Market Overview

InterCloud Shares Rise 10% as Company Awarded Over $2.5M in New Professional Services Contracts

InterCloud Systems (Nasdaq: ICLD) 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,

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Posted-In: News Guidance Financing Contracts Management

 

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