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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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Image result for intercloud systems

" 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-
Westcon
Catalyst
Jenne
,,,etc....

============================================================================================
 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.

https://ir.intercloudsys.com/press-releases/detail/910/intercloud-systems-eliminates-over-15-million-of  
https://ir.intercloudsys.com/press-releases/detail/908/intercloud-eliminates-over-7-2-million-of-subordinate 
 
⇒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

Image result for intercloud systems


Image result for intercloud systems
ICLD Intercloud Systems Investment Presentation
https://www.youtube.com/watch?v=FMhFLlvIRpo  
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

https://ih.advfn.com/p.php?pid=nmona&article=75447424
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133369755
http://ir.intercloudsys.com/all-sec-filings/content/0001213900-17-005061/f10q0317_intercloudsystem.htm
https://ih.advfn.com/p.php?pid=nmona&article=76094327

Valuation Measures

Market Cap

 2.4M

Financial Highlights

Fiscal Year

Most Recent Quarter

 

Profitability

Profit Margin

-58.97%

Operating Margin

-21.61%

Management Effectiveness

Return on Assets (ttm)

-13.29%

Income Statement

Balance Sheet

Total Cash

827k

 

 

Total Debt

37 M

 

 

 

 

Book Value Per Share

-0.30

Cash Flow Statement

Operating Cash Flow

-1.9M

Levered Free Cash Flow

-2.89M

Trading Information

Stock Price History

52-Week Change

-98.56%

52 Week High

 0.3960

52 Week Low

 0.0030

50-Day Moving Average

 0.0066

200-Day Moving Average

 0.0418

Share Statistics

Avg Vol (3 month)

18.24M

Avg Vol (10 day)

41.90M

Shares Outstanding

726M

Authorized Shares

1BIL

Dividends & Splits

Last Reverse Split

1/4

Last Reverse Split Date

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

 

For the three months ended

 

 

June 30,

 

 

2017

 

 

 

2016

 

Revenues

$

8,121

 

 

 

$

22,594

 

Gross Profit

1,628

 

 

 

5,219

 

Operating Expenses

5,533

 

 

 

9,537

 

Loss from Operations

 

(3,905

)

 

 

 

(4,318

)

Other expense, net

 

(8,292

)

 

 

 

(7,763

)

Net loss before income taxes

 

(12,197

)

 

 

 

(12,081

)

Provision (benefit) for income taxes

 

(119

)

 

 

56

 

Income (loss) from continuing operations

 

(12,078

)

 

 

 

(12,137

)

Loss from discontinued operations, net of taxes

--

 

 

 

 

(1,198

)

Net income (loss) attributable to non-controlling interest

121

 

 

 

 

(81

)

Net loss attributable to InterCloud Systems, Inc. common stockholders

$

(11,957

)

 

 

$

(13,416

)

Basic income (loss) per share from continuing operations, basic and diluted

$

(0.10

)

 

 

$

(0.39

)

Income per share, from discontinued operations, basic and diluted

$

--

 

 

 

$

(0.04

)

Net loss per share

$

(0.10

)

 

 

$

(0.43

)

 

InterCloud Systems Inc.
Building 1, Suite 104
Red Bank, NJ.
Email: L.Sands@intercloudsys.com
Phone: 561-988-1988

Website: http://www.intercloudsys.com

Company Officers:
Mark Munro CEO
Lawrence Sands Senior VP

 

.
 

Shares Outstanding:

March 27th 2017: 488,849,090 

 

Float:

low

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.

 

 

 

Overview

