2,296% Revenue Growth Qualifies Radiant as one of Canada's Fastest Growing Companies
VANCOUVER (June 10, 2004) - Radiant Communications Corp. (TSX Venture Exchange: RCX), is pleased to announce that it is number 27 on the prestigious PROFIT 100 list of Canada's fastest growing companies by PROFIT: Your Guide to Business Success.
As one of Canada's largest providers of IP-based data communications and Internet services for business, Radiant Communications increased its revenues 2,296% between 1998 and 2003. "At a time when many Internet-related businesses have faltered, we have successfully generated significant year-over-year revenue growth by listening to our customers and providing the services and support they need to satisfy their business objectives", says Jim Grey, President and CEO, Radiant Communications.
Radiant's Revenue Drivers
Initially, Radiant's growth was fuelled by the increased demand for broadband services needed by companies to access the Internet. Radiant complemented these connectivity services with web development and hosting services.
Today, Radiant's growth is fueled by customers using IP-based services to satisfy their information processing requirements. Most medium and large companies are well advanced in converting old legacy applications to new, more effective, web-based applications. Together with its partners, Radiant works with customers to successfully implement these new applications and the high speed secure networks and servers that they require.
The Migration to IP-based Networks
Web and server-based applications are driving the current, dramatic switch from old, slow and expensive network technologies to fast, cost efficient IP-based networks. The increased demand for secure, high-performance IP networks to connect remote locations, head offices and service providers such as banks and manufacturers is generating significant sales activity for Radiant. Radiant provides high-speed networks for organizations with locations throughout North America. Radiant's customers vary from very large Fortune 100 companies such as General Motors and Wal-Mart to smaller organizations such as the YMCA and the Stolo Nation.
All Radiant customers, regardless of size, have similar needs for cost-effective, reliable services and they all demand responsive knowledgeable support. As a company "built for IP", Radiant has the infrastructure, operational support systems and staff to deliver superior, business-class service.
"We're happy to welcome the 2004 PROFIT 100 winners to the most exclusive peer group of its kind in Canada," says Ian Portsmouth, editor. "Canada's Fastest-Growing Companies are generating the innovation needed to succeed on a global scale."
Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the 16th annual PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at PROFITguide.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.
About Radiant
Established in 1996, Radiant Communications Corp. (www.radiant.net) provides a single source for businesses requiring high-speed Internet connectivity, network security, web hosting, web development and marketing services. The company currently serves over 10,000 business customers primarily in Canada and the United States with a team of 125 employees nationwide.
Radiant has developed an array of advanced Internet solutions designed to help companies harness the power of the Internet. These include high-speed DSL connectivity solutions such as Turbo DSL and secure Virtual Private Networks, high availability web hosting and content management solutions, and ebusiness applications. Radiant has offices in Toronto, Montreal, Calgary, Edmonton and Vancouver.
About PROFIT Magazine
PROFIT: Your Guide to Business Success, (www.PROFITguide.com) offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT-which currently reaches more than 467,000 readers nationally-hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs.
Neither the TSX Venture Exchange nor any other regulatory body has reviewed and therefore does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Donna Gratton
Marketing Manager
Radiant Communications Corp.
Tel: (604) 692-4573
Fax: (604) 608-0999
dgratton@radiant.net
www.radiant.net
