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InterCloud Systems Inc. (ICLD)

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March 01, 2018 
Closing on the sale of ADEX CorporationContinues to Restructure and Reduce Balance Sheet Liabilities 

NEW YORK, March 01, 2018 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTC:ICLDD), a leading provider of cloud networking orchestration and automation solutions and services, today announced the Closing on the sale of ADEX Corporation. Under the terms of this asset sale, InterCloud will received $5Million in a combination of cash and seller’s note. 

IPC-NY division was sold off to Edge Communications of Plano, TX.
IPC-NY is the holder of the below "KEY VENDOR PARTNERSHIPS & EXPERTISE"

Purchase Agreement (BIG MONEY paid for IPC-NY assett!!!!!)

In November 2017 the Company determined it was in its best interest to discontinue certain aspects of the IPC business. On November 6, 2017, the Company began that process to discontinue the business and entered into an agreement with Edge Communications Solutions LLC ( “Edge”) pursuant to which the Company assigned certain of the assets and liabilities related to its IPC subsidiary. Assets assigned to Edge consisted of certain accounts receivable totaling approximately $434, prepaid labor and prepaid expenses totaling approximately $53, and net fixed assets totaling approximately $66. Liabilities assigned to Edge consisted of progress billings and deferred revenue totaling approximately $236 and accounts payable totaling approximately $278. Edge also assumed certain open maintenance contracts. As consideration for the agreement, the Company received a working capital adjustment of $500 in cash on November 6, 2017. IPC has maintained all of its reseller agreements.


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" Continued Outlook for 2017  

InterCloud continues to maintain profitable relationships with some of the world’s largest businesses including, AT&T, Verizon and Ericsson, to name a few. Recently we announced the launch of two new products: “X-Barrier”, part of InterCloud’s suite of network management and automation products for Next-Gen Software Defined Networks (SDN) and traditional network environments. These products target the network security vulnerability of the Healthcare enterprises. “NFVgrid SD-WAN” provides automated cloud-based provisioning and management of Customer Premises Equipment (CPE) and Virtual CPE (vCPE), through personnel-less data center locations.

♦ These new products are on the cutting edge of SDN technology. ♦ 

As we move forward in 2017, we will attempt to bring these new products to market with strong profit margins associated with them. There is tremendous value in InterCloud that is currently unrealized. We anticipate our stronger balance sheet, continued product expansion and strong partnerships will produce improved shareholder value. " 

ICLD management, by determining what is in the best interest for the Company and it's Shareholders, has streamlined it's business model and eliminated much of their debt with more negotiations underway to eliminate the remaining amount. As the old saying goes, the proof is in the pudding. Major inroads have been made during 2017 and the most recent numbers show just that. The company has stated that the underlying fundamentals remain strong and that it expects it's balance sheet to continue improving heading into 2018 and beyond as debt is reduced and contracts continue to be secured.

The CFO at Tekmark is on the ICLD board

On credit hold with following distributors-

 Most recent ICLD company update. OLDER financial information OBSOLETE.

InterCloud Systems Eliminates over $15 Million of Subordinated Convertible Debt and Accrued Interest 

in Debt to Equity Exchange. 

OTC Disclosure & News Service 
SHREWSBURY, N.J., Nov. 17, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (OTC:ICLD) (“InterCloud” or "Company") announced today that it entered into an Exchange Agreement (the "Agreement") with the holders of certain term notes issued by the Company, exchanging the debt for preferred equity.  

Pursuant to the Agreement with these subordinated convertible note holders, the Company exchanged over $10.4 million of Convertible Debt and eliminated over $4.7 million of accrued interest in exchange for approximately $15.1 million of Preferred Equity. The Preferred Equity may be exchanged for Common Stock over a five (5) year period. The Company is also negotiating with other convertible noteholders to exchange their debt into preferred equity.  

The effect of the Agreement is to eliminate all debt service and interest accrual on the debt and create $15.1 Million of new Shareholder Equity in the process. The Exchange immediately increased the Company’s common book value per share. Full details of the impact on the Company’s financials will be discussed in the Company’s regularly scheduled quarterly earnings release.  

InterCloud Systems CEO, Mark Munro stated, “This is our first step in creating new shareholder equity as we push forward with our plans to eliminate costly subordinated debt and interest accruals. Our goal is to continue to restructure all debt and create an entity with no debt. We can then focus on rebuilding shareholder value through revenue growth and profitability. This was a major step in the right direction.” 
Based on the PRs linked below and most recent 10q, the remaning debt is ONLY about $15M.

The company is working diligently to reduce the remanining convertible debt.

