SHREWSBURY, N.J., Aug. 8, 2014 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc.'s ("InterCloud or the "Company") (Nasdaq:ICLD) Professional Services Segment announces that it has secured over $1.4 million worth of new purchase orders for projects within the United States and Puerto Rico. These new projects include services to wireless carriers in support of their next-generation wireless network expansions.
These new projects add to the influx of new purchase orders InterCloud is receiving across its three segments, Cloud and Managed Service, Applications and Infrastructure and Professional Services. New business backlog for 2014 is now in excess of $25 Million. This includes over $3 Million of sales that were not included in the Company's previous disclosure.
Highlights of this new business backlog include over $8.5 Million in work from our Cloud and Managed Services Segment and over $8.6 Million in our Professional Services Segment for next-generation wireless networks.
"This new business backlog continues to surpass previously announced all time highs for the Company. This validates our organic growth strategy and our focus in the high growth segments of the service provider and enterprise markets. We are very excited for all our key stakeholders," stated Mark Munro, CEO of InterCloud.
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.
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
Source:InterCloud Systems, Inc.