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CloudCommerce Inc. (CLWD)

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CloudCommerce and Parscale Creative Announce Merger Agreement 

Rapidly growing San Antonio-based provider of enterprise digital marketing services expected to increase the company's size and presence in the marketplace 

SANTA BARBARA, CA--(Marketwired - August 01, 2017) - CloudCommerce, Inc. (OTCQB: CLWD) (the "Company"), a global provider of advanced digital marketing and e-commerce services to leading brands, today announced the execution of a merger agreement under which the Company has acquired 100% of Parscale Creative, Inc. ("Parscale Creative"), a rapidly growing provider of enterprise digital marketing services. 

Parscale Creative is comprised of certain assets spun out of Giles-Parscale, Inc., a San Antonio-based firm owned by Brad Parscale and Jill Giles. After closing the transaction today, Parscale Creative was renamed Parscale Digital, Inc. ("Parscale"). 

Mr. Parscale, will serve on the CloudCommerce Board of Directors and as a consultant to Parscale to provide strategy, vision and leadership. He will continue to provide digital marketing services to his growing base of political clients through his own separate company. Ms. Giles will serve as an advisor to CloudCommerce and as Creative Director of Parscale and focus on growing the value of its enterprise customers. 

Founded by Jill Giles and Brad Parscale in 2011, Giles-Parscale fuses quality digital and experiential design with leading-edge web development and digital marketing strategies, a rare combination of design experience and technical expertise. The firm has earned an exceptional reputation for creating highly effective experiential marketing solutions for clients that range from Universal Studios and the San Antonio River Walk to UTSA and the Stock Show & Rodeo.

Giles-Parscale was responsible for all the digital marketing activities of the Donald J. Trump for President campaign and online fundraising efforts. In 2016, Mr. Parscale was officially named Digital Media Director for the Donald J. Trump for President campaign. 

Mr. Parscale began working for the Donald J. Trump Organization in 2011, providing website development, design and digital media strategy for Trump International Realty, and subsequently working on projects for Trump Winery and the Eric Trump Foundation. 

The consideration for the acquisition of Parscale Creative was $9,000,000 paid in the form of ninety thousand (90,000) shares of the Company's Series D Preferred Stock, with a stated value of $100 per share. Each one (1) share of Series D Preferred Stock is convertible into two thousand five hundred (2,500) shares of the Company's common stock. 

Today, CloudCommerce also entered into a definitive agreement to acquire a second company -- Parscale Media, LLC (Parscale Media) -- a managed hosting solutions provider owned by Mr. Parscale. For over a decade, Parscale Media has provided its customers with advanced managed hosting solutions. The technical experience required to architect, build and manage rapidly scaling websites with increasing demand for security has been their focus since their inception. Parscale Media has over 500 customers, many of which will require digital marketing services from Parscale. 

Under the supervision of Mr. Parscale, CloudCommerce will manage the day-to-day operations of Parscale Media until the transaction closes. After the closing, it is anticipated that Mr. Parscale will continue to provide valuable support to CloudCommerce and the hosting business. The closing of this transaction is subject to CloudCommerce's satisfactory review of the operations and audit of financial and corporate records. 

These transactions will mark the second and third acquisitions in CloudCommerce's previously announced growth-by-acquisition strategy. The strategy is aimed at providing comprehensive digital solutions for its customers and strengthening the company's position and footprint in the industry. 

"These acquisitions are transformational for our company," said Andrew Van Noy, CEO of CloudCommerce, Inc. "Adding these businesses allows us to provide end-to-end holistic and digital marketing solutions for our customers, and brings us an experienced team that will help drive significant future growth. Brad and Jill have done a terrific job creating a trusted brand in the digital marketing and web solutions industry, and we feel very privileged to be working with them." 

Mr. Parscale commented, "I'm very excited for my staff and clients to have this great opportunity to take Parscale to even new heights. For nearly two decades my companies have helped clients meet their marketing and business goals. This merger brings even more possibilities and takes us from not just being the best digital and creative shop in San Antonio but now competitive across the entire nation." 

In addition to maximizing internal growth, CloudCommerce intends to continue seeking out additional companies to acquire in an effort to form a global family of digital services and solutions to help leading brands successfully conduct business in the cloud. 

About CloudCommerce 

CloudCommerce, Inc. (CLWD) provides advanced e-commerce services to leading brands. Our customers depend on us to help them compete effectively in the $1.6 trillion worldwide e-commerce market. Our comprehensive services include: (1) development of highly customized and sophisticated online stores, (2) real-time integration to other business systems, (3) digital marketing and data analytics, (4) complete and secure site management, and (5) integration to physical stores. Our goal is to become the industry leader by rapidly increasing the number of customers who regularly depend on us and by acquiring other rapidly growing e-commerce service providers. To learn more about CloudCommerce, please visit www.cloudcommerce.com. 
 

