SOURCE: Alentus Corporation

Alentus Corporation

October 05, 2010 08:30 ET

Alentus Corporation Appoints Industry Veteran as President

LAS VEGAS, NV--(Marketwire - October 5, 2010) -  Alentus Corporation (PINKSHEETS: ALNS), a web hosting, domain registrar, dedicated server, colocation, and E-Commerce hosting provider today announced the appointment of Randy Reineck as President of the corporation. 

Alentus is pleased to announce that its board of directors has appointed Randy Reineck as President of the corporation. Since joining the company in Feb 2009, Mr. Reineck has held the position of EVP of Corporate Development, actively contributing in all aspects of the business. Alentus Chairman and CEO William King stated, "Randy has been instrumental in dramatically improving the operations of the company and improving the EBITDA to nearly 18%. With his focus on identifying and correcting inefficiencies in our operations, I'm confident we will be able to achieve our short term goal of 25% EBITDA. He has also been a primary driver of several projects soon to be announced including one that will position the Company as a leader in what we believe will be the fastest growing area of hosting. His cross functional expertise gathered at former positions including VP Sales, Marketing and Business development at a hi-tech NASDAQ company and his web industry experience, including VP of Technology at an early industry pioneer company, is quite unique. While at the latter company, he helped obtain one of the first internet patents ever awarded: a 1999 patent dealing with local search that is still licensed by major online directories. Going forward I believe Randy is the best choice for the Company to take advantage of the vast opportunities that lay ahead in the online hosting and marketing space."

Mr. Reineck had the following comments regarding the appointment and the company's outlook. "I look forward to growing the company both organically and through acquisitions. I see substantial opportunities to innovate directly in and around our current solution space. The way users interact with the web is changing significantly with trends towards access through alternate devices including tablets and smart-phones as well as the increasing emphasis on local search. We have the opportunity to establish a strategic fit for and leverage our existing assets within those trends. The next several years should be a very interesting time to be in the hosting and strategic services space."

About Alentus Corporation ( (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 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