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October 2, 2003 -- (WEB HOST INDUSTRY REVIEW) -- Radiant Communications Corporation (radiant.net) said today it had reached an agreement in to issue up to 10 million units in a private placement for gross proceeds of up to $4 million.
The placement will be sold to a group of investors that include Working Opportunity Fund Ltd., Pacific Venture Fund Limited Partnership and Toll Cross Securities Inc. The company said the offering will be used for general working capital to faciliate ongoing growth.
"With this offering, Radiant is well positioned to take further steps in our growth strategy," said Jim Grey, president and CEO of Radiant. "Radiant continues to experience strong growth in providing businesses with solutions that use high speed secure IP communications, high availability Web hosting and custom Web development and marketing services."
The offering is expected to close October 31, 2003 and is subject to regulatory approvals.
"Radiant is a well managed company with a proven track record of growth and a reputation for outstanding customer service," said Marc Bouchard, president and CEO of Toll Cross Investments Inc. and chairman of Toll Cross Securities Inc. "We are pleased to be able to be part of this Canadian success story."
Radiant provides DSL, Web hosting and other communications services. The company is based in Vancouver, British Columbia, and trades on the TSX Venture Exchange in Toronto.
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Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
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July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
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May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
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