June 23, 2005
(Toronto, ON) - Radiant Communications Corp. ("Radiant" or "the Company") (TSX Venture Exchange: RCX), today announced that the Company has completed the roll out of its services for FirstOntario Credit Union’s 17 branch locations. Radiant is the largest organization in Canada focused exclusively on providing IP-based data communications and Internet services to the business market
FirstOntario Credit Union is utilizing Radiant’s Advanced Security VPN solution. This high-performance, scalable network security solution includes IP network connectivity, NetScreen security appliances, and managed network services.
“Accessing critical business applications and sensitive customer information within our organization mandates that our network be secure and always available,” said Roberto Bravo, CIO and VP of Technology for FirstOntario Credit Union. “With Radiant’s security expertise and their managed, virtual private network services, we have been able to implement our new, highly-reliable network in a very efficient manner.”
“Like most industries in today’s very competitive marketplace, the financial services industry is highly motivated to reduce costs, improve productivity, and provide better customer service. An important difference, though, is the imperative need for impenetrable security. Radiant recognizes this and delivers customized IP communications solutions that help financial organizations meet their business objectives,” said Tom Gillette, Executive Vice President of Radiant Communications. “We’ve built a national network exclusively for businesses like FirstOntario Credit Union. And we’ve made significant investments that allow us to deliver the highest standards of service that they depend on to conduct their business.”
Adoption of IP Technology is Industry-Wide
“Canada’s financial services industry, which includes five major banks, as well as credit unions, asset management firms, and insurance companies, is quickly adopting new application and network technologies to meet their business goals,” says Susan Cournoyer, Research Vice President at Gartner Inc, a leading provider of IT research and analysis. ”In fact, the financial services sector is well past the ‘early adopter’ stage and now, as the majority begin to follow, there is a tremendous opportunity for suppliers who understand the critical nature of this sector’s IT requirements.”
About FirstOntario Credit Union
FirstOntario has 17 branches within the Greater Hamilton Area, the Niagara Region and Southwestern Ontario. Dedicated to helping their client-members meet their financial needs, FirstOntario offers a wide range of financial products and services including everyday low mortgage rates, high interest savings, very low service fees and a warm and friendly, full-service banking experience. Further details about FirstOntario Credit Union can be found on their website at www.firstontariocu.com.
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, web hosting, web development and marketing 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, RetailCONNECTä IP network services and TurboSwitch IP payment gateway services. Radiant has offices in Toronto, Montreal, Calgary, Edmonton and Vancouver.
For further information:
Radiant Communications
Investors & Media: Chuck Leighton, CFO, (604) 692-4531, cleighton@radiant.net
FirstOntario Credit Union
Lori Muzak-McComb, (905) 387-0770, lori.muzakmccomb@firstontariocu.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
|
