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InterCloud Awarded Over $2.5 Million in New Professional Services ContractsBOCA RATON, Fla., Nov 21, 2013 (GLOBE NEWSWIRE via COMTEX) -- InterCloud Systems, Inc. (Nasdaq:ICLD), a single-source provider of end-to end IT and telecom solutions to the service provider and corporate enterprise markets through cloud platforms and professional services, announced today that its Professional Services Group was recently awarded over $2.5 million in new professional services contracts, from new and existing clients. The project services are for national tier 1 and tier 2 carriers' network expansions and include: site audits; site mappings; engineering and design; and structural design and analysis. InterCloud expects to commence work on these additional projects in the fourth quarter. "The ongoing new contract awards we're receiving, and their geographic diversity, provide solid confirmation of the major network expansions currently underway globally," stated Mark Munro, CEO of InterCloud. "We've positioned InterCloud as a leading professional services provider, and we're scaling the organization efficiently to meet what we believe is strong, growing demand." About InterCloud Systems, Inc.: InterCloud Systems, Inc. is a global single-source provider of value-added services for both corporate enterprises and service providers. The company offers cloud and managed services, professional consulting services and voice, data and optical solutions to assist its customers in meeting their changing technology demands. Its engineering, design, installation and maintenance services support the build-out and operation of some of the most advanced enterprise, fiber optic, Ethernet and wireless networks. Additional information regarding InterCloud may be found on the Company's website at www.intercloudsys.com. FORWARD-LOOKING STATEMENTS The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements. Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. ICLD intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause the Company actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in the Company's annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov CONTACT: Investor Relations RedChip Companies, Inc. Mike Bowdoin, Vice President 800-733-2447, ext. 110 [email protected] http://media.globenewswire.com/cache/11788/small/19770.jpg //www.globenewswire.com/newsroom/ti?nf=MTMjMTAwNTg4OTMjMTE3ODg= |