These PRs indicate the remaining debt has been reduced substantially during Q4. 
⇒Additional recent updates. 
InterCloud Systems Reports Third Quarter 2017 Results
InterCloud Eliminates over $7.2 Million of Subordinate Convertible Debt and accrued interest in Debt to Equity Exchange
InterCloud Systems Awarded Over $1.2 Million in New Contracts and Purchase Order

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Image result for intercloud systems
ICLD Intercloud Systems Investment Presentation  
Call the TA for accurate current O/S as it changes frequently.
Company is under $32 million debt  , and  $31 million net loss ( and counting ) ,  recently did 1/4 Reverse Split and after that increased  A/S to 1 BILLION!!! shrs  ,  horrible financial conditions and balance sheet , heavy convertible debt dumping has been in progress  ,  BUYER BEWARE
$60million in liabilities,  1 Billion A/S is about to get maxed out already and won't be enough. So, they need to do another Reverse Split or increase the A/S to 2-5 BILLION 
Company lost  -$12 mil.  just this 2nd Qtr.  alone! and -$5.5mil. in 3rd Qtr. and -$31million since January ( losing average $3.5 mil. every month ) , these are net-loses

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Jul 12, 2017

The company has done a tremendous amount of hard work in the last 12 to 15 months with a massive restructuring and realignment effort.

They have drastically reduced their debt, operating expenses, salary and wage expenses, SG & A expenses, sold off non-core assets that were not highly profitable. The level of debt now is the lowest since 2013 according to the company and the restructuring and realignment effort has been a huge success with the massive deleveraging of the balance sheet. 

The company has communicated that they intend on renegotiating terms on the convertibles due in October long before the maturity date and they intend on eliminating toxic debt via renegotiation of terms and raising money through conventional traditional loans.

The company has gone through this massive effort because they're committed according to the CEO to becoming cash flow positive and profitable and eventually getting listed back onto the NASDAQ. 

The company has stated that while the share price has declined recently because of selling pressure from existing aggressive note holders, that the fundamental underlying business has not been impacted and contracts continue to come in. Historically the second two quarters have always out performed the first two quarters of the calendar year in this business.

Most recent Q2 earnings report ending June 30th


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InterCloud Systems Inc.
Building 1, Suite 104
Red Bank, NJ.
Phone: 561-988-1988


Company Officers:
Mark Munro CEO
Lawrence Sands Senior VP



Shares Outstanding:

March 27th 2017: 488,849,090 




Authorized Shares:

500 mil

Latest Report
CIK 0001128725
Fiscal Year End 12/31

Business Description

We are a global single-source provider of value-added services for both corporate enterprises and service providers. We offer cloud and managed services, professional consulting services and voice, data and optical solutions to assist our customers in meeting their changing technology demands. Our cloud solutions offer enterprise and service-provider customers the opportunity to adopt an operational expense model by outsourcing to us rather than the capital expense model that has dominated in recent decades in information technology (IT) infrastructure management. Our professional services groups offer a broad range of solutions, including application development teams, analytics, project management, program management, telecom network management and field services. Our engineering, design, installation and maintenance services support the build-out and operation of some of the most advanced enterprise, fiber optic, Ethernet and wireless networks.





InterCloud Systems, Inc. is a publicly traded holding company (OTCQB: ICLD). The InterCloud Group of companies are providers of specialty services for the construction and maintenance of facilities-based communications systems in the United States. These services include engineering construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities including telecommunications providers, and other construction and maintenance to electric and gas utilities and others. We also provide turn-key telecommunications infrastructure solutions. Our “one-stop” capabilities include project development, procurement, design, engineering, construction management, and on-going maintenance and operation services for telecommunications networks and cable providers.

The InterCloud Group of companies continue to provide their services and expertise in the infrastructure service market on a national basis. Communication and its infrastructure is continuously evolving and InterCloud is keeping pace with that evolution. Our engineering, design, construction, and maintenance services support the nation’s most advanced fiber optic, copper, wireless, and satellite networks.

Our operations experience has given us a deep and comprehensive understanding of the markets we serve, as well as the ability to effectively manage people, projects and equipment. It allows us to proactively identify challenges, avoid pitfalls, and overcome obstacles, and to accurately set and meet expectations for our clients’ schedule and budget.

Our continuously growing team of expert subsidiary companies complements who we are and empowers us to do all we do.

Current Customers:
ICLD has established relationships with many leading wireless and wireline telecommunications providers, cable broadband MSOs, OEMs and others, and over 30 master service agreements with service providers and OEMs. Their current customers include Ericsson Inc., Verizon Communications Inc., Alcatel-Lucent USA Inc., Century Link, Inc., AT&T Inc. and Hotwire Communications. These relationships position ICLD to take advantage of United States and international market opportunities.

