Radiant Communications Announces Record Revenue and Operating Profit for Fourth Quarter 2005

March 14, 2006 (Vancouver, BC) – Radiant Communications Corp. ("Corporation") (TSX Venture Exchange: RCN), Canada’s leading supplier of Internet-based data communications and Internet services to the business market, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2005 . Revenue in the fourth quarter of 2005 was $4.7 million, an increase of 17.5% over the fourth quarter of 2004 and fourth quarter EBITDA, (see the note below and attached reconciliation to GAAP net income), was $175,908 compared to $7,430 for the same period in 2004. Annual revenue for the year ended December 31, 2005 was $17.6 million, up 17% over 2004. Revenue does not include revenue from the Professional Services activities which have been classified as discontinued operations in anticipation of the sale of the business announced March 8, 2005.

"2005 was a critical year of change and maturation for Radiant and the fourth quarter results are an excellent indication that our efforts are meeting with success ", said Chris Worthy, Chairman and acting CEO of Radiant. "During the year we recapitalized the company replacing debt with equity, made the decision to sell our professional services business, re-structured the organization to maximize the scalability of the customer care activities, initiated a search for a new CEO, grew revenue by 17% and produced an EBITDA of $175,908, (4% of revenue), in the fourth quarter. We firmly believe the managed IP connectivity market for small and medium business is in its infancy with high growth potential. We fully expect to continue our success in 2006 and meet our targets of positive operating cash flow and positive EBITDA fueled by ongoing growth in our recurring revenue base and continuing industry leading margins."

Significant highlights in 2005 included: 

• Added many new key multi-location customers including Glentel, First Ontario Credit Union, Please Mum, Dynamite Stores, and Rentcash, 
• Continued the roll out of existing high value customers including Wal-Mart, Lululemon Athletica, Forzani, Blacks Photo and London Drugs, 
• Continued to generate gross margins above 50% by selling best in class products and services to the SME market, 
• Retired or converted $3 million of senior debentures and $2.75 million of convertible debentures and raised an additional $1.9 million of cash, 
• Made significant changes to the Board to lever Radiant’s strategic growth opportunities, 
• Announced several new products and services to meet the growing security and managed service needs of new and existing clients, 
• Re-structured the core operation to increase scalability and productivity with a lower cost base, 
• Identified the Professional Services segment as a non-core activity and initiated a plan to sell this business, 
• Initiated a search for a new CEO to ensure the Company continues to be a leading edge alternative in the rapidly growing managed IP connectivity and IT outsource market for small and medium businesses in Canada.

Additional details on both the financial year and fourth quarter results, including the Audited Financial Statements and Management Discussion and Analysis, will be made available at www.sedar.com under Radiant Communications Corp.

Non-GAAP Measures

The Company reports EBITDA because it is a key measure used by management to evaluate the Company's performance. The Company believes that EBITDA is useful supplemental information as it provides an indication of the results generated by the Company's main business activities prior to taking into consideration how those activities are financed and taxed and also prior to taking into consideration asset depreciation and other non-cash expenses. EBITDA is not a recognized measure under Canadian GAAP, and accordingly investors are cautioned that EBITDA should not be construed as an alternative to net earnings or loss determined in accordance with Canadian GAAP as an indicator of the financial performance of the Company or as a measure of the Company's liquidity and cash flows. The Company's method of calculating EBITDA differs from other issuers and, accordingly, EBITDA may not be comparable to similar measures presented by other issuers. Please see the schedule below that sets out the Company's EBITDA calculations EBITDA Earnings before Interest, Taxes, Depreciation and Amortization, is calculated as follows: ($000s) Q4 2005 Q4 2004 2005 2004 Operating Loss $ (556)$ (251)$ (2,279) $ (2,282)Amortization 214236957 1,009Restructuring costs 485-485 -Stock-based compensation expense 3323131 76EBITDA 1767$ (706) $ (1,197)

ABOUT RADIANT COMMUNICATIONS

Radiant Communications Corp. (www.radiant.net) provides a total, integrated solution for businesses requiring national IP data communications services including, broadband and managed network services, Internet access, and web hosting services. The Company offers a complete range of coast-to-coast broadband services including DSL, T1, Fibre, and Cable. Radiant also provides specialized IP services for the Canadian retail industry, namely, RetailCONNECT™ IP network services and TurboSwitch IP payment gateway services. Radiant has offices in Toronto, Montreal, Calgary, Edmonton and Vancouver.

Investors & Media: Chuck Leighton, CFO, 604-692-4531, cleighton@radiant.net

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 the company'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