SOURCE: Alentus Corporation

Alentus Corporation

August 04, 2011 09:15 ET

Alentus Announces Second Quarter Revenue Increase

LAS VEGAS, NV--(Marketwire - Aug 4, 2011) - Alentus Corporation (PINKSHEETS: ALNS), an internet solution provider of web hosting, domain registration, dedicated servers, SaaS and E-Commerce hosting services, today announced its financial results for the quarter ended June 30, 2011.

Alentus is pleased to announce a revenue increase of 1.5% over the previous quarter to $1,223,197 and positive EBIDTA of $134,355 or 11% of $1,223,197 in revenue for the quarter ended June 2011. The Company's net income and EBITDA were negatively impacted by a one-time accounting expense of $48,000 related to the two year audit of 2009 and 2010 financials. That audit is now complete and final preparation of our filings for the up-listing to the Bulletin Board are now proceeding. The Company has also made substantial progress this year on decreasing the accounts payable by over $300,000 and decreasing debt by approximately $900,000. The ending cash position is improved by approximately $72,000 for the year. Full results can be found in our filings at www.otcmarkets.com.

Qtr end June 30, 2011 Qtr end March 31, 2011
Revenue $ 1,223,197 $ 1,204,550
Gross Profit $ 928,287 $ 925,970
Net Income $ (273,844 ) $ 137,870
Normalized EBITDA $ 134,355 $ 169,340

The Company has also posted the full audited financials for 2009 and 2010 at http://www.otcmarkets.com/stock/ALNS/financials.

About Alentus Corporation (www.alentuscorporation.com) (PINKSHEETS: ALNS)

Alentus Corporation is a multinational, US-based, Internet focused solution provider with a network of data and network operations center facilities in Canada and the US. The company provides a wide range of Internet-based solutions under several brands. Under these brands Alentus provides solutions that include Microsoft Windows hosting, Linux hosting, Sharepoint hosting, SQL and mySQL database hosting, Microsoft Exchange Hosting, Virtual Private Servers (VPS), dedicated server solutions, colocation, and domain name registration to thousands of small- to medium-sized companies and customized solutions to larger organizations including many Fortune 500 clients.

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.

Contact Information

  • Investor Relations Contact:

    Craig Fischer
    STAT, LLC.
    1-877-678-9434
    Email Contact