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Rebel Networks Reaches Significant Account Base Milestone
Over 10,000 Websites and 50,000 Email Accounts From Clients Originating From 26 Different Countries Are Managed by the Rebel Networks Team
DEL MAR, Calif., Jul 6, 2011 -- Rebel Networks, the wholly owned operating subsidiary of American Diversified Holdings Corporation (OTN: ADHC) announced today that first half revenue grew by 26% and customer base grew by 19% over first half of 2010. Rebel Networks today hosts and manages over 10,000 websites, and handles over 50,0000 email accounts from companies in 26 countries around the world.
Rebel Networks stated that this is the typical small business customer that is coming to us on a regular basis. The Company has had 25% consistent growth in the first half of 2011 and is expected to continue at that pace for the rest of the year.
In 2012, Rebel Networks expects growth to continue but at a more aggressive rate of 30%. Domenic Macchione, President and CEO, stated, "We have built the cloud infrastructure to handle well over 1000 customers, and within 90 days, our expanded owaCLOUD will be able to easily handle over 100,000 hosted accounts and services." Rebel Networks have stated that they should achieve revenue to exceed 1 million dollars in 24 months through organic growth and expansion of our services. We also expect to maintain a 25% EBITDA on our revenue, even though our growth rate is accelerating.
Rebel, through its parent, ADHC, will also embark on a strategic acquisition program to attain growth and market share and expects further disclosures regarding this strategy as events unfold.
About Rebel Networks
Rebel Networks today hosts over 10,000 websites, email accounts, domain names, and online services to companies in over 35 countries around the globe. Their customer base is mostly small and medium businesses, but they also have blue chip accounts such as HSBC, Ferrari Racing, Research in Motion and Workers Compensation Board.
Rebel Networks is a leading provider of outsourced Internet infrastructure and related managed web solutions. Rebel Networks services include the provision of self- managed and fully managed dedicated servers, unmanaged collocation services, domain names services, Web Design, Application Development, & shared web hosting solutions. Rebel Networks deploys secure, scalable, high performance business solutions to customers ranging from small, emerging businesses to large, and enterprise corporations. For more information visit: www.REBELNETWORKS.com
About American Diversified Holding Corp
American Diversified Holdings Corporation ADHC -10.71% is a publicly traded Company headquartered in Del Mar, California. ADHC is developing a unique software platform for the Mobile Health Care Market as the medical profession gears up to go electronic for Electronic Health Records (EHR) and also for direct patient monitoring and information. ADHC's EHR and mHealth.
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. American Diversified Holdings common stock currently trades on the over-the-counter "Pink Sheets" under the symbol ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no inference has been made that this release contains all such information.
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Alentus Net Income Increases by 40 Percentage Points Over Prior Year First Quarter
LAS VEGAS, NV, Jul 06, 2011 -- Alentus Corporation (pinksheets:ALNS), an internet solution provider of web hosting, domain registration, dedicated servers, SaaS and E-Commerce hosting, today announced its financial results for the quarter ended March 31, 2011.
Alentus is pleased to report net income of $137,870 or 11% of $1,204,550 in revenue for the quarter ended 2011, a 40% total gain over net income of $(467,260) or (29%) of $1,610,196 in revenue for the prior year first quarter. The Company also reports EBITDA of $169,340. The increase in net income is primarily due to decreased interest expense and a one time gain on settlements. The revenue decrease from the prior year is substantially due to the sale of the UK subsidiary. Full results can be found in the Company's filings at www.otcmarkets.com .
Qtr end Mar 31, 2011 Qtr end Mar 31, 2010
Revenue $ 1,204,550 $ 1,610,196
Gross Profit $ 925,970 $ 1,103,040
Net Income $ 137,870 $ (467,260)
Normalized EBITDA $ 169,340 $ 232,624
"The first quarter of 2011 marked solid improvement upon our stated goals of growing the business and improving our balance sheet," said William King, CEO. "By launching our new brand, Areti.com, we are growing our business by meeting the demands of our customer base by helping them market and promote their websites," King added.
The Company has also announced that the net debt on the balance sheet decreased by $831,000 in the past quarter through certain investors converting debt into series C-2 Preferred stock. The C-2 Preferred stock has a conversion price of .06 per share.
"We are pleased that our investors continue to show confidence in our Company by converting their debt into equity," 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 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.
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