GlobeNewswire
2011-12-20
Rebel Plans Rollout of Previously Announced Small Business
Suite of Cloud Based Products Early in First Quarter 2012
DEL MAR Calif., Dec. 20, 2011 (GLOBE NEWSWIRE) -- American Diversified
Holdings Corporation (ADHC.PK) has announced it has completed its
previously announced intention to acquire Rebel Networks. This
announcement is contained in the Company's latest filing with the Pink
Sheets dated December 16th, 2011. The Company has made the requisite
contractual payment to complete the acquisition and will now embark on
an ambitious capital expenditure program to more than double Rebel's
capacity as well as complete development of its previously announced
small business suite of cloud based software products.
The Company also plans to completely consolidate the operations and
finances of Rebel Networks and plans to have this completed in time for
its next quarterly filing. This consolidation will help expand Rebel's
400+ customer base as well as enhance its high gross margin operations
by providing the necessary funds to accelerate its growth both in terms
of number of clients as well as products offered. It is the Company's
intention to significantly increase Rebel's participation in the $160
billion cloud computing industry.
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 and 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
American Diversified Holdings Corporation (Pink Sheets:ADHC) is a
publicly traded Company headquartered in Del Mar, California.
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.
CONTACT: American Diversified Holdings Corporation
ir@americandiversifiedholdings.com
www.americandiversifiedholdings.com