×

InterCloud Systems, Inc. Announces $8 Million Credit Facility With Forward Investments

SHREWSBURY, N.J., Sept. 25, 2014 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (Nasdaq:ICLD) announces today that it has secured a new senior credit facility from Forward Investments. This new $8 million facility is secured by the consolidated accounts receivable of InterCloud and its subsidiaries.

"This new facility further increases our financial flexibility. Forward Investments is one of the Company's largest shareholders, and we are pleased to have their continued support of our growth," stated Mark Munro, CEO of InterCloud CEO.

About InterCloud Systems

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-centric solutions and 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. 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 http://www.intercloudsys.com.

CONTACT: Investor Relations Mike Bowdoin RedChip Companies, Inc. Tel: +1-800-733-2447, ext. 110 mike@redchip.com http://www.redchip.com

Source:InterCloud Systems, Inc.