ALISO VIEJO, Calif. -- Alentus Corporation (Pink Sheets:ALNS), is a leading provider of web solutions including dedicated servers managed services, Windows and Linux web hosting, Sharepoint hosting, and Microsoft Exchange email services.
Alentus is making this announcement as part of its commitment to provide transparency and comply with current information rules of the PinkOTC. Those rules require Alentus to disclose significant employee stock purchase and sale transactions within four business days of their occurrence. Randy Reineck, currently Executive Vice President of Corporate Development, recently purchased 1,100,000 shares of Alentus restricted common stock which when added to the 1,100,000 shares purchased in the quarter ending March 2009 results in the cumulative purchase of 2,200,000 shares for a total purchase price of $132,000 or 6 cents per share.
Mr. Reineck was also elected to the company's board of directors on April 23, 2009.
Mr. Reineck has more than 25 years experience in the information technology arena in various size companies from startups to $1+ billion revenue. Mr. Reineck was a founder and President of MIS Technologies, a managed Internet services provider based in Irvine, California and prior to that was Vice President of Technology and Corporate Development for Zland.com, an industry pioneer in the Software as a Service (SaaS) business based in Aliso Viejo. Prior to that Mr. Reineck was Vice President of Worldwide Sales, Marketing, and Business Development for Zycad Corporation, a NASDAQ company and leader in the semiconductor design and manufacturing tools space based in silicon valley. Mr. Reineck was also a Senior Manager of Worldwide Business Planning at Prime Computer where he was a key employee involved in the identification and execution of strategic investments and acquisitions including the $700 million acquisition of Computervision.
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