Business
InterCloud Systems Awarded New Contracts Valued at Over $1.5 Million
InterCloud Systems Awarded New Contracts Valued at Over $1.5 Million.
About this update from Intercloud Systems Inc
[{"type":"text","content":"\n\n SHREWSBURY, N.J., June 16, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the \"Company\" or \"InterCloud\") (OTC:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today announced that it was recently awarded over $1.5 million in new contracts for professional services for new and existing customers. A majority of the work is expected to begin immediately.\n Mark Munro, CEO of InterCloud Systems stated, “As we have previously reported, we continue to divest ourselves from non-core assets while reducing debt.  Additionally, we continue to make significant strides in reducing salary and wage expense and SG&A expense.  We will continue to focus on our remaining traditional IT services companies while presenting our NFVgrid platform to Fortune 500 companies in the carrier and enterprise sectors.  Our goal is to become cash flow positive, make strategic acquisitions at the appropriate time and focus upon shareholder value.” 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 rel...