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CloudCommerce Inc. (CLWD)

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Last Post: 11/19/2017 7:44:03 PM - Followers: 116 - Board type: Free - Posts Today: 0


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
#2826  Sticky Note CLWD merger play...Let the megan kelly video load The Rainmaker 08/06/17 10:58:23 PM
#3471   I was a little concerned about the political LAQUEST 11/19/17 07:44:03 PM
#3470   Backlash yes, criminality no. If anything were to Papoon 11/19/17 04:35:59 PM
#3469   Bingo.thats why they cant announce the names of The Rainmaker 11/19/17 04:11:14 PM
#3468   Great post Papoon. I've been wondering the sirius22 11/19/17 03:55:10 PM
#3467   Very nice info The Rainmaker 11/18/17 11:46:48 AM
#3466   Interesting take... Papoon 11/18/17 09:00:13 AM
#3465   Yep on the same page. I do zagdad 11/17/17 11:24:28 PM
#3464   I totally agree. It seems as though CLWD Papoon 11/17/17 10:47:43 PM
#3463   Papoon, a nice find and read...all should read zagdad 11/17/17 10:06:03 PM
#3462   Nice write up on the new CloudCommerce acquisition: Papoon 11/17/17 08:50:26 PM
#3461   My thoughts exactly ! - Patient accumulation is LAQUEST 11/17/17 08:01:53 PM
#3460   bidding. trying to close ridiculous spread dshade 11/17/17 12:34:59 PM
#3459   Great news today. There is our surprise, wish Papoon 11/17/17 11:12:13 AM
#3458   San Antonio is where Brad is from...must be The Rainmaker 11/17/17 08:22:00 AM
#3457   nice move dshade 11/17/17 07:54:42 AM
#3456   Very nice acquisition quite an impressive list of MIKE2OO5 11/17/17 06:16:44 AM
#3455   http://www.otcmarkets.com/stock/CLWD/news/CloudCommerce-Acquires-WebTegrity?id=1 davidsson10 11/17/17 05:11:35 AM
#3454   GM "CLWD LAQUEST 11/17/17 03:18:33 AM
#3453   This Co. has so much potential, hard to LAQUEST 11/16/17 02:38:48 PM
#3452   I cant believe we are paying Jillean Giles The Rainmaker 11/15/17 12:09:40 PM
#3451   Hopefully they will have a news release tomorrow Papoon 11/15/17 12:49:23 AM
#3450   I assume the sales numbers only include two Papoon 11/15/17 12:47:12 AM
#3449   Interesting 10q....On the plus side it looks like The Rainmaker 11/14/17 07:54:44 PM
#3448   Thanks "BYU" - Really appreciate you posting this! LAQUEST 11/14/17 07:19:04 PM
#3447   Quarterly Report Bob's Your Uncle 11/14/17 07:03:28 PM
#3446   Good to hear BYU - Would you mind LAQUEST 11/14/17 05:38:46 PM
#3445   Quarterly report is out. Bob's Your Uncle 11/14/17 05:10:17 PM
#3444   Well, Friday after the close sounds a bit LAQUEST 11/14/17 01:50:07 PM
#3443   To remain current yes and I believe they Papoon 11/14/17 12:27:49 PM
#3442   As a OTCQB Co., aren't they required to LAQUEST 11/14/17 11:41:42 AM
#3441   10Q is due out this week... Papoon 11/14/17 10:15:18 AM
#3440   Hey "P" - This is good DD, thanks LAQUEST 11/10/17 02:28:56 PM
#3439   CloudCommerce has been active on Twitter as well... Papoon 11/10/17 12:07:10 PM
#3438   I've tried that avenue before, and, as I've Papoon 11/10/17 12:03:13 PM
#3437   Some new clients for Indaba... Papoon 11/10/17 11:57:59 AM
#3436   You spoke to the CEO and then wouldnt The Rainmaker 11/10/17 11:57:37 AM
#3435   Yep, always things going on behind the scenes. pepeoil 11/10/17 03:32:33 AM
#3434   I'm sure there are a lot of thing LAQUEST 11/10/17 12:16:44 AM
#3433   I'm hoping you are on track...just too bad zagdad 11/09/17 11:55:20 PM
#3432   Your point is well taken "z" but keep LAQUEST 11/09/17 11:49:21 PM
#3431   It's getting fuzzy as to what the merger/acq zagdad 11/09/17 08:55:58 PM
#3430   FYI - This is the information listed for LAQUEST 11/09/17 03:53:31 PM
#3428   So did he give you insider information ? pepeoil 11/09/17 07:24:33 AM
#3427   thanks The Rainmaker 11/08/17 02:08:32 PM
#3426   Can't go into details right now -but - LAQUEST 11/08/17 02:06:51 PM
#3425   What did he say The Rainmaker 11/08/17 01:23:59 PM
#3424   Yes - He returned my call on Monday. LAQUEST 11/08/17 01:22:23 PM
#3423   You spoke to Andrew? The Rainmaker 11/08/17 01:04:10 PM
#3422   Big gap in the spread. We should have LAQUEST 11/08/17 12:27:44 PM
#3421   Are we done with cheapies? ASK is back Gan 11/08/17 11:50:04 AM
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