EDMONTON, Nov. 28 2014 /CNW/ - Radient Technologies Inc. (TSX-V: RTI) (the "Corporation") announced today that it has released its financial results for the second quarter of its fiscal year ended March 31, 2015. The unaudited financial statements, Management's Discussion and Analysis, and the CEO & CFO certifications for the three and six month periods ended September 30, 2014 are available on www.SEDAR.com.
Current Financial Situation
The Corporation is currently experiencing a significant cash shortage. The Corporation urgently needs to secure additional financing arrangements in order to fund its current working capital deficit and to fund its continuing operations and corporate administration costs so as to continue as a going concern. The board of directors of the Corporation is currently exploring a variety of alternatives to address the Corporation's financial situation.
Radient extracts natural compounds from a range of biological materials using microwave assisted processing ("MAP™"), a patented technology platform which provides superior customer outcomes in terms of ingredient purity, yield, and cost. From its 20,000 square foot manufacturing plant in Edmonton, Alberta, Radient serves market leaders in industries that include pharmaceutical, food, beverage, natural health, personal care and biofuel markets. Visit www.radientinc.com for more information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Radient Technologies Inc.
For further information: Denis Taschuk, Chief Executive Officer, [email protected], (780) 465-1318; Randy Fries, Chief Financial Officer, [email protected], (780) 465-1318; Mike Cabigon, Chief Operating Officer, [email protected], (780) 465-1318