SOURCE: Alentus

Alentus

April 28, 2011 08:30 ET

Alentus Corporation Year End 2010 EBITDA Jumps 222%

LAS VEGAS, NV--(Marketwire - Apr 28, 2011) - Alentus Corporation (PINKSHEETS: ALNS), a web hosting, domain registrar, dedicated server, SaaS and E-Commerce hosting provider today announced its financial results for the quarter and year end Dec 31, 2010.

Alentus is pleased to report $1,105,622 in EBITDA for the Year end 2010, a 222% gain over 2009 year end EBITDA results of $389,933. Revenue for 2010 fell $493,902 to $6,078,007 from 2009 primarily due to the sale of the UK subsidiary. Full results can be found in our filings at www.otcmarkets.com.

Qtr end Dec 31, 2010Year end Dec 31, 2010
Revenue$1,336,189$6,078,007
Operating Income$73,971$438,780
Net Income*$(1,069,707)$(78,171)
Normalized EBITDA$175,806$1,105,622
* Includes $(1,114,857) one time loss on the sale of the UK subsidiary

"An important development in the fourth quarter of 2010 was the sale of our UK subsidiary, being our least profitable location; we are now eager to dedicate all of our resources to the more profitable North American operations," said William King, CEO. "We are also preparing to audit our last two fiscal years as a prerequisite to move up to a higher exchange this fall. We feel that being a fully reporting company will allow us more ready access to additional capital to continue our acquisition growth plan and take advantage of the excess capacity currently in our data centers. We have the ability to add an additional $10 million in revenue without significant capital expenditure. We are very excited about 2011 as we see organic growth from our new product lines and customer growth through acquisitions," King added.

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 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:
    William King
    CEO
    1-877-678-9434
    Email Contact