Business
InterCloud Systems Awarded Over $400K of New Contracts
InterCloud Systems Awarded Over $400K of New Contracts.
About this update from Intercloud Systems Inc
[{"type":"text","content":"\n\n NEW YORK, Feb. 09, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the \"Company\" or \"InterCloud\") (OTCQB:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today announced that it was recently awarded over $400,000 in new contracts in the last three weeks.  A majority of the work is expected to begin immediately.\n Mark Munro, CEO of InterCloud Systems stated: “We continue to see higher trading volume and dilution in our stock as lenders exercise their rights to convert their debt into equity.  These conversions and the corresponding dilution is outside of the Company’s control while the debt is outstanding.   The Company is working very aggressively to finalize a conventional asset based financing solution to pay off a portion of the convertible debt and help reduce these conversions.  We are also working to complete the sale of certain non-core assets to eliminate additional convertible debt as well.”  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 relat...