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Customer CommentsAlentus Corporation updates its Financial Picture
Aliso Viejo, California. - November 04, 2008
Aliso Viejo, California. - November 04, 2008 Alentus Corporation (Pink Sheets: ALNS), a leading provider of web solutions including managed services, SharePoint hosting, Windows and Linux web hosting, and Microsoft exchange email services, today discussed its results for the quarter ended June 30, 2008 compared to the quarter ended March 31.
Highlights of the financial results ending March 31, 2008
- Revenues: $972,333
- Gross Profit: $827,113
- Positive EBITDA: $214,702
- Completed first acquisition in March 2008
- Successive consecutive EBITDA for 109 months
Highlights of the financial results ending June 30, 2008
- Revenues: $1,652,576, increased by 70% from Q1
- Gross Profit: $1,175,349
- Positive EBITDA: $157,170
- Completed two more acquisitions almost doubling revenues year to date.
- Won a multi-million dollar contract from one of the largest credit card processing companies in the world.
- Sustained consecutive EBITDA for 112 months
The Company’s revenues are achieved through offering various web hosting services, mainly shared and dedicated hosting and managed services, but also including managed converged voice, unified messaging, WAN connectivity, co-location, and dedicated Internet connectivity solutions. The higher sales volumes and revenue for June 2008 quarter is due to successful sales efforts and company acquisitions, trends that the company intend to continue this year and into the future.
| Three-Months ended June 30, 2008 |
Six-Months ended June 30, 2008 |
|
| Revenues | $ 1,652,576 | $ 2,624,909 |
| Cost of Revenues | $ 477,226 | $ 622,447 |
| Gross Profit | $ 1,175,349 | $ 2,002,462 |
| Total Operating Expenses | $ 1,081,375 | $ 1,772,136 |
| Net Income | ($70,263) | ($37,758) |
| EBITDA | $ 157,170 | $ 371,872 |
“We are pleased that we have achieved another profitable quarter, which has been successive year over year, despite a difficult economic environment around the world,” said William King, CEO. We continue to position the company for growth in 2009 with the capabilities to increase our capacity.
“We continue to garner the benefits of our recent acquisitions,” King continued. “Adding to our customer base, we focus on making Alentus the best choice for SMBs looking for world-class services from around the world. Our success is a result of dedication to customer satisfaction, affordable prices and a high level of technical support that is unmatched in the industry.”
Business Outlook:
The Company expects to generate 2008 revenue of approximately $7.5 million with EBITDA of $1.15 million.
About Alentus Corporation:
Alentus Corporation is based in Aliso Viejo, California, with Data Center and Network Operations Center facilities in Edmonton, Alberta, Canada, Columbus and Austin in the United States and in London, United Kingdom. The company provides Microsoft Windows ASP.NET hosting, RedHat Linux website hosting, SharePoint hosting, SQL and mySQL database hosting, Microsoft Exchange Hosting, Virtual Private Servers (VPS), and Dedicated Server solutions to thousands of small- to medium-sized companies and customized solutions to larger organizations including many Fortune 500 clients. Alentus is a Microsoft Gold Certified Partner, RedHat Ready Hosting Partner, and MySQL Enterprise Ready Partner.
