VANCOUVER, March 6, 2012 /CNW/ - Radiant Communications Corp. ("Radiant") (TSX-V:RCN), Canada's leading supplier of Broadband Solutions for Business™, today announced that Paul Healey, formerly Interim President and CEO, has been appointed as President and CEO.
"On behalf of the Board I am very pleased to welcome Paul as our new President and CEO," said Don Calder, Chairman of Radiant. "Both the Board and the senior management team have worked very closely with Paul over the past six months and we are unanimous in our conviction that Paul has the talent, experience and leadership capability to deliver the results and growth that our shareholders are looking for."
"Over the past six months the Radiant team and I have spent an enormous amount of time and energy reviewing all facets of the business," said Paul Healey, President and CEO. "We have re-engineered our company and resources to deliver a compelling value proposition and customer experience. Our customers and employees have responded to the changes we've made with a very high level of enthusiasm. With today's appointment I am committed to continuing this transformation process to build Radiant into a leading provider of managed networks and hosting services to our coveted list of customers including many of Canada's most well known household brand names."
Mr. Healey has been the Interim President and CEO of Radiant since August of 2011. An experienced telecommunications leader he formerly held executive positions at both BCE and Rogers Communications including President Bell Canada, Western Canada. Mr. Healey's most recent role was as President & CEO of a national franchise growth company.
In conjunction with this appointment Mr. Healey has been granted 950,000 share purchase options at a strike price of $0.75 a share which vest over a three year period.
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 operations.
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.
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