Radiant Updates New Product Launch and Announces New Board Appointment |
February 5, 2008
Radiant Updates New Product Launch and Announces New Board Appointment
February 5, 2008 (Vancouver, BC) – Radiant Communications Corp. ("Radiant") (TSX Venture Exchange: RCN), Canada's leading supplier of broadband solutions for business, today announced that in the first 30 days of availability 5 major customers totalling more than 360 seats have ordered AlwaysThere™ Hosted Exchange.
“Having stress tested our new AlwaysThere Hosted Exchange product with beta customers throughout Q4 of 2007, January is really the first month we have been prepared to provision and install on a commercial basis,” said David Buffett, President and CEO of Radiant. “I am very pleased to report that five significant customers totalling over 360 seats are now contracted with over half of these seats provisioned and generating revenue today. Virtualization has become the new standard for cost and power efficient operation of data centers. Radiant is leveraging this new technology to deliver industry-standard, mission critical applications like Microsoft Exchange as Software-as-a-Service, thereby enabling small and medium businesses to save money, reduce complexity, and enhance business continuity.”
Radiant is also pleased to announce that Mr. Ian Power has been appointed to the Radiant Board of Directors effective immediately. Mr. Power has been a Chartered Accountant in Vancouver for over 28 years. Mr. Power has been Chief Financial Officer of a number of Vancouver-based companies including Norsat International Inc., Starcom International Inc. and Strand Capital Corporation. He is currently an Independent consultant in corporate finance and accounting and is an independant director of Pender Growth Fund (VCC) Inc.
ABOUT RADIANT COMMUNICATIONS
Radiant Communications Corp. (www.radiant.net) provides businesses with a comprehensive range of IP-based data communications services including the largest on-net DSL footprint across Canada, T1 and E10/E100 fibre broadband, MPLS, IPSec, and SSL private networking. From its data centres in Toronto and Vancouver, Radiant also delivers network-based Microsoft Exchange®, email archiving, digital voice, credit/debit payment processing, and disaster recovery services via VMware-powered grid computing facilities directly connected into customers’ private networks.
In operation since 1996, the company currently serves over 14,000 business locations in Canada and the United States from its offices in Vancouver, Toronto, Montreal, Calgary, and Edmonton.
For More Information:
Investors and Media: Chuck Leighton, CFO, 604-692-4531, cleighton@radiant.net
Broadband Solutions for Business, TriplePlay VPN, and AlwaysThere are registered trademarks of Radiant Communications Corp. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
This press release may contain forward-looking statements, including statements regarding the business and anticipated financial performance of Radiant, which involve risks and uncertainties. These risks and uncertainties may cause Radiant's actual results to differ materially from those contemplated by the forward-looking statements. Factors that might cause or contribute to such differences include, among others, competitive pressures, the growth rate of the Internet and telecommunications concerns, constantly changing technology and market acceptance of Radiant’s products and services. Investors are also directed to consider the other risks and uncertainties discussed in Radiant's required financial statements and filings. All other companies and products listed herein may be trademarks or registered trademarks of their respective holders.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
|
