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Customer CommentsAlentus Corporation Announces Insider Stock Purchase
Aliso Viejo, California. - July 8, 2009
ALISO VIEJO, Calif.--(BUSINESS WIRE)--Alentus Corporation (Pink Sheets:ALNS), is a leading provider of web solutions including dedicated servers managed services, Windows and Linux web hosting, Sharepoint hosting, and Microsoft Exchange email services.
Alentus is making this announcement as part of its commitment to provide transparency and comply with current information rules of the PinkOTC. Those rules require Alentus to disclose significant employee stock purchase and sale transactions within four business days of their occurrence. Randy Reineck, currently Executive Vice President of Corporate Development, recently purchased 1,100,000 shares of Alentus restricted common stock which when added to the 1,100,000 shares purchased in the quarter ending March 2009 results in the cumulative purchase of 2,200,000 shares for a total purchase price of $132,000 or 6 cents per share.
Mr. Reineck was also elected to the company’s board of directors on April 23, 2009.
Mr. Reineck has more than 25 years experience in the information technology arena in various size companies from startups to $1+ billion revenue. Mr. Reineck was a founder and President of MIS Technologies, a managed Internet services provider based in Irvine, California and prior to that was Vice President of Technology and Corporate Development for Zland.com, an industry pioneer in the Software as a Service (SaaS) business based in Aliso Viejo. Prior to that Mr. Reineck was Vice President of Worldwide Sales, Marketing, and Business Development for Zycad Corporation, a NASDAQ company and leader in the semiconductor design and manufacturing tools space based in silicon valley. Mr. Reineck was also a Senior Manager of Worldwide Business Planning at Prime Computer where he was a key employee involved in the identification and execution of strategic investments and acquisitions including the $700 million acquisition of Computervision. Mr. Reineck is a graduate of the Massachusetts Institute of Technology with a degree in electrical engineering and a minor from the Sloan School of Management with a focus in economics.
About Alentus Corporation
Alentus Corporation, a Nevada corporation, has Data Center and Network Operations Center facilities in Edmonton, Alberta, Canada, Columbus Ohio and in London, United Kingdom. The its various brands 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.
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.


