The second quarter of 2009 marked an important milestone for the company as we completed the integration of the three acquisitions made in 2008.
Aliso Viejo, CA. (PRWEB) August 21, 2009
Alentus Corporation (Pink Sheets:ALNS), a leading provider of web hosting solutions including managed services, sharepoint hosting, Windows and Linux web hosting, and Microsoft exchange email services, today announced second quarter results for the period ended June 30, 2009. All figures are in U.S. dollars.
Second Quarter 2009 Results
2nd Quarter ended 1st Quarter ended
June 30, 2009 March 31, 2009
Revenues $ 1,607,903 $1,636,225
Cost of Revenues $ 476,877 $491,899
Gross Profit $ 1,131,026 $1,144,326
Total Operating Exp. $ 1,217,215 $1,160,820
Net Income $ (309,124) $ (257,150)
Normalized EBITDA* $ 111,092 $ 182,503
*Normalized EBITDA for the first quarter includes an adjustment of $20,037 to reflect non-cash stock compensation, $177,243 for depreciation and $222,935 interest primarily associated with acquisition debt.
The unaudited report can be read in its entirety at http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ALNS
"The second quarter of 2009 marked an important milestone for the company as we completed the integration of the three acquisitions made in 2008." said William King, CEO. "The integration included the migration of our Austin data center to our Columbus facility which will result in cost savings of over $250,000 in the next twelve months."
Adam LaFountain, VP of Infrastructure, provided insight into operational efficiency, "A substantial amount of resources were expended during the second quarter to properly position our consolidated infrastructure in a redundant and highly scalable environment. These investments will be key in the upcoming near term quarters as we look to launch new products within our existing portfolio while also driving new sales initiatives. In an environment where firms are scrambling for infrastructure, we've positioned ourselves with an internal platform that is not only scalable, but supports new technologies such as cloud and next-generation hosting."
Mr. King added, "The upcoming launch of our Domain Registrar, found at http://www.lowpricedomains.com , will bring on a new revenue stream that will allow us to capture a whole new audience of customers as well as complement our existing suite of hosting services. New product launches like domain registration, as well as expansion in collocation and http://www.alentus.com/dedicated-hosting/server.asp will drive our objectives to aggressively fill existing capacity in our data centers. This, in conjunction with ongoing cost reduction activities, will allow us to improve our gross margins during the rest of the year."
About Alentus Corporation
Alentus Corporation is a next-generation web hosting and infrastructure company headquartered in Aliso Viejo, California. We are a premier provider for both individuals and businesses looking for http://www.websitesource.com/, dedicated servers, virtual private servers (VPS), Microsoft Exchange and Sharepoint hosting, IP transit, and collocation.
Alentus provides a framework for on-demand and scalable online business with managed data centers and a global network across two continents in Los Angeles, Columbus, London, and Edmonton, Canada.
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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