Press Releases:

Investors presentation:


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ICLD News: Withdrawal of Registration Statement (rw) 05/31/2018 05:01:49 PM
ICLD News: Quarterly Report (10-q) 05/21/2018 05:31:11 PM
ICLD News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/15/2018 04:03:34 PM
ICLD News: Annual Report (10-k) 04/17/2018 05:02:15 PM
ICLD News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 04/02/2018 04:58:35 PM
PlusOneCoin Top Posts
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#53439  Sticky Note InterCloud Reports Profitable First QuarterPress Release / 05/22/2018 GREGG THE GREEK 05/22/18 10:34:23 AM
#53417  Sticky Note Shrewsbury, NJ, May 22, 2018 (GLOBE NEWSWIRE) -- Beano1969 05/22/18 08:15:24 AM
#52519  Sticky Note InterCloud Completes the Sale of ADEX Subsidiary Pellinator 03/01/18 09:54:23 AM
#53726   It seems like it. I guess they keep Mohammad111 06/18/18 12:09:45 PM
#53725   No end in sight..... Pellinator 06/18/18 10:41:40 AM
#53724   We will be going sub penny at this rate. Schwifty 06/14/18 03:25:09 PM
#53723   Getting interesting again. :-) GREGG THE GREEK 06/14/18 09:57:48 AM
#53722   Indeed. GREGG THE GREEK 06/14/18 09:57:16 AM
#53721   Slow and steady here Benwahsauce 06/14/18 08:56:40 AM
#53720   Watching the bands here, maybe .08's are new base.... Pellinator 06/14/18 08:53:37 AM
#53719   Hey hey hey. GREGG THE GREEK 06/13/18 11:40:51 AM
#53718   It’s a buy Benwahsauce 06/13/18 11:32:45 AM
#53717   With no news, no updates, I don't know. Mohammad111 06/13/18 10:09:34 AM
#53716   Great things are on the way. Remember, one Chaos Hedge 06/12/18 10:24:52 PM
#53714   It’s coming. breynolds 06/11/18 08:20:42 AM
#53713   I want this to fly but the REAL Chaos Hedge 06/11/18 02:08:01 AM
#53712   Profitability is key!! Wait for Q2 for the breynolds 06/09/18 09:54:16 AM
#53711   and sp right back .06 within days..AGAIN....nice!! EPIC NGIN 06/08/18 03:49:49 PM
#53710   It looks like the company is slowly turning HighPeaks 06/08/18 11:30:50 AM
#53709   Following ICLD. Charlize Dakota 06/08/18 10:20:54 AM
#53708   We will see if this price is going Pellinator 06/07/18 06:13:08 PM
#53707   Just wondering, what's special about next week?? chance4 06/07/18 05:53:49 PM
#53706   I own 150 @ 18.95. I am thinking emalayev 06/07/18 03:02:21 PM
#53705   Next week will be our telling factor... Jmo Pellinator 06/07/18 11:06:44 AM
#53704   Looks like it. Still too early to mr_freemoney 06/07/18 10:43:10 AM
#53703   Wait are we actually forming some sort of Pellinator 06/07/18 10:29:16 AM
#53702   Profitable first quarter! Net profit! mr_freemoney 06/07/18 10:23:34 AM
#53701   If the TA is not gagged then you Xylan 06/07/18 08:25:16 AM
#53700   where do we see the diluted shares increasing? RAlbert 06/07/18 08:13:14 AM
#53699   Yes it is, dilution still happening almost daily here... Xylan 06/07/18 07:44:14 AM
#53698   Yeah but 150k after close so havent been repoman 06/06/18 11:29:42 PM
#53696   Large buy at/near close! chance4 06/06/18 08:28:57 PM
#53695   Been burned on a few myself. chance4 06/06/18 07:26:02 PM
#53694   Honestly was being very sarcastic.... I've been burned here Pellinator 06/06/18 07:23:57 PM
#53693   Why do you feel we will see .01?? chance4 06/06/18 07:09:53 PM
#53692   Mods please initial your additions in header. Schwifty 06/06/18 04:16:59 PM
#53691   All non-AWOL Mods agree to redo header. Schwifty 06/06/18 04:15:25 PM
#53690   He hasn't graced anyone, anywhere, with his vast GREGG THE GREEK 06/05/18 09:17:03 PM
#53689   munimi - All other mods want to redo Schwifty 06/05/18 03:35:07 PM
#53688   Isn’t today the bi-weekly “run” where the mms Xylan 06/05/18 12:32:41 PM
#53687   Hey, don't sit there whining about the past, kenny54 06/05/18 12:20:20 PM
#53686   Very, yes momentum is building today , very kenny54 06/05/18 10:29:17 AM
#53685   Based on???? Magic 8 ball?? Xylan 06/05/18 08:57:48 AM
#53684   Breakout today!! breynolds 06/05/18 08:47:24 AM
#53683   I'm not opposed to that. why_meil 06/05/18 01:20:59 AM
#53682   Im still waiting with my bid at .01...... Pellinator 06/04/18 01:31:44 PM
#53681   Correct ICLD only goes down till dilution ends...Am Schwifty 06/04/18 12:17:53 PM
#53680   Wow, wasn’t expecting this big of a price Xylan 06/04/18 12:13:04 PM
#53679   May be not enough left of them "suckers"... JJ8 06/02/18 11:47:06 PM
#53678   I wonder how much they pushed through on Pellinator 06/01/18 02:44:19 PM
#53677   They probably have already started as I have Xylan 06/01/18 01:44:34 PM
#53676   Was being lazy.... Pellinator 06/01/18 12:22:05 PM
#53675   I don't know what's going on. With the Mohammad111 06/01/18 12:14:29 PM