Radiant Communications announces intention to repurchase up to C$2 million of its common shares under a substantial issuer bid at C$0.70 per share

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VANCOUVER, Nov. 26, 2012 /CNW/ - Radiant Communications Corp. ("Radiant" or the "Company") (TSXV: RCN), today announced that its board of directors has authorized a substantial issuer bid to repurchase for cancellation up to C$2 million of Radiant's common shares at C$0.70 per share (the "Offer"). The Company expects to launch the Offer in December 2012, with an expected completion date in January 2013. The Company expects to fund the share repurchases using available cash on hand.

About Radiant

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.

All trademarks, service marks, registered trademarks, or registered service marks are the property of the respective owners.

This press release may contain forward-looking information or forward-looking statements (collectively referred to as "forward-looking statements"), including statements regarding the terms and timing of the Company's proposed substantial issuer bid and the business and anticipated financial performance of Radiant.  These forward-looking statements were developed based on certain material factors and assumptions, including assumptions related to the Company's financial position.

The forward-looking statements are subject to risks and uncertainties that 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, the company's financial condition, including its cash position, regulatory approvals, 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 additional material factors and assumptions and risks and uncertainties discussed in Radiant's management discussion and analysis available on SEDAR. The Company undertakes no obligation to publicly revise forward-looking statements to reflect subsequent events or circumstances except as required by law. The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified by cautionary statements in this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Radiant Communications Corp.

Investors: Chuck Leighton, CFO, 604.692.4531, [email protected]
Media: Janice Keay, Senior Director of Marketing, 416. 646.9416, [email protected]