Alentus Corporation Announces Strong Third Quarter Financial Performance.Company maintains positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become for 115 consecutive months ALISO VIEJO, Calif. -- Alentus Corporation (Pink Sheets:ALNS ALNS Admiral Lord Nelson School (Portsmouth, UK) ALNS Alien Lord New Species ), 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 [TABLE OMITTED] "Despite a challenging economic environment, Alentus posted another solid quarter of results," said William King William King may be:
About Alentus Corporation Alentus Corporation is based in Aliso Viejo, California Aliso Viejo is a city in Orange County, California, United States. As of the 2000 census, Aliso Viejo population was 40,166. Aliso Viejo became Orange County's 34th city on July 1, 2001, and has been the only city in Orange County to incorporate since 2000. , with Data Center and Network Operations Center See NOC. Network Operations Center - (NOC) A location from which the operation of a network or internet is monitored. Additionally, this center usually serves as a clearinghouse for connectivity problems and efforts to resolve those problems. facilities in Edmonton, Alberta, Canada, Columbus and Austin in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in London, United Kingdom. The company provides Microsoft Windows ASP.NET hosting, RedHat Linux website hosting, SharePoint hosting, SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. and mySQL database hosting, Microsoft Exchange Hosting, Virtual Private Servers (VPS (1) (Vectors Per Second) The measurement of the speed of a vector or array processor. See vector, vector processor and array processor. (2) (Virtual Private Server) See OS virtualization. ), 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. |
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