Business
InterCloud Systems Awarded a New Contract Valued at as Much as $5 Million or More
InterCloud Systems Awarded a New Contract Valued at as Much as $5 Million or More.
About this update from Intercloud Systems Inc
[{"type":"text","content":"\n\n SHREWSBURY, N.J., Aug. 29, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the \"Company\" or \"InterCloud\") (OTC:ICLD), a leading provider of network solutions and services, today announced that it was recently awarded a fiber build contract in California with a tier 1 service provider.  Management believes that this contract may result in revenues of $5 million or more over the life of the contract. The work is expected to begin shortly.\n Mark Munro, CEO of InterCloud Systems stated, “As we continue to develop a recurring revenue stream from our newly released products, our professional services division continues to secure large scale contracts to upgrade and service the networks of tier 1 telecom service providers. Our sales organization has a solid pipeline of new business and the outlook for this fall remains very positive for additional large scale opportunities.\" 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...