InterCloud Adds Over $8 Million in Next Generation Network Solution Sales

By GlobeNewswire,  July 11, 2014, 08:00:00 AM EDT


SHREWSBURY, N.J., July 11, 2014 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (Nasdaq:ICLD) has seen an influx of new purchase orders for WiFi, DAS, small cell and other next generation network wireless solutions. Including the previously announced $4.9 Million Chicago commercial project, in the last 90 days InterCloud has seen more than $3.1 Million in additional purchase orders from existing clients for new wireless network expansion.

"These new purchase orders demonstrate the growth of wireless network solutions necessary to handle the massive increase in wireless data usage within our customers' network infrastructure. As we see these continued opportunities in next-generation network expansion we are increasing our professional team to service this demand," stated Mark Munro, CEO of InterCloud. "We continue to scale our sales organization to meet these growing demands."

About InterCloud Systems, Inc.:

InterCloud Systems, Inc. is a single-source provider of end-to-end information technology (IT) and next-generation network solutions to the telecommunications service provider (carrier) and corporate enterprise markets through cloud platforms and professional services. InterCloud offers cloud and managed services, professional consulting and staffing services, and voice, data and optical solutions to assist its customers in meeting their changing technology demands. Additional information regarding InterCloud may be found on the Company'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
         RedChip Companies, Inc.Mike Bowdoin, Vice President
         800-733-2447, ext.110
         Mike@redchip.com

Source: InterCloud Systems, Inc.

This article appears in: News Headlines

Referenced Stocks: ICLD


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