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RDT Radiant Energy Corp

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Share Name Share Symbol Market Type
Radiant Energy Corp TSXV:RDT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Radiant Energy Corporation Announces Third Quarter 2012 Results

02/10/2012 1:13am

Marketwired Canada


NOT FOR DISTRIBUTION IN THE UNITED STATES

Radiant Energy Corporation (TSX VENTURE:RDT) ("Radiant" or the "Company")
(amounts in U.S. dollars), the developer and marketer of radiant aircraft
de-icing systems, announced its results for the three and nine-months ended July
31, 2012, which are also available on SEDAR. 


The Company reported a loss of $264,512, or $0.03 per share for the three-month
period ended July 31, 2012, compared with a loss of $317,714, or $0.03 per share
for the three-months ended July 31, 2011. Revenue of $18,000 for the third
quarter was higher as a result of ancillary parking revenue during the period.


The loss was $805,923, or $0.08 per share for the nine-month period ended July
31, 2012, compared with a loss of $881,862, or $0.09 per share for the
nine-months ended July 31, 2011. Revenue of $26,498 for the nine months year to
date was higher than the prior year.


About Radiant Energy Corporation

Radiant is the developer and marketer of Radiant Deicing Systems. The Company's
product is the only non-glycol based alternative approved by the US Federal
Aviation Administration for the pre-flight ground deicing of aircraft. Aircraft
deicing with Radiant's technology offers savings to airports and airlines over
the use of conventional glycol-based deicing systems, reducing aircraft
treatment costs and significantly reducing the negative impact of glycol on the
environment.


This press release contains "forward-looking statements", including statements
regarding the business and anticipated financial performance of Radiant Energy
Corporation, which involve risks and uncertainties. All statements, other than
statements of historical fact, that address activities, events or developments
that the Company believes, expects or anticipates will or may occur in the
future (including, without limitation, statements, regarding financial and
business prospects and financial outlook) are forward-looking statements. These
forward-looking statements reflect the current expectations or beliefs of the
Company based on information currently available to the Company. Forward-looking
statements are subject to a number of risks, uncertainties and assumptions that
may cause the actual results of the Company to differ materially from those
discussed in the forward-looking statements, and even if such actual results are
realized or substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on the Company. Factors that could
cause actual results or events to differ materially from current expectations
include, among other things, changes in general economic and market conditions,
changes to regulations affecting the Company's activities, and uncertainties
relating to the availability and costs of financing needed in the future. Any
forward-looking statement speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement, whether as a
result of new information, future events or results or otherwise. Although the
Company believes that the assumptions inherent in the forward-looking statements
are reasonable, forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.


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