Business
UPDATE -- InterCloud Systems Awarded New Contracts Valued at Over $1.2 Million
UPDATE -- InterCloud Systems Awarded New Contracts Valued at Over $1.2 Million.
About this update from Intercloud Systems Inc
[{"type":"text","content":"\n\n SHREWSBURY, N.J., Feb. 27, 2018 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the \"Company\" or \"InterCloud\") (OTC:ICLDD), a leading provider of cloud networking orchestration and automation solutions and services, today announced that it was recently awarded over $1.2 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, “We are securing new business in our remaining operating subsidiaries without any interruptions.  We will continue to realign and pivot the business of the Company through divestures of assets that reduce our convertible and toxic debt. In addition, we will continue to drive the SD –WAN and SDN Technology partnerships in order to grow recurring revenues in 2018.   Our goal is to become cash flow positive and rebuild shareholder value. Our access to the capital markets in the future is critical to that growth. The recently completed reverse split is intended to help us with that growth plan.” 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...