Internet Software and Services
Company Overview of Radiant Communications Corp.
Radiant Communications Corp. provides managed network and cloud hosting solutions for medium and small businesses primarily in Canada and the United States. Its services include managed digital subscriber line services, business Ethernet and other broadband alternatives, secure virtual private networks, and secure Internet protocol connectivity to payment processor gateways for debit and credit card transactions, high availability virtually hosted applications, grid based virtual servers, virtual data center capability, and off-site redundant back-up and disaster recovery capabilities. The company also offers AlwaysThere Cloud Computing services that provide customers with a private, on-dema...
1600-1050 West Pender Street
Vancouver, BC V6E 4T3
Key Executives for Radiant Communications Corp.
Chief Financial Officer, Executive Vice President and Secretary
Vice President of Operations & Human Resources
Chief Technology Officer and Executive Vice President
Executive Vice President of Sales & Customer Service
Compensation as of Fiscal Year 2014.
Radiant Communications Corp. Key Developments
Radiant Communications Corp., Special/Extraordinary Shareholders Meeting, Oct 11, 2013
Aug 26 13
Radiant Communications Corp., Special/Extraordinary Shareholders Meeting, Oct 11, 2013., at 10:00 Pacific Standard Time. Location: The offices of McMillan LLP, 1500 - 1055 West Georgia Street. Agenda: To consider, pursuant to an interim order of the Supreme Court of British Columbia dated September 10, 2013, and, if thought advisable, to pass, with or without amendment, a special resolution, to approve an arrangement under section 192 of the Canada Business Corporations Act whereby, among other things, (i) 8612536 Canada Inc. will acquire all of the issued and outstanding Common Shares not already held by the Purchaser and its affiliates for consideration of $1.43 in cash for each Common Share, and (ii) the Options will be cancelled and certain specified amounts may be paid to the Option holders by the Company in respect of the Options held by them, depending on the exercise price thereof; and to act upon such other matters, including amendments to the foregoing, as may properly come before the Meeting or any adjournment(s) or postponement(s) thereof.
Radiant Communications Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
Aug 21 13
Radiant Communications Corp. reported earnings results for the second quarter and six months ended June 30, 2013. The company revenue of $8.2 million for the second quarter ended June 30, 2013 increased by 1.7% compared to revenue of $8.1 million for the second quarter ended June 30, 2012. EBITDA for the second quarter ended June 30, 2013, was $523,986 compared to $710,568 in the second quarter of 2012, a decrease of 26.3%. Net income for the second quarter ended June 30, 2013 was $225,466 or $0.01 per share compared with net income of $306,940 or $0.02 per share in the second quarter of 2012. Included in the second quarter 2013 net income amount are expenses related to the proposed plan of arrangement process of $200,000.
Revenue for the first half of 2013 was $16.5 million, an increase of 1.6% compared to revenue of $16.3 million in the first half of 2012. In the six months ended June 30, 2013 Radiant achieved positive EBITDA of $1.15 million compared to positive EBITDA of $1.14 in the comparable period of 2012.
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