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Alentus Corporation Announces New Investment and Sale of Subsidiary

February 16, 2011 by  

Hosting BlogLAS VEGAS, NV – Alentus Corporation (PINKSHEETS: ALNS), a web hosting, domain registrar, dedicated server, SaaS and E-Commerce hosting provider, today is announcing an investor purchase of its preferred stock and the sale of Alentus UK, a wholly owned subsidiary of Alentus Corporation.

Alentus has closed on $60,000 of its Series C-1 offering of preferred stock to a US investor. The Company may sell up to $1,000,000 of this issue. The preferred stock can convert in common stock at 80% of the 10 day average price or a .03 minimum and .08 maximum if purchased before June 30, 2011.


In addition, Alentus has sold its UK subsidiary; Alentus UK, to a group in the United Kingdom that would like to expand their presence there. The sale price is undisclosed but will result in a substantial reduction in accounts payable and an increase in notes receivable on the consolidated balance sheet of Alentus Corporation.

“The sale of Alentus UK will allow management to focus more of its efforts on the growing and more profitable North American operations and the exciting new products we will be launching,” said William King, CEO of Alentus. “The cost savings we will realize from the sale coupled with the new investment in the company will allow us to aggressively grow our customer base through acquisition as well as organically.”

About Alentus Corporation
Alentus Corporation is a multinational, US based, Internet focused solution provider with a network of data and network operations center facilities in Canada, the United States and United Kingdom. The company provides a wide range of Internet based solutions under several brands. Under these brands Alentus provides solutions that include Microsoft Windows asp.net hosting, RedHat Linux website hosting, Sharepoint hosting, SQL and mySQL database hosting, Microsoft Exchange Hosting, Virtual Private Servers (VPS), dedicated server solutions, colocation, and domain name registration to thousands of small- to medium-sized companies and customized solutions to larger organizations including many Fortune 500 clients.

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