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RELM Holdings Inc. Executes a Letter of Intent for Acquisition of a South East Electronic Document Management Company

By Brad Jenkins

RELM Holdings Inc. (PINKSHEETS: RELM) announced today that it executed a Letter of Intent (LOI) to acquire 100% of the equity interests in a well established Electronic Document Management company with facilities in the South East and Midwest.

Management noted that the target company will remain undisclosed pending the execution of definitive agreements per customary non-disclosure terms agreed on by the parties. The Company, founded in 1990, provides high-quality document management services to its clients in the pharmaceutical, legal, financial services, healthcare and commercial markets through electronic discovery, computer forensics, litigation support, commercial imaging, online collaboration, forms processing, and other services. Revenues for 2009 are expected to exceed $3,300,000.00. With this acquisition, Relm's annual technology revenues will exceed $5,000,000.00. Management will provide consolidated pro-forma statements once due diligence has been completed.

Management plans to operate the Company within the newly formed Relm Technology Group (RTG) and the Company's key executives will become members of the RTG Executive Management Team.

Full post as published by Litigation support industry business news and information on November 10, 2009 (boomark / email).