SOURCE: Alentus


November 23, 2009 09:30 ET

Alentus Corporation Reports Third Quarter 2009 Financial Results

ALISO VIEJO, CA--(Marketwire - November 23, 2009) - Alentus Corporation (PINKSHEETS: ALNS), a leading provider of web hosting solutions including managed services, sharepoint hosting, dedicated servers, Windows and Linux web hosting, and Microsoft exchange email services, today announced third quarter results for the period ended September 30, 2009. All figures are in U.S. dollars.


                       3rd Quarter ended      9 Months ended
                         Sep 30, 2009         Sept 30, 2009

Revenues                  $ 1,656,294           4,900,422
Cost of Revenues          $   593,467           1,562,243
Gross Profit              $ 1,062,827           3,338,179
Total Operating Expenses  $ 1,202,906           3,580,941
Net Income                $  (360,120)           (926,395)
Normalized EBITDA*        $    13,277             306,871

*Normalized EBITDA for the third quarter includes an adjustment of $34,704 to reflect non-cash stock compensation, $118,652 for depreciation and $220,041 interest primarily associated with acquisition debt.

The unaudited report can be read in its entirety at

"The third quarter of 2009 showed an improvement in revenue to $1,656,294 from the second quarter level of $1,607,903. This was primarily due to the ramping up of our recently acquired Route Sense division," said William King, CEO. "The company will continue to work hard increasing revenues and earnings in the next twelve months across all of its brands."

Mr. King added, "Due to the cost cutting that has taken place over the past couple of quarters we expect to improve our gross margin during the rest of the year. That, coupled with our expected balance sheet restructuring in the fourth quarter, should lead to an overall increase in net income in 2010. We are very excited going into 2010 as we add new revenue producing product lines such as domain registration services and cloud computing."

About Alentus Corporation

Alentus Corporation is a next-generation web hosting and infrastructure company. We are a premier provider for both individuals and businesses looking for website hosting, dedicated servers, virtual private servers (VPS), Microsoft Exchange and sharepoint hosting, IP transit, and collocation.

Alentus provides a framework for on-demand and scalable online business with managed datacenters and a global network across two continents in Los Angeles, Columbus, London, and Edmonton, Canada.

Forward-looking statements:

The statements made in this press release, which are not historical facts, may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

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