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Raadr Inc. (OTC PINK: RDAR), operating as Telvantis, has secured a new $45 million working capital facility through its Irish subsidiary in partnership with a leading European credit fund. The facility replaces a previous unsecured loan and features a five-year amortization term with reduced financing costs. The new arrangement aims to lower fixed-interest expenses while providing enhanced access to funding for growth initiatives in the telecommunications sector.
According to President Orlando Taddeo, this strategic financial milestone will enable Telvantis to achieve faster growth at a lower cost while pursuing new opportunities in the market.
Telvantis Inc. (OTC: RDAR), formerly Raadr Inc., has appointed Maickel Abdou as CEO of its subsidiary, Telvantis Voice Services Inc. Abdou brings over 30 years of experience in global telecommunications and technology, with a proven track record of driving innovation and growth. Throughout his career, he has achieved over $100 million in annual revenue increases and has expertise in various areas including mobile, broadband adoption, and eSports monetization for telcos.
Orlando Taddeo, President of Telvantis Inc., expressed enthusiasm about the appointment, citing Abdou's industry experience and commitment to innovation as key factors. The appointment aligns with Telvantis's strategy to strengthen its position in the telecom and technology sectors.
Raadr Inc. (OTC PINK: RDAR), now operating as Telvantis, has announced the successful settlement of all outstanding convertible debt following its Merger Agreement terms. The company plans to shift to equity-based or fixed-price financing instruments, eliminating floorless convertible securities. This follows the October reverse-merger with Mexedia S.p.A. SB's U.S. and Irish operations. Telvantis confirms it will not pursue a reverse stock split, believing the company is currently undervalued based on internal projections.
RAADR, Inc. (OTC PINK: RDAR) has announced the successful launch of its Raadr™ application on the Google Play Store as of January 24, 2023. The app, which addresses cyberbullying and cyber-harassment, is available for free download. Following internal beta testing, the public can now access the app, enhancing the company's offerings in online safety solutions. The iOS version is also in the submission process for approval, expected to be available by the end of January. The initiative aims to empower parents and protect children from online bullying, addressing a growing concern in today's digital age.
RAADR, Inc. (OTC: RDARD) released its year-end shareholder letter emphasizing its commitment to combating cyber-bullying with its software solutions. The company is finalizing its anti-bullying app, which will integrate features for major social media platforms, including TikTok. The app is expected to launch around the NFL Super Bowl 2023. Collaborations with prominent organizations and ambassadors are underway to enhance visibility and support. The company anticipates a comprehensive marketing campaign in 2023 alongside the app update, aimed at promoting a safer online environment for children.
RAADR, Inc. (OTC PINK: RDARD) released its year-end shareholder letter, expressing gratitude to investors for their support in combatting online bullying. The company highlighted ongoing development of its anti-bullying app, which is set to launch around the NFL Super Bowl in 2023. Significant partnerships are underway to enhance app capabilities, including monitoring child activity in the metaverse and cryptocurrencies. The CEO emphasized the importance of adapting to changes in social media platforms, noting the collaboration with Cooperative Computing, a reputable tech firm, for final testing and deployment.
RAADR, Inc. (OTC PINK: RDARD) has appointed Emmy Award-winning journalist Amber Theoharis as its Chief Brand Ambassador. Theoharis will assist in the marketing of the upcoming RAADR App, designed to combat cyber-bullying. With extensive media experience and a focus on child protection, she aims to empower parents and communities. RAADR's CEO Jacob DiMartino emphasized her valuable contribution to the company’s anti-cyberbullying mission. The RAADR App, equipped with monitoring capabilities, will launch soon, addressing a significant issue affecting 73% of students reporting bullying experiences.
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