RELM to Commercialize the Access Channel Software Platform
13 Maggio 2010 - 5:33PM
Marketwired
RELM Holdings Inc. (PINKSHEETS: RELM)
Through its subsidiary Access Versalign, RELM has engaged Valex
Consulting, Inc., a Philadelphia based application development and
software consulting firm, to re-develop and enhance the Access
Channel Software Platform.
Valex has been engaged to re-write the suite of Access Channel
modules using an integrated Browser-based Application Service model
leveraging the latest Microsoft products including .NET and SQL
Server Technologies. This transformation will provide RELM with a
secure and easily deployable commercial application that will allow
RELM to customize and brand its secure Lending and Securitization
Platform to Banks, Investors, Lenders and Servicers.
RELM expects to complete the software conversion in the coming
months and immediately plans to prepare to launch the product
through the solicitation of a lending institution willing to
conduct a Pilot Program to demonstrate the commercial success of
the application and underlying business model.
About the Access Channel Software
Platform:
The Access Channel software platform, created in 1996 and
copyrighted in 2000, simultaneously underwrites, securitizes,
analyzes default risk, and prepares legal and trust indenture
documents for a loan or a pool of loans. In addition, the Software
provides total transparency for Banks, Insurance Companies,
Investors, and Borrowers allowing the ability to monitor payments
and balances. The predictive Alert System provides up to 60 months
advance warning of any pending deficiencies affording an extended
period of time to address the underlying impairments, compared to
conventional underwriting systems and methods.
The Access Channel platform supports a unique and proprietary
securitization model that obviates the reliance on the underlying
assets as collateral. The related bond offering, managed by
Investment Bankers, is instead secured by a proprietary blend of
U.S. Treasury products as enhanced Collateral for the investors.
The Platform maximizes the use of the capital without co-mingling
to make new loans, cover new costs or address a portfolio of
delinquent loans by bringing them current without a reduction in
value or liquidation at a discount resulting in a reduction of loan
loss reserves.
About Valex Consulting:
Valex Consulting, founded in 2001, is a management and
technology services firm specializing in business technology
strategy, enterprise application development and integration. The
company's services include business process management, customer
relationship management, enterprise content management, workflow
management, on-shore outsourcing, and other software solutions.
Valex Consulting clients are drawn from a variety of industries
including pharmaceuticals and health care; non-profits; financial
services; information technology and professional services.
Additional information is available at
http://www.valexconsulting.com.
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." For more information about RELM, please visit
http://www.relmholdingsinc.com.
SAFE HARBOR
This press release contains forward-looking statements including
without limitation those about the Company's estimated revenue and
earnings per share. These statements involve risks and
uncertainties, and actual results may differ. Risks and
uncertainties include without limitation the effect of competitive
and economic factors, and the Company's reaction to those factors,
on consumer and business buying decisions with respect to the
Company's products and services; continued competitive pressures in
the marketplace; the ability of the Company to deliver to the
marketplace and stimulate customer demand for new products,
services, and technological innovations on a timely basis; the
continued availability on acceptable terms, or at all, of certain
components and services essential to the Company's business
currently obtained by the Company from sole or limited sources; the
effect that product and service quality problems could have on the
Company's sales and operating profits; the continued service and
availability of key executives and employees; war, terrorism,
public health issues, and other circumstances that could disrupt
supply, delivery, or demand of products and services; and
unfavorable results of other legal proceedings.
Contact: RELM Holdings Inc.
manager@relmholdingsinc.com
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