Radiant Technology Corp. Reports Second Quarter Earnings.FULLERTON, Calif.--(BUSINESS WIRE)--April 22, 1998--Radiant Technology Corp. (OTC/BB: RTNC RTNC Radio Télévision Nationale Congolaise (Congo) RTNC Returned to National Control ) Wednesday announced its financial results for its second quarter ended March 31, 1998. The company's second quarter net income was $0.10 per share compared with net income of $0.05 per share, for the comparable prior year period. This results in year to date net income of $0.17 per share, compared with net income of $0.08 per share, for the comparable prior year period. Lawrence R. McNamee, Chairman and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the company, stated: "We are extremely pleased with the continued growth and high profit margins reflected in our performance during the second quarter. The company intends to continue to pursue development of new products to meet the thermal processing requirements of its customers." The company designs, manufactures and services precision thermal processing systems primarily used by manufacturers of electronic components. The company's conveyorized (belt) ovens and furnaces are designed to meet the ever-changing process requirements in the semiconductor packaging, flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time , hybrid thick film firing, multichip module See MCM. , solar cell solar cell, semiconductor devised to convert light to electric current. It is a specially constructed diode, usually made of silicon crystal. When light strikes the exposed active surface, it knocks electrons loose from their sites in the crystal. and printed circuit board assembly industries. Its customers include most of the major electronic component manufacturers, worldwide. Radiant Technology common stock trades on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol RTNC. 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 on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Sept. 30, 1997, and the company's other filings with the Securities and Exchange Commission. For further information, contact Lawrence R. McNamee at 714/991-0200. CONTACT: Radiant Technology Corp., Fullerton Lawrence R. McNamee, 714/991-0200 |
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