Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : MCRR Refugees -- Ignore unavailable to you. Want to Upgrade?

To: Claudia Benson who wrote (292)	7/20/1998 12:05:00 PM
From: Claudia Benson	Read Replies (1) \| Respond to of 582

RTNC earnings out. Radiant Technology Announces Third Quarter Earnings FULLERTON, Calif.--(BUSINESS WIRE)--July 20, 1998--Radiant Technology Corp. (OTC/BB:RTNC) Monday announced net income of $182,048 for the three months ended June 30, 1998, or 10 cents per share, compared with net income of $135,280, or 7 cents per share, for the comparable period in 1997. Net income for the nine months ended June 30, 1998, was $484,256, or 26 cents per share, compared with net income of $279,593, or 15 cents per share, for the comparable period ended June 30, 1997, an increase of 73 percent. ''Net sales for the first nine months of the current fiscal year total $3.7 million, up 19 percent compared with the comparable nine month period,'' said Lawrence R. McNamee, chairman and chief operating officer. ''We are pleased by the solid performance both in the third quarter and for the year-to-date.'' McNamee attributed the increased sales and net income to new products developed to meet thermal processing and other requirements of Radiant Technology customers. Radiant Technology develops, manufactures and services precision thermal processing systems primarily used by manufacturers of electronic components. The company's furnaces and conveyorized belt ovens are designed to meet the continually changing process requirements in the semiconductor packaging, flat panel display, hybrid thick film firing, multichip module, solar cell and printed circuit board assembly industries. Its customers include the majority of major electronic component manufacturers worldwide. (Certain matters discussed herein may include forward-looking statements that are subject to risks and uncertainties including, but not limited to, demand for the company's products and services and the company's growth strategy. For additional information concerning risks and uncertainties related to the company and its operations, refer to the company's Annual Report and Form 10-K filing for the year ended Sept. 30, 1997, and the company's subsequent filings with the U.S. Securities and Exchange Commission.) Contact: Radiant Technology Corp., Fullerton Lawrence R. McNamee, 714/991-0200 Web site: radianttech.com Claudia