Raadr Inc., Doing Business as Telvantis, Announces $1.4 Million Reduction in Note Obligation
NEW YORK - May 19, 2025 ( NEWMEDIAWIRE ) - Raadr Inc. (OTC: $RDAR), doing business as Telvantis ('Telvantis' or the 'Company'), today announced that it and JanBella Group, LLC ('JanBella') have agreed to amend the Company's note obligation to JanBella to a total of $400,000 - the original note had a principal amount of $540,000 and an additional $1,260,000 in conditional obligations, including an 18-month 10% 'fee tail' obligation on certain future funding. The revised $400,000 note balance is payable in four monthly installments, with the first payment having already been made by the Company.
'The increasing strength of our business operations has enabled us to take this decisive action, which, together with our previously announced share buyback program, delivers both short-term and long-term benefits,' said Daniel Contreras, CEO of Telvantis. 'Each of these actions, in their own way, creates meaningful long-term value for our shareholders,' Mr. Contreras added.
'We constantly seek to allocate our available cash where it offers attractive returns, and our ability to dramatically reduce our future obligations to JanBella was an opportunity that magnifies our ability and, importantly, our willingness to strike at the right time,' said Daniel Gilcher, CFO of Telvantis. Mr. Gilcher extended his comments by expressing the Company's gratitude to JanBella for working toward a mutually beneficial outcome.
About Telvantis
Raadr Inc., doing business as Telvantis (OTC: $RDAR), is a U.S.-based communications technology company powering global enterprise communication. Leveraging extensive carrier relationships and proprietary CPaaS capabilities, Telvantis delivers high-volume, reliable messaging, voice, and digital communication solutions. With a strong foothold and expanding partnerships in high-growth sectors like fintech, healthcare, and e-commerce, Telvantis is executing its strategy to become a leader in the communications technology space. The company is headquartered in Miami Beach, FL.
Forward-looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These statements reflect Telvantis' current expectations regarding future events and are based on management's beliefs and assumptions. Actual results could differ materially from those projected due to various factors, including market conditions, competition, and the successful integration of acquired operations. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Telvantis undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Investor Relations Contact
Raadr Inc., doing business as Telvantis,
1680 Michigan Avenue, Suite 700
Miami Beach, FL 33139
Email: [email protected]
Website: www.telvantis.com
LinkedIn: Telvantis
Twitter/X: @Telvantis
View the original release on www.newmediawire.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Travel Weekly
8 hours ago
- Travel Weekly
Hawaii visitor satisfaction remains high, but Canadians might stay away
Christine Hitt A new study finds that while Hawaii visitor satisfaction remains high, recent Canadian visitors are less likely to return, due in part to the political climate. The Hawaii Department of Business, Economic Development & Tourism released its visitor satisfaction study for the first quarter of 2025. The results come from a survey of recent visitors from eight markets, including U.S. West, U.S. East, Japan, Canada and Europe. Hawaii received satisfactory marks, with most visitors in all markets rating it a 7 out of 8. Trip expectations also saw positive movement, with increases of "exceeded expectations" selections seen in the markets of U.S. West, U.S. East, Canada, Oceania, Korea, China and Europe. The report found that repeat visitors from U.S. West gave higher satisfactory scores compared to first-time visitors from the same market. Also, travel party size among visitors from U.S. East made a difference: Travelers in groups of three or more people gave higher scores than those traveling alone. Repeat visitors from U.S. West, U.S. East, Oceania and Japan were more likely to return to the state than first-time visitors. The study also found that traveler with higher incomes and education in U.S. West markets were more likely to return. Canadian visitors less likely to return When visitors were asked whether they are likely to return to Hawaii in the next five years, the number of Canadian visitors had the largest differential. Only 55% of Canadians said that they were "very likely" to return, compared to 68% in the first quarter of 2024. Compared to the last 10 years, 2025 ranks the lowest. Last year, Canadians' top reason for not returning was that it is "too expensive" (60%). This year, Canadians' responses include political climate (45%), high cost of travel (30%), long-distance travel (12%) and travel restrictions or relations (12%). "High cost of travel" remains a top reason for not returning for U.S. West (48%), U.S. East (42%), Japan (34%), Oceania (48%), Korea (57%) and Europe (40%) markets.
