DEL MAR, Calif., July 6, 2011 (GLOBE NEWSWIRE) — Rebel Networks, the wholly owned operating subsidiary of American Diversified Holdings Corporation (Pink Sheets:ADHC) announced today that first half revenue grew by 26% and customer base grew by 19% over first half of 2010. Rebel Networks today hosts and manages over 10,000 websites, and handles over 50,0000 email accounts from companies in 26 countries around the world.
Rebel Networks stated that this is the typical small business customer that is coming to us on a regular basis. The Company has had 25% consistent growth in the first half of 2011 and is expected to continue at that pace for the rest of the year.
In 2012, Rebel Networks expects growth to continue but at a more aggressive rate of 30%. Domenic Macchione, President and CEO, stated, “We have built the cloud infrastructure to handle well over 1000 customers, and within 90 days, our expanded owaCLOUD will be able to easily handle over 100,000 hosted accounts and services.” Rebel Networks have stated that they should achieve revenue to exceed 1 million dollars in 24 months through organic growth and expansion of our services. We also expect to maintain a 25% EBITDA on our revenue, even though our growth rate is accelerating.
Rebel, through its parent, ADHC, will also embark on a strategic acquisition program to attain growth and market share and expects further disclosures regarding this strategy as events unfold.
About Rebel Networks
Rebel Networks today hosts over 10,000 websites, email accounts, domain names, and online services to companies in over 35 countries around the globe. Their customer base is mostly small and medium businesses, but they also have blue chip accounts such as HSBC, Ferrari Racing, Research in Motion and Workers Compensation Board.
Rebel Networks is a leading provider of outsourced Internet infrastructure and related managed web solutions. Rebel Networks services include the provision of self- managed and fully managed dedicated servers, unmanaged collocation services, domain names services, Web Design, Application Development, & shared web hosting solutions. Rebel Networks deploys secure, scalable, high performance business solutions to customers ranging from small, emerging businesses to large, and enterprise corporations. For more information visit: www.REBELNETWORKS.com
About American Diversified Holding Corp
American Diversified Holdings Corporation (Pink Sheets:ADHC) is a publicly traded Company headquartered in Del Mar, California. ADHC is developing a unique software platform for the Mobile Health Care Market as the medical profession gears up to go electronic for Electronic Health Records (EHR) and also for direct patient monitoring and information. ADHC’s EHR and mHealth.
This press release contains forward-looking statements pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company’s plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. American Diversified Holdings common stock currently trades on the over-the-counter “Pink Sheets” under the symbol ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no inference has been made that this release contains all such information.
Source: American Diversified Holdings Corporation