SHREWSBURY, N.J., June 2, 2014 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (Nasdaq:ICLD) announced today the award of a $4.9 Million distributed antenna system (DAS) project in downtown Chicago. This multi-phase enterprise DAS project will begin in June 2014, with anticipated completion by year-end 2014.
"This new contract award provides confirmation of the explosive growth of mobility and network expansion within both the enterprise and service provider markets. Enterprise and service provider IT organizations struggle to meet the demands of global growth in hand held devices and the impact it has on their existing IT network infrastructure. We expect to see continued opportunities for our organization in WiFi, DAS and small cell network expansion over the next several years as the world continues to experience the impact of the "consumerization of IT"," stated Mark Munro, CEO of InterCloud. "We've positioned InterCloud as a leading single source provider of IT solutions, 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 single-source provider of end-to-end information technology (IT) and next-generation network solutions to the telecommunications service provider (carrier) and corporate enterprise markets through cloud platforms and professional services. InterCloud offers cloud and managed services, professional consulting and staffing services, and voice, data and optical solutions to assist its customers in meeting their changing technology demands. Additional information regarding InterCloud may be found on the Company'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 the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
CONTACT: Investor Relations RedChip Companies, Inc. Mike Bowdoin, Vice President 800-733-2447, ext.110 Mike@redchip.com
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