WILMINGTON, Del., June 12 /PRNewswire-FirstCall/ -- Relm Holdings Inc. (Pink Sheets: RELM) (hereinafter the "Company") announced the acquisition of Relm Real Estate Holdings Inc. in a share exchange of convertible preferred stock. On June 3, 2008, the Company purchased 100% of the issued and outstanding shares of Relm Real Estate Holdings Inc. from the Cremel Group Inc. (the "Seller") by issuing class B convertible preferred stock to the Seller. The Company agreed to a purchase price that is subject to adjustment based on the actual audited equity value of Relm Real Estate Holdings as of December 31, 2008. The Seller's class B convertible preferred stock of the Company will be held in escrow until the final purchase price has been determined from the 2008 audited financial statements, which are expected to be delivered before May 30, 2009. The Seller has shareholders and directors in common with the Company and the transaction was not arms length. About Relm Holdings Inc. The Company's business model focuses on real estate acquisitions and management. For more information about Relm Real Estate Holdings Inc., visit http://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 business plans through the newly acquired real estate company, actual results may differ materially from the expectations expressed in the forward-looking statements. Contact: Relm Holdings Inc. 200 West Ninth Street, Suite 314 Wilmington, DE 19801 Tel: 302-352-5992 DATASOURCE: Relm Holdings Inc. CONTACT: Relm Holdings Inc., +1-302-352-5992, Web site: http://www.relmholdingsinc.com/

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