CWIE Holdings enters into LOI to purchase Alpha Red
 

This post is to Confirm that

CWIE holdings LLC. the parent company of CCbill.com and Cavecreek.com has entered into an LOI to purchase Alpha Red hostings assets.

Please rest assured that service will continue uninterrupted over the weekend while we finalize this deal

http://www.webhostingtalk.com/showth...01#post5342901


Ron Cadwell
CEO
______________
CCbill.com
Cavecreek.com

who have you entered the LOI too exactly??

I'm sure that will bring a little calm to the remaining Alpha Red clients. Best wishes on the transition! Couldn't have asked for a better company to step up!

Wow great stuff! :thumbsup

Hmm.... all those AlphaRed threads just became redundant... good luck on the buyout.

congrats to the winner

good all the hosting sharks can swim back to the deep end and stop posting hosting threads

Lawlz. CWIE owned it up :)
Hopefully they don't inherit the debt orpotential damages of the lawsuit :P

the suit was after James himself, Alphared was his asset thats why it was named/mentioned. Though the outcome can still be interesting of the suit but none the less I believe it was after James personally and his assets.

wow big news! good job Ron and others involved :thumbsup

from the original post:

That's great news for those who host there. Solid company coming in to take over.

Only if the rumors are true, that AR was supported by "scareware". Caveverrk is top notch, so if prices do go up, they will be reasonable and at a level that ensures your servers are stable for years to come.

You get what you pay for and CaveCreek is one of the best. :thumbsup

I assume prices wont be the same, Dont think ccbill will be able to give out 30mbps boxes for $400

Good luck with the purchase, Ron! If you are successful with the 11th hour acquisition then you've saved AR clients from a world of hurt.

(crossing fingers)

Brad

I bet prices go up quite a bit, cc was never a cheap host.

that's the greatnews on alphared clients

Congrats to ccBill on the purchase. I hope the closing goes smoothly.

Good news but I already moved

That was actually a wise move dude.:thumbsup

Smart man =) get out while you still can! :upsidedow

This all smells of fish to me. It will be interresting to see how it all unfolds. I personally think the people at ccbill are not stupid enough to buy a worthless company and let it run the same way. But maybe that are?? who knows. My real thoughts are that they do buy it for pennies on the dollar (if that much) to save bandcon (which they are apart of) that supplied the BW and is under contract for to cogent for. Then raise upi the prices to a decent profitable margin. At this point its a numbers game as some people will stay and some cheapy people will leave. As Brad Mitchel and some other hosts have said, if you built a business that can only make money if you pay 6 bucks a meg for BW, then you're fucked anyway.

With the amount of business that has been coming in from this whole debacle, I cant imagine there will be much left of AR to purchase =)

Anyhow, I stick to my initial recommendation:

:warning GET OUT WHILE YOU STILL CAN! :warning

what is a bandcon?

Bandcom is a bandwidth wholesale reseller. http://www.bandcon.com/

and they fit into this equation how?

My general understanding is that CWIE is the owner or partial owner of Bandcon, a seperate company that sells colocation and transit, and that at least until recently AR was purchasing some of it's bandwidth (perhaps L3) from them and also possibly some of their transport as well.

Brad

if you buy a company being sued doesnt that put you in the suit?

Interresting view for sure.:2 cents:


Typically yes but there are always strange happenings when it comes to the Law and microsoft settlements. This will be interresting to see how the whoe thing plays out.:pimp

:error Alphared is not being sued.

:helpme:helpme Are you insane? Or just incredibly misinformed? :helpme:helpme

I just talked to there supervisor down in Houston and everything is running as normal. No servers are down and all workers are going back to work as usual. This deals seems to be in the bag.. wish both parties luck!!! :thumbsup

Bomber

why would you make a comment like this knowing that ron has stepped in?

I was under the impression it was their CEO/Owner who was being sued and not A.R. directly? Is it AR that's being sued or just the owner?
WG

Hi Ron,

I'm glad ccbill bought AR!

I used to work for Alpha Red until last year. I handled all the billing and accounts receivable part of the company.

I would love to work with you guys since I know the industry very well - that's if you are hiring someone to do this job in Houston.

You can shoot me an email at [email protected]

Thanks.

Pretty sure it fell through.