Readen Holding Corp. (OTCPK:RHCO) signed a letter of intent to acquire GRS Capital Group for approximately $210 million on March 5, 2013. The acquisition is being done as a result of a $100 million loan from Readen's management, the issuance of a $95 million convertible note to three third parties and the issuance of 100 million Readen Holding shares under rule 144 to GRS Capital Group's shareholders and creditors.

On March 13, 2013, Readen Holding Corp. (OTCPK:RHCO) signed an agreement to acquire GRS Capital Group. Post acquisition, Readen Holding will change the business scope of GRS Capital to focus on becoming a main supplier to electronics manufacturers and the medical industry.

The deal is expected to increase shareholder value and increase the level of our organizations performance and value.