InterCloud Systems Awarded New Professional Service Contracts Valued at Over $4.1 Million
May 13 2016 - 7:50AM
InterCloud Systems, Inc. (the "Company" or "InterCloud")
(NASDAQ:ICLD), a leading provider of cloud networking orchestration
and automation solutions and services, today announced that it was
recently awarded over $4.1 million in new contracts for
professional services in connection with next generation network
upgrades for new and existing clients. A majority of the work
is expected to begin immediately.
Mark Munro, CEO of InterCloud Systems, stated: “Our business is
robust as next generation Wi-Fi and DAS network deployments are on
the rise. Our managed services group has also seen an
increase in new business. We also see new opportunities
for Software Defined Networking (SDN) and Network Function
Virtualization (NFV) on the horizon and expect solid growth in this
emerging space, along with our professional and managed services,
throughout the remainder of 2016.
Our shareholders should know that we continue to see an influx
of new business as we work diligently with our new auditor to
complete our 2015 10-K and first quarter of 2016 10-Q filings.
Our new auditor has committed enough resources to enable an
expeditious completion of such filings.”
About InterCloud Systems, Inc.
InterCloud Systems, Inc. is a leading provider of cloud
networking orchestration and automation, for Software Defined
Networking (SDN) and Network Function Virtualization (NFV) cloud
environments to the telecommunications service provider (carrier)
and corporate enterprise markets through cloud solutions and
professional services. InterCloud's cloud solutions offer
enterprise and service-provider customers the opportunity to adopt
an operational expense model by outsourcing cloud deployment and
management to InterCloud rather than the capital expense model that
has dominated in recent decades in IT infrastructure management.
Additional information regarding InterCloud may be found on
InterCloud's website at www.intercloudsys.com.
Forward-looking statements:
The above news release contains forward-looking statements. The
statements contained in this document that are not statements of
historical fact, including but not limited to, statements
identified by the use of terms such as "anticipate," "appear,"
"believe," "could," "estimate," "expect," "hope," "indicate,"
"intend," "likely," "may," "might," "plan," "potential," "project,"
"seek," "should," "will," "would," and other variations or negative
expressions of these terms, including statements related to
expected market trends and the Company's performance, are all
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and involve a number of
risks and uncertainties. These statements are based on assumptions
that management believes are reasonable based on currently
available information, and include statements regarding the intent,
belief or current expectations of the Company and its management.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performances, and are
subject to a wide range of external factors, uncertainties,
business risks, and other risks identified in filings made by the
company with the Securities and Exchange Commission. Actual results
may differ materially from those indicated by such forward-looking
statements. The Company expressly disclaims any obligation or
undertaking to update or revise any forward-looking statement
contained herein to reflect any change in the company's
expectations with regard thereto or any change in events,
conditions or circumstances upon which any statement is based
except as required by applicable law and regulations.
CONTACT:
Investor Relations
InterCloud Systems, Inc.
561-988-1988
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