February 15, 2005
Wendy Porter and Don Calder Appointed as Directors
(Vancouver, BC) – Radiant Communications Corp. (“Radiant”) (TSX Venture Exchange: RCX), one of Canada’s largest independent providers of IP-based data communications and Internet services, announced today that Wendy Porter and Don Calder have accepted appointment to Radiant’s Board of Directors. Marc Bouchard and Omaya Elguindi have both resigned from the Board.
Wendy Porter is a seasoned communications technology expert with in-depth experience in the payment processing industry in Canada and the United States. She has held several senior positions with both Moneris Solutions and the Bank of Montreal and most recently was the President of Vital Merchant Services of Sacramento, California. Ms. Porter is a well-respected visionary in the field of electronic payment processing and will be a tremendous asset in helping Radiant focus on the national retail and financial services industries.
Don Calder is the former CEO and President of BC Tel, former CEO of the Vancouver 2010 Olympic Bid committee, past SFU Executive in Residence and former Chair of the United Way of the Lower Mainland among many other accomplishments. His addition to the Radiant Board will bring a wealth of experience in the telecommunications sector as well as extensive board and governance experience.
"I consider this a tremendous step forward in the growth and maturity of Radiant Communications.” said Chris Worthy, Radiant’s Chairman of the Board. “Both Don and Wendy have proven skills in successfully running telecommunications and technology based businesses. They have each worked with Boards of varying sizes and will bring a welcome focus to Radiant’s product and market strategy. I would like to thank Marc and Omaya for their longstanding service and valuable contributions to Radiant.”
As new Board appointments Ms. Porter and Mr. Calder will each be granted options in the capital of the Company to purchase up to 75,000 common shares from treasury at an exercise price of $0.40 per common share vesting over three years and expiring on February 14, 2010. These options were granted pursuant to the Company's incentive stock option plan, under which a maximum of 3,522,313 common shares are reserved for issuance
About Radiant Communications
Established in 1996, Radiant Communications Corp. (www.radiant.net) provides a single source for businesses requiring IP data communications services, high-speed Internet connectivity, network security, web hosting, web development and marketing services. The company currently serves over 10,000 business customers primarily in Canada and the United States with a team of 125 employees nationwide. Radiant has offices in Toronto, Montreal, Calgary, Edmonton and Vancouver.
For More Information
Investors & Media: Chuck Leighton, CFO, 604-692-4531, cleighton@radiant.net
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
|