Chicago Tribune
2 days ago
- Chicago Tribune
Former EPA administrator, activists react to 'One Big Beautiful Bill'
As President Donald Trump touts a bill currently making its way through Congress as a win for the public, a former regional Environmental Protection Agency administrator is prepared to see devastating cuts to the office that could negatively impact human health. 'It's proposing severe cuts to both the scientific work that EPA's Office of Research and Development does and to the agency as a whole,' said Debra Shore, former administrator for EPA Region 5. 'It would severely reduce the agency's ability to fulfill its mission of protecting public health and the environment.' As the 'One Big Beautiful Bill' Act has passed the U.S. House of Representatives and moved to the Senate, activists nationwide have worried about the consequences. Shore said it's heartbreaking to see public servants at the EPA go through these cuts, especially as the administration tries to make the 'One Big Beautiful Bill' seem like a win. 'I have never worked with a group of such smart, devoted professionals who had a shared sense of mission as EPA employees,' Shore said. 'I know that's the case across the agency. … They could be working for far higher salaries in many cases, but they are dedicated to the foundational mission of the EPA, which is to protect public health and the environment.' On Tuesday and Wednesday, the EPA posted on Facebook, saying it 'delivers for all Americans.' 'One Big Beautiful Bill is putting American workers, taxpayers and families first,' the EPA's Tuesday post said. 'Under (Trump), the U.S. can unleash American energy while ensuring we have the cleanest air, land and water on (Earth).' The bill eliminates hundreds of billions of dollars in Green New Deal tax credits, repeals former President Joe Biden administration's electric vehicle mandates, and opens federal lands and waters to oil, gas, coal, geothermal and mineral leasing, according to the EPA's Tuesday post. According to the Wednesday post, the bill also 'streamlines onerous permitting processes,' refills the Strategic Petroleum reserve and 'delivers certainty to energy producers, saves and creates energy jobs, lowers energy costs for families.' A spokesperson for Sen. Todd Young, R-Indiana, provided a statement about the bill Friday. 'Senator Young continues to have conversations with his colleagues and stakeholders about improving the House-passed bill and addressing our nation's debt and deficit challenges,' said Leah Selk, spokesperson for Young. Representatives for Sen. Jim Banks, R-Indiana, did not respond to a request for comment Friday. Within the bill, the White House would also have the ability to cut federal agencies and reduce workforce, Shore said. 'This is just an utter abrogation of Congress' authority and power,' Shore said. 'It requires an annual report of planned reorganizational moves, and it also streamlines the ability of any future president to rebuild federal agencies because of some of the language in it.' Susan Thomas, director of policy and press for Just Transition Northwest Indiana, said it's concerning that EPA is treating the 'One Big Beautiful Bill' like a win, especially on social media platforms that are easily accessible. 'No one can take any information for granted anymore,' Thomas said. 'You must do your own research with trusted sources because the amount of greenwashing that's coming down is so dangerous. … This is becoming increasingly difficult, but it's more important than ever.' Thomas and Gary Advocates for Responsible Development board member Carolyn McCrady are both worried about the effects that environmental justice communities will face if the bill passes the Senate. McCrady expects public health to worsen as a result of EPA rollbacks. An October report from Industrious Labs found that most residents in Gary are in the top 10% of U.S. residents most at-risk for developing asthma and at-risk of low life expectancy. In 2020, Indiana had a lung cancer rate of 72.5 per 100,000 people, with Lake County as one of the state's counties with the highest cancer mortality rates, according to the American Lung Association. A 2016 JAMA Network report also found Gary as one of the top five U.S. cities with the lowest life expectancy at one point. 'I think people are going to be sicker faster,' McCrady said. 'I don't think people will be able to be served in the medical community in the same way, because in Indiana, millions of people are going to lose their health insurance because of the Medicaid cuts.' Although McCrady believes the EPA cuts are devastating, she isn't surprised to see them included in 'One Big Beautiful Bill.' Cuts will continue to put communities like Gary at a greater disadvantage, McCrady said. Thomas also believes that Northwest Indiana's environmental justice communities will struggle as a result of the 'One Big Beautiful Bill.' 'They've already stripped away all of the environmental justice provisions that had taken years to recognize and acknowledge and to start to put in place,' Thomas said. 'This is just a very sad state that we're in.'
Yahoo
2 days ago
- Yahoo
South Korea's chief trade negotiator plans US visit June 22-27
SEOUL (Reuters) -South Korea's trade minister Yeo Han-koo will visit the United States from June 22 to 27, the trade ministry said on Saturday. The visit will include discussions with U.S. Trade Representative Jamieson Greer and the third round of bilateral technical discussions, a ministry official told Reuters. Further details about the meetings were not disclosed. "Since a South Korea-U.S. summit has yet to take place and key ministers have not been appointed under the new administration, negotiations are likely to focus on areas that the trade ministry can manage - excluding major issues such as defense cost - sharing and exchange rates," Heo Yoon, an economics professor at Sogang University, said. "Given these circumstances, reaching a comprehensive agreement on key negotiation frameworks and agendas is expected to be challenging." South Korea, which is currently facing a 10% blanket tariff and a 25% country-specific duty temporarily paused for 90 days, agreed with the U.S. during initial trade negotiations in late April to craft a trade deal reducing tariffs by July 8. Asia's fourth-largest economy unexpectedly contracted in the first quarter amid U.S. President Donald Trump's sweeping tariffs and domestic political unrest following former President Yoon Suk Yeol's martial law decree in December.
