Raadr Inc., Doing Business as Telvantis, Announces $1 Million Share Buyback Program
NEW YORK - May 6, 2025 ( NEWMEDIAWIRE ) - Raadr Inc. (OTC: $RDAR), doing business as Telvantis ('Telvantis' or the 'Company'), today announced the initiation of a share buyback program. The company's board of directors approved an initial purchase of up to $1,000,000 worth of common stock through market purchases.
The share buyback comes as the company's first quarter performance showed strength into the rest of 2025.
'This is the start of another initiative to create long-term value for shareholders,' said Daniel Contreras, CEO of Telvantis. 'The board believes that our common stock represents an excellent investment opportunity as the company is currently valued significantly below its intrinsic value.'
'As stewards of the company's capital, we allocate our cash where it offers attractive risk-adjusted returns. At the current valuation, we believe our own common stock offers such returns,' said Daniel Gilcher, CFO of Telvantis. 'This one million US-dollar buyback program is an initial commitment. We will continuously evaluate this program and might extend it in the future.' Mr. Gilcher added that no number of shares is required to be purchased in the buyback and that all funds used in the buyback will be derived from operations.
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
Telvantis Inc.
1680 Michigan Avenue, Suite 700
Miami Beach, FL 33139
Email: [email protected]
Website: www.telvantis.com
Twitter/X: @Telvantis
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