American Diversified Holdings Corporation Formally Enters $160 Billion Cloud Computing Industry
American Diversified Holdings Corporation Completes Acquisition of Cloud Computing Company Rebel Networks
DEL MAR, Calif., June 17, 2011 (GLOBE NEWSWIRE) — American Diversified Holdings Corporation (Pink Sheets:ADHC) (www.americandiversifiedholdings.com) announced that it has completed the acquisition of Mississauga, Ontario-based Cloud computing company Rebel Networks.
Domenic Macchione, President and CEO of Rebel Networks Inc. stated, “This is a major development for us as it will allow us to expand our current Cloud platform to a broader scale, allow us to expand our Cloud offerings at a more rapid pace, and make Rebel Networks a major player in the Cloud computing space. This opportunity will also open up new markets in ehealth, mobility and the area of HIPAA compliance.”
ABOUT REBEL NETWORKS
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 name services, Web Design, Application Development, and shared web hosting solutions. Rebel Networks deploys secure, scalable, high performance business solutions to customers ranging from small, emerging businesses to large, enterprise corporations. For more information visit www.REBELNETWORKS.com.
ABOUT CLOUD COMPUTING
Recent estimates by Merrill Lynch pegged the Cloud Computing Industry to generate over $160 billion in revenue by the end of 2011. Cloud computing describes computation, software, data access, and storage solutions that do not require end-user knowledge of the physical location and configuration of the system that delivers the services. Parallels to this concept can be drawn with the electricity grid where end-users consume power resources without any necessary understanding of the component devices in the grid required to provide the service. Cloud computing is a natural evolution of the widespread adoption of virtualization, service-oriented architecture, autonomic, and utility computing. Details are abstracted from end-users, who no longer have need for expertise in, or control over, the technology infrastructure “in the Cloud” that supports them. Cloud computing describes a new supplement, consumption, and delivery models for services based on Internet protocols. Cloud computing also typically involves provisioning of dynamically scalable and often virtualized resources. It is a byproduct of ease-of-access to remote computing sites provided by the Internet. This frequently takes the form of web-based tools or applications that users can access and use through a web browser as if it were a program installed locally on their own computer.
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 for direct patient monitoring and information.
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.
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Source: American Diversified Holdings Corporation