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Alentus Acquires Customers and Assets in Europe(October 25, 2011)
LAS VEGAS, NV -- (Marketwire) -- 10/25/11 -- Alentus Corporation (PINKSHEETS: ALNS), an internet solution provider of web hosting, domain registration, dedicated servers, E-Commerce solutions and professional services, today announced it has acquired substantially all of the assets of Emnet UK Ltd., a Nottingham, UK company.
Emnet UK Ltd. was a provider of collocation, managed services, and shared hosting for the past 12 years. The assets include all of the customer contracts and equipment required to service those customers, along with certain liabilities of that company such as obligation to provide services for a modest number of prepaid customers. Terms of the purchase were not disclosed.
William King, CEO of Alentus, stated, "We are happy to acquire the assets of Emnet UK Ltd; they have a solid customer base that will integrate well with our global footprint and support staff. This is another step in our plan of continuing to add to our customer base through acquisition and organic growth. We expect this acquisition to add about 10% to revenues and be accretive to earnings starting in the December 2011 quarter."
About Alentus Corporation (www.alentuscorporation.com, US Stock Ticker: 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.
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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