 

 

 

 

 

 

 

 

 

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PostSubject
#3125  Sticky Note Is CLWD trading at a fair or discount value? Deerock 09/03/17 02:48:23 PM
#3086  Sticky Note Here's another reason this is a buy and The Rainmaker 08/26/17 11:29:29 AM
#2891  Sticky Note CloudCommerce and Parscale Creative Announce Merger Agreement The Rainmaker 08/08/17 11:40:03 AM
#2826  Sticky Note CLWD merger play...Let the megan kelly video load The Rainmaker 08/06/17 10:58:23 PM
#3235   Chipping away on dips! MIKE2OO5 09/19/17 07:52:11 PM
#3234   Bit by bit we keep thinning out the The Rainmaker 09/19/17 04:07:15 PM
#3233   New filing should be out shortly The Rainmaker 09/19/17 09:26:15 AM
#3232   Very nice......great company with a very rosy budgetthis 09/18/17 11:54:43 AM
#3231   CLWD Level 2 On the launch pad for The Rainmaker 09/18/17 10:31:25 AM
#3230   .053 X .0585 to start the week...nice start The Rainmaker 09/18/17 09:58:57 AM
#3229   Really nice accumulation today almost 20 grand traded The Rainmaker 09/16/17 12:39:34 AM
#3228   yeah I know. lol adding without driving it dshade 09/15/17 02:38:00 PM
#3227   5 cents is the new 2 cents....lol. Have The Rainmaker 09/15/17 02:35:40 PM
#3226   couple weeks ago. I wasn't sure after dshade 09/15/17 02:34:31 PM
#3225   When was that? The Rainmaker 09/15/17 02:32:11 PM
#3224   can't believe I missed the pullback to .02s dshade 09/15/17 02:26:41 PM
#3223   As soon as they start announcing the names The Rainmaker 09/15/17 02:16:49 PM
#3222   If u post this on twtr who parscale etcetera 09/15/17 01:02:54 PM
#3221   Just waiting for you to help make it happen!:) LAQUEST 09/15/17 12:55:10 PM
#3220   Checking in surprised this one isnt above .20 etcetera 09/15/17 10:15:37 AM
#3219   CLWD Level 2 so thin....next good burst of The Rainmaker 09/15/17 09:48:48 AM
#3218   none of it matters TrendTrade2016 09/14/17 04:25:04 PM
#3217   Hopefully big name accounts and an expansion of sirius22 09/14/17 03:55:55 PM
#3216   Cant decide which one we see next....Big name The Rainmaker 09/14/17 01:40:32 PM
#3215   CLWD twitter link for those that use twitter The Rainmaker 09/14/17 12:33:01 PM
#3214   Easiest buy and hold out there imho....Brad and The Rainmaker 09/13/17 11:38:27 AM
#3213   There's a million stories in the naked city. The Rainmaker 09/12/17 07:12:27 PM
#3212   I was part of that. Sold 2k to LAQUEST 09/12/17 07:07:35 PM
#3211   Volume is light and if you added up The Rainmaker 09/12/17 04:07:16 PM
#3210   Kind of confusing...new merger, no obvious downside, potential zagdad 09/12/17 03:03:51 PM
#3209   Dollar Land eventually. "In addition to maximizing internal growth, HandOverFist 09/12/17 01:53:23 PM
#3208   Under Mr. Parscale's strategic leadership, CloudCommerce intends to The Rainmaker 09/12/17 11:45:55 AM
#3207   I think the next filing would be a The Rainmaker 09/12/17 11:45:26 AM
#3206   It's appears they are due to report any HandOverFist 09/12/17 09:37:24 AM
#3205   New accounts, more acquisitions....this stock is going places. The Rainmaker 09/12/17 09:27:11 AM
#3204   See this going higher. Legitimate company. Good group of investors. OTCQB HandOverFist 09/11/17 03:05:14 PM
#3203   I do not think the chart could look sirius22 09/11/17 02:41:08 PM
#3202   News Trumps all and Trump news here is The Rainmaker 09/11/17 02:33:33 PM
#3201   if trend holds true we could double any kairos 09/11/17 02:32:37 PM
#3200   Interestingly you never posted a buy alert before The Rainmaker 09/11/17 02:31:20 PM
#3199   all out here on failed attempt to break. TrendTrade2016 09/11/17 02:25:20 PM
#3198   Just the kind of action I was hoping kairos 09/11/17 11:00:59 AM
#3197   $CLWD looking better and better. :) FightingBack 09/11/17 10:15:14 AM
#3196   August volume after the merger news was 20 The Rainmaker 09/11/17 09:12:47 AM
#3194   Like I said AUGUST 1st ZERO accumulation! MIKE2OO5 09/11/17 06:57:31 AM
#3192   Growing sales eliminating debt....CloudCommerce Reports Record Quarterly Revenue The Rainmaker 09/10/17 08:35:44 PM
#3191   Growth by acquisitions...CloudCommerce Reports Over 300% Increase SANTA The Rainmaker 09/10/17 08:34:25 PM
#3190   Thats good your post shows that there is The Rainmaker 09/10/17 08:31:33 PM
#3189   What your joking right? MIKE2OO5 09/10/17 07:06:56 PM
#3188   There is nothing that is an exact science...there georgie18 09/10/17 06:17:10 PM
#3187   This is a tough space CLWD is in, TrendTrade2016 09/10/17 05:43:01 PM
#3186   Yes it did. look at the pre news TrendTrade2016 09/10/17 05:30:54 PM
#3185   You guys are pumping it up too much..:).. Gan 09/10/17 02:12:55 PM
#3184   Brad and POTUS The Rainmaker 09/10/17 01:39:12 PM
PostSubject