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.