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Sunday, September 10, 2017 8:34:25 PM
SANTA BARBARA, CA--(Marketwired - September 30, 2016) - CloudCommerce, Inc. (OTCQB: CLWD), a global provider of advanced e-commerce services to leading brands, today announced the filing of its first annual report after the recent acquisition of Indaba Group ("Indaba"), with consolidated revenue showing substantial improvement over the previous year.
Total revenue for the fiscal year ended June 30, 2016 increased by $1,481,398 to $2,079,743 compared to $598,345 for the fiscal year ended June 30, 2015.
"The acquisition of Indaba has proven to be a very beneficial transaction for us," said CloudCommerce CEO Andrew Van Noy. "This annual report demonstrates the substantial impact Indaba has made on our year-over-year consolidated revenues. The Indaba team deserves credit for all their hard work. Moving forward, we will continue to pursue additional acquisitions to join our family of e-commerce companies and add shareholder value
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