CLOW PR
Cloudweb Updates Shareholders on Effects of Brexit on Its Business
WARWICKSHIRE, UNITED KINGDOM -- (Marketwired) -- 10/17/16 -- Cloudweb, Inc. (OTC PINK: CLOW) released today an update regarding its operations. Cloudweb's operations are located in the United Kingdom and its wholly owned subsidiary, Web Hosting Solutions Ltd, caters primarily to the UK web and cloud hosting market with over 90% of its business in the country.
The UK just announced plans to leave the European Union by mid 2019 and while this may negatively affect some businesses in the country, Cloudweb expects to benefit from an increase of customers as clients may decide to proactively shift their hosting services from other EU nations back to the UK to claim potential advantages and benefits.
"Brexit is not expected to have any adverse effects on our business nor clientele, which should ease our shareholders' minds," states James Holland, CTO of Web Hosting Solutions. "On the contrary, we are optimistic that the resultant shake up may well open up opportunities for Cloudweb to procure additional customers in the UK."
Cloudweb will continue to focus on the UK market and will release further updates with regards to its expansion plans for 2017 in due course
About Cloudweb, Inc.
Cloudweb, Inc is a technology provider to small businesses, Web design professionals and individuals, delivering cloud-based products and outcome-driven, personalized Customer Care. The Company operates a domain marketplace, where its customers can find that piece of digital real estate that matches their idea. The Company provides Website building, hosting and security tools to help customers construct and protect their online presence and tackle the changing technology landscape. It also provides applications that help them connect to its customers, manage and grow their businesses and get found online. It has designed and developed a set of cloud-based technology products that enable its customers to establish a digital presence, connect with their customers and manage their business operations. The Company's products include domain, hosting and presence, and business applications.
