VANCOUVER, Dec. 6, 2012 /CNW/ - Further to its November 26, 2012 press
release, Radiant Communications Corp. ("Radiant") (TSX-V:RCN), a leading provider of managed network
and cloud hosting solutions for medium-size ), today announced that the
Company has withdrawn its intention to conduct a substantial issuer bid
to repurchase for cancellation up to C$2 million of its common shares
at C$0.70 per share (the "Offer"). The board of directors considered
current market conditions and recent trading activity in the Company's
shares, and it determined that proceeding with the Offer at this time
would not be in the best interest of shareholders.
Radiant Communications is a leading provider of managed network and
cloud hosting solutions for medium-size enterprises. Leveraging one of
the largest Internet footprints across Canada, Radiant offers a
comprehensive portfolio of reliable, secure and scalable IT
infrastructure services, simplified under a single point of contact.
For over 15 years, many of Canada's most recognized brand names have
been relying on Radiant to support their mission-critical business
All trademarks, service marks, registered trademarks, or registered
service marks are the property of the 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.
For further information:
Investors: Chuck Leighton, CFO, 604.692.4531, email@example.com
Media: Janice Keay, Senior Director of Marketing, 416.646.9416, firstname.lastname@example.org