OTTAWA – Avalite Inc., the former Ramtelecom, reported a net loss of $1.81 million for its second quarter ended June 30, 2009.Cash flow for the period was $698,202 with working capital of $1.19 million, the company announced in a press release. Due to the sale of its operating subsidiary R.A. Misener Telecom Corporation in June, there are no comparable financial figures between Q2 2008 and Q2 2009. "Senior management is now working to complete the final administrative details of the acquisition", said CEO Ralph Misener, in the release. “We continue to actively promote a new business re-organization for a potential...
