Radiant Communications Announces 2007 Year End Results

March 19, 2008

Radiant Communications Announces 2007 Year End Results

Company records fifth consecutive quarter of positive EBITDA, twenty-third consecutive quarter of revenue growth and $0.04 EPS

March 19, 2008 (Vancouver, BC) – Radiant Communications Corp. (“Radiant”) (TSX Venture Exchange: RCN), Canada's leading supplier of Broadband Solutions for Business™, today announced its financial results for the fourth quarter and year ended December 31, 2007.

HIGHLIGHTS:

• Revenue of $21.8 million for the year increased by 13.0% compared to revenue of $19.3 million for 2006.

• Revenue in Q4 of 2007 was $5.8 million, the Company’s 23rd consecutive quarter of revenue growth and a 17.9% increase over Q4 of 2006.

• Gross margin was 50.0% for the year and 48.7% in the fourth quarter.

• Annual operating expenses, not including amortization, increased by 2.9%, validating Radiant’s scalable growth model.

• In the fourth quarter of 2007 the Company recorded EBITDA of $623,761 and EBITDA for the year was $1.8 million, an increase of 54.8% over 2006. (see EBITDA section for reconciliation to GAAP).

• Positive net income in 2007 of $414,564 amounted to $0.04 per share with Q4 2007 EPS of $0.02.

• The Company ended the current year with cash and short-term investments of $3.1 million and generated cash from operations of $1.3 million during 2007.

• Radiant announced several new products and services to meet the growing security and managed service needs of new and existing clients including: IP based digital telephony, the roll out of a national private IP network and the launch of AlwaysThere™ Hosted Exchange.

• Radiant continued the roll out of existing high value customers during the year including Wal-Mart, Dollarama, HDS Retail, VANCO, First Ontario Credit Union, Burger King, Blacks Photo, MoneyMart, Rentcash, Lululemon and Liquor Stores of Alberta.

“I am extremely pleased with our 2007 results” said David Buffett, President and CEO of Radiant. For 2007 we challenged ourselves to profitably grow our business, improve customer satisfaction and advance the strategic value of the business by launching new products and services that significantly improve the revenue per location we capture. Our team accepted the challenge and produced our best financial results ever. We generated significant revenue growth, a profitable bottom line and positive cash flow from operations. At the same time we rolled out several very large multi-location customers, established a nation-wide private IP network and significantly increased the number of managed service locations. Most importantly, we rolled out our AlwaysThere™ virtual application hosting service that substantially increases our addressable market and revenue per customer, all funded by ongoing operations. I am also very pleased to say that our focus on customer care and satisfaction has been well received by our customer base as evidenced by our ongoing customer satisfaction surveys."

In September, Radiant announced a new service called AlwaysThere™ Hosted Exchange. Based on grid computing, and powered by VMware®, Radiant’s AlwaysThere™ Hosted Exchange provides Small and Medium Enterprises, SME’s, with a secure and fully redundant Exchange environment with continuous back-ups, and virtually unlimited disk space.

“In January of this year, after thorough testing, we commercially launched AlwaysThere™ Hosted Exchange”, said Mr. Buffett. “We have signed contracts with a number of customers who are now up and running on our platform. Our focus on virtualization continues to differentiate Radiant in this market. AlwaysThere Hosted Exchange enables Radiant to offer both software and hardware as a service to the underserved SME market.”

At a meeting of the board of directors held to approve the 2007 financial disclosures the Company granted 30,000 stock options to Mr. Ian Power. The options are exercisable at $1.16 per share for a period of five years and vest over 36 months commencing on March 18, 2008. The Company also amended 200,000 stock options previously conditionally granted to Mr. David Buffett exercisable at $1.15 per share. The conditions having been met, these options are exercisable for a period of 5 years commencing March 18, 2008 and vest over a period of 36 months.

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.

Radiant will hold a conference call to discuss its results for the quarter ended December 31, 2007 on March 19, at 2:00 p.m. PDT (5:00 p.m. EDT). Access to the call may be obtained by calling the operator at 1-866-550-6338 (Toll Free North America), or 1-347-284-6930 (International) 10 minutes prior to the scheduled start time, or 7 days after the call at 1-866-245-6755 (Toll Free North America) or 416-915-1035 (International). The passcode for the playback is 75457. The audio web cast will be archived for replay on Radiant's web site at www.radiant.net.

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