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Alentus European Customer and Assets Purchase Update(November 21, 2011)
LAS VEGAS, NV -- (Marketwire) -- 11/21/11 -- Alentus Corporation (PINKSHEETS: ALNS), an internet solution provider of web hosting, domain registration, dedicated servers, E-Commerce solutions and professional services, is providing an update to the recently announced purchase of the Emnet UK assets.
On October 25 we announced the purchase of assets formally belonging to Emnet UK Ltd. As is customary in such purchases, the Alentus closing was conditional upon no materially adverse developments after the purchase agreement and before completion. That Alentus purchase agreement is with the party who bought those assets from the court appointed administrator of Emnet UK Ltd. Unfortunately the current owners of those assets have become aware of an inquiry regarding ownership of certain of those assets. Therefore Alentus has elected to postpone such purchase until the current owners can resolve that inquiry to our satisfaction; indeed there is no guarantee that such purchase will ever complete. There is no purchase agreement penalty fee to Alentus should the closing not go forward. We understand the current owners believe the claim is without merit and plan to defend against such claims and actions.
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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