DEL MAR, Calif., April 2, 2012 (GLOBE NEWSWIRE) -- American Diversified Holdings Corporation (Pink Sheets:ADHC) www.americandiversifiedholdings.com - Rebel Networks, www.rebelnetworks.com the Toronto, Ontario based subsidiary of ADHC cloud computing provider today announced that it plans to enhance its cloud based application offering to small and medium size companies. The Company has developed Business Cloud Box, which will enable small businesses to manage all their cloud products into a seamless single control panel.
Rebel Networks also stated that this is part of the cloud computing plan that has been in works for some time. Domenic Macchione, President and CEO, stated – "Rebel Networks can take numerous cloud services and bundle and unbundle them as per customer requirements." Rebel Networks will position itself as a vendor for small and medium businesses to enter into the cloud space with custom tailored solutions.
Domenic Macchione also stated, "Imagine customers today trying to manage all sorts of cloud services such as email, web portals, BlackBerry, mobile apps, storage, etc. from multiple vendors with multiple passwords and logins. Now Business Cloud Box can seamlessly integrate these cloud services into a single control panel and the customer can select which components they need and create custom bundles of services to match their requirements."
Rebel Networks is a leading provider of outsourced Internet infrastructure and related managed web solutions. Rebel Networks services include the provision of managed dedicated servers, unmanaged collocation services, domain names services, reseller hosting & shared web hosting solutions with 100% server uptime for your websites. Visit www.rebelnetworks.com today!
For more information or to schedule an interview, call 1-877-41-REBEL (73235).
In other company news and events, the board and management of ADHC is aware of certain volatility in its share price which occurred on Friday, March 30, 2012. The management of ADHC has always been of the opinion that its stock was subject of a massive short or oversold position. The management is of the opinion that this huge and unexpected surge in volume and volatility is based upon the recently completed 1 for 1,000 reverse split, and that this corporate action may finally address the oversold / short position. The company has been advised that the effective date for the share split is April 2nd 2012. Subsequently, the new trading symbol "ADHCD" (D added) shall remain in effect for approximately 20 business days and will revert back to the original symbol of ADHC.
The company intends to release news and events on a frequent and timely basis cumulative with this corporate action.
Disclosure
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.