Mobile phone and computer assembling firm, rlg Communications, is targeting GH¢ 400 million in revenue this year.

If achieved, the projection will represent a 350 per cent rise in revenue for the previous year 2011.

Trade and Marketing Manager of the company, Eugene Ayitey announced this at a media soiree in Accra.

A subsidiary of the AGAMS Group of Companies, rlg Communications is wholly a Ghanaian-owned limited liability company engaged in the assembling of communications equipment such as mobile phone handsets, electronic notebooks, and desktops.

The company is the first in Sub-Saharan Africa to assemble mobile handsets.

It has 42 training centres nationwide and Care-for-you centres in Accra and Kumasi.

rlg has operations in the Gambia and Nigeria and plans to expand to Sierra Leone, Cote d’Ivoire and Liberia.

The ICT firm trains people under the National Youth Employment Programme in mobile phone repairs and maintenance as well as in the sale and servicing of mobile phones nationwide.

Under the same scheme, NYEP graduates can apply for support worth GH¢2,500 in materials and tools to set up their own repair shops payable in two years.

Mr. Ayitey announced plans to introduce LCD TV monitors and Fusion tablets, a revolutionary dual SIM device with android operating system with a sensitive capacitive touch screen.

According to Eugene Ayitey, rlg is focusing on students and rural areas with less sophisticated, moderately priced handsets produced and made affordable for all customers including low-income earners.

He also touched on the company’s revenue performance over the years and projections for this year.

Officials reaffirmed their commitment to enlist on the Stock Exchange without raising capital.

This will see the company list the whole value of the business without issuing any new shares for capital.

The firm had originally indicated it would offload 45 percent of its business on the stock market to raise about 70 million dollars for expansion of projects by June this year.

If successful, rlg will be the first indigenous firm in the country to enlist on the exchange without raising capital.

rlg has already settled on investment firm IC Securities as the sponsor of its IPO.

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