SOURCE: Alentus

Alentus

September 22, 2010 08:30 ET

Alentus Corporation 2Q 2010 EBITDA Jumps 187% Over Prior Year

LAS VEGAS, NV--(Marketwire - September 22, 2010) -  Alentus Corporation (PINKSHEETS: ALNS), a web hosting, domain registrar, dedicated server, colocation, and e-commerce hosting provider, today announced its financial results for the quarter ended June 30, 2010.

Alentus is pleased to report dramatic improvements in normalized EBITDA and Net Income in the quarter June 2010 versus June 2009. Normalized EBITDA was $319,119 for the quarter versus $111,092 in the same quarter a year ago. For the six months ended June 2010 the company produced $618,914 in normalized EBITDA and $206,402 in Operating Income. Full results can be found in the Company filings at www.pinksheets.com.

                 
  Qtr End June 30, 2010     Qtr End June 30, 2009     Six Months End June 2010  
                       
Revenue $ 1,568,919     $ 1,607,903     $ 3,236,028  
                       
Operating Income $ 48,035     $ (86,189 )   $ 206,402  
                       
Net Income $ (159,078 )   $ (309,124 )   $ (254,961 )
                       
Normalized EBITDA $ 319,119     $ 111,092     $ 618,914  
                       

"We continue to see results from our focus of improving EBITDA margins as we are currently at 20%, up from 7% last year," said William King, Alentus CEO. "The Company is also heavily involved in discussions regarding the restructuring of the Company's balance sheet. Success in those efforts will substantially lower the interest charges included in our results and positively impact ongoing cash requirements. Additionally, a final settlement was reached regarding the litigation in Texas, thus resulting in a reduction of over $400,000 in short term debt."

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, the United States and United Kingdom. The company provides a wide range of Internet based solutions under several brands. Under these brands Alentus provides solutions that include Microsoft Windows asp.net hosting, RedHat Linux website 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:

    David Sasso
    American Capital Ventures
    2875 N.E. 191st Street, Suite 904
    Aventura, Florida 33180
    (305) 918-7000
    Email Contact
    www.amcapventures.com