RSDV Signs Letter of Intent With AptHost.com, a Leader in Video Hosting, Powering Social Media Websites Similar to YouTube
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Wed, 15 Oct 2008 16:14:20 GMT |
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Rancho Santa Monica Developments Inc. |
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MADERA, Calif., Oct. 15 CA-RSDV-signs-letter
MADERA, Calif., Oct. 15 /PRNewswire-FirstCall/ -- Rancho Santa Monica
Developments Inc. (OTC Bulletin Board: RSDV.OB) and AptHost.com Communications
USA Inc. announced today a letter of intent under which Rancho Santa Monica
Developments will acquire privately held AptHost.com ( www.apthost.com ), a
leader in providing Social Media Hosting, worldwide. Terms of the agreement
were not announced.
AptHost.com, is a strategic addition to the Rancho Santa Monica
Developments business. The acquisition will extend Rancho Santa Monica
Developments into the ever-growing web hosting and technology industry.
AptHost.com has seen an expansive growth in the hosting industry by providing
a unique service that gives clients the capability to upload and stream videos
on their website. Special software installed and managed by AptHost.com allow
scripts such as PHPmotion and Clip-Share to run flawlessly, allowing website
owners to have a website similar to YouTube.
"This is an exciting milestone for our company, and we look forward in
scaling our growth with Rancho Santa Monica Developments," said Brian French,
president and founder of AptHost.com. "With Rancho Santa Monica Developments
we intend to build on top our incredible growth in the industry which we can
attribute to our specialty hosting. Rancho Santa Monica Developments expertise
and knowledge make it an ideal partner for AptHost.com. Our combined teams
will create exciting growth opportunities for our company and customers."
Since it's inception in 2001, AptHost.com has serviced thousands of
clients worldwide and has experienced a steady increase of growth particularly
since it first introduced FFmpeg hosting to the Shared Hosting market. FFmpeg
is a collection of software that can record, convert and stream digital audio
and video over the Internet. It is the combination of FFmpeg and other
innovative technology that has allowed AptHost.com to become what it is today,
a widely known leader in the hosting industry as providers of FFmpeg and
Social Media Hosting.
"With social media and video sharing taking the internet by storm, I would
expect to see dramatic growth in the coming years. Companies such as CBS
Networks, FOX, and NBC have just begun to offer full programming such as the
new 90210 series on YouTube and other media sites; the trends are changing
quickly and the demand for high quality and fast video hosting for the masses
is increasing dramatically. Media sites will soon own a large percentage of
the programming markets. Successful hosting of these types of media will come
down to the companies that can offer the best support and service for this
exploding market," said Brian French.
Rancho Santa Monica Developments intends to raise capital to enhance
advertising and continue development of industry leading technology as it
relates to the support and hosting of FFmpeg powered Social Media websites.
Rancho Santa Monica Developments also intends to work with the AptHost.com
team to develop other technologies and applications. With the growing video
hosting market, the company has discovered an important niche for which they
built their foundation and are now in the process of growing into other
hosting markets. "We are using innovation to give us an edge in maintaining
our stance as a leader in the hosting industry," said Brian French.
AptHost.com plans to grow and develop its product line for many years to
come with the coming addition of Tomcat Hosting and other technology, unique
to the hosting industry. Tomcat allows for a Java hosting environment, giving
website owners the opportunity to create their own Java applications with the
necessary tools, configuration and management needed to run them. With the
addition of Tomcat, AptHost.com is testing new technology and In-house
software which has yet to be announced.
As a result of the acquisition, Rancho Santa Monica Developments has
announced an offering of shares at $0.50 a share. For each share, the holder
will get one warrant for $0.50 a share, good for 2 years. Further information,
regarding the acquisition will be posted shortly.
About AptHost.com
Founded in 2001, AptHost.com started by offering Linux-Based Shared Web
Hosting and grew to offer a comprehensive level of hosting products for
consumers and businesses worldwide.
About Rancho Santa Monica Developments, Inc.
Founded in 2004, Rancho is a US Public Company with ticker symbol RSDV. We
are a diversified development company based in Madera, CA.
SOURCE Rancho Santa Monica Developments Inc.
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PR Newswire. All rights reserved.
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