Resources re-allocated to focus on high growth/high margin AlwaysThere Cloud Computing & new product solutions
VANCOUVER, Jan. 4 /CNW/ - Radiant Communications Corp. (TSX-V: RCN), Canada's leading supplier of Broadband Solutions for Business(TM), today announced that the Company will be making changes to its sales and marketing functions to ensure the Company realizes the full potential for its AlwaysThere Cloud Computing Services and planned new products to be launched in early 2010.
"We have a tremendous opportunity in front of us with both our existing customer base and new vertical markets," said David Buffett, President and CEO of Radiant. "Our pipeline of new product offerings in 2010 will leverage the success of our AlwaysThere Cloud Computing solutions. In order to fully exploit these new opportunities Radiant is focusing its resources on partner channels and a new marketing campaign aimed at mid-market Canadian firms.
As part of the evolution of our sales and marketing strategies, one of our senior sales executives, Tom Gillette, Executive Vice-President of Strategic Accounts, has decided to retire from Radiant.
"I have truly enjoyed my experience at Radiant and being a part of its growth and evolution over the past six years," said Mr. Gillette. "The focus on the AlwaysThere solutions as well as new product developments bodes well for Radiant but also represents an opportune point in time for me to explore new avenues."
"I'd personally like to thank Tom Gillette for his valuable contributions to Radiant and its success over the past six years and wish him well in his future," said Mr. Buffett.
As part of the marketing, sales and sales channel re-organization several personnel changes are being made and a charge of approximately $450,000 will be taken in the fourth quarter of 2009 to provide for severance and one-time reorganization costs associated with these changes.
ABOUT RADIANT COMMUNICATIONS
In operation since 1996, the company currently serves over 20,000 business locations in Canada and the United States from its offices in Vancouver, Toronto, Montreal, Calgary, and Edmonton.
Headquartered in Vancouver, Canada, Radiant Communications (www.radiant.net) provides businesses across Canada with the most comprehensive and innovative suite of data communications and cloud computing services: the largest on-net DSL footprint across Canada & the US, T1 and E10/E100 fibre broadband, MPLS private networking, and AlwaysThere Cloud Computing services. Over 40% of Canada's largest retail chains and thousands of other small- to mid-sized businesses depend on Radiant solutions for their mission-critical data networks and enterprise-level applications.
Broadband Solutions for Business and AlwaysThere are registered trademarks of Radiant Communications Corp. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
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 Radiant'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.
SOURCE Radiant Communications Corp.
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