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Customer CommentsAlentus Corporation Announces Strong Third Quarter Financial Performance
Aliso Viejo, California. - March 10, 2009
Company maintains positive EBITDA for 115 consecutive months
ALISO VIEJO, Calif.-- Alentus Corporation (Pink Sheets:ALNS), today announced third quarter results for the period ended September 30, 2008. The unaudited report can be read in its entirety at http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ALNS.
Alentus achieved solid increases in revenue, EBITDA, assets and equity during the third quarter and accomplished several key objectives, including the integration of our London and Austin based acquisitions made in the second quarter. During this period revenue increased 22% from the prior three month period.
Financial results from the three month and nine month periods ended September 30, 2008 include:
- Revenues: $2,010,289 increased by 22% from Q2
- Gross Profit: $1,392,562
- Positive EBITDA: $222,597
| Three-Months ended | Nine-Months ended | |
| September 30, 2008 | September 30, 2008 | |
| Revenues | $ 2,010,289 | $ 4,635,198 |
| Cost of Revenues | $ 617,727 | $ 1,240,174 |
| Gross Profit | $ 1,392,562 | $ 3,395,024 |
| Total Operating Expenses | $ 1,228,014 | $ 3,000,150 |
| Net Income* | $ 1,945 | $ (35,813) |
| EBITDA | $ 222,597 | $ 594,496 |
“Despite a challenging economic environment, Alentus posted another solid quarter of results,” said William King, CEO. “We continue to expand our customer base through organic growth and acquisitions. Alentus is well positioned for continued growth in 2009, both through new acquisitions and increasing the capacity of our existing operations.”
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.
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.
