 and December 2023 to the OTC Markets Disclosure & News Service.

The delay in filing for both quarters was attributed to the Company's renewal of information to OTC Markets following a change in management. Mr. Johannes H Westbroek (a.k.a. Harry Westbroek) was appointed as the new Chief Executive Officer of RHCO on September 1, 2023. OTC Markets currently displays a "Yield Sign" on RHCO, yet the Company anticipates its removal after OTC Markets reviews the submitted filings.

RHCO reported robust financial performance for the quarter ended December 2023, with a remarkable revenue increase of 117.6% compared to the previous quarter. Additionally, the Company achieved a profit of $1,304,371 for this period, reflecting a notable surge of 94.5% from the last quarter.

The impressive performance was primarily fueled by Readies, the payment system developed and operated by Finexeble S.R.O., a subsidiary of RHCO. Since its inception in late 2021, Readies has garnered significant popularity among online merchants across Europe for its secure and convenient payment platform catering to both merchants and customers. The latest version of Readies, incorporating blockchain technologies, was launched in Q4 2023. With its advanced security features and enhanced functionalities, the Company foresees a substantial increase in merchant and customer adoption. It is projected that within 2024 Readies will generate between 50M to 100M EUR in revenue per month, with an average profit margin of 1% to 2%.

Harry Westbroek, CEO of RHCO stated, “We apologize for the lack of information in recent months. We are pleased to resume regular communication with our shareholders. RHCO has numerous ongoing plans to be announced, and we anticipate an exciting year ahead.”