InterCloud Systems Announces $3.95 Million Managed Services Contract

By GlobeNewswire,  June 26, 2014, 08:00:00 AM EDT


SHREWSBURY, N.J., June 26, 2014 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (Nasdaq:ICLD) announced today that it has been awarded a contract to provide managed services for a state of the art wireless and mobility network for a large Texas-based multinational corporation. InterCloud will leverage the advanced technologies of its client, which will include location based services and a robust analytics engine, to provide detailed information about their users and enhance their customer experience.

Mark Porter, Vice President of Managed Services, stated, "We are extremely proud to partner with this client and to be able to deliver a solution of this magnitude. To that end, we will provision seamless, advanced functionality solutions built on customer satisfaction using a disciplined approach to execution."

This project has a value of $3.95 million and is expected to be completed by September 2014.

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 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
         1-800-733-2447
         Mike@redchip.com

Source: InterCloud Systems, Inc.

This article appears in: News Headlines

Referenced Stocks: ICLD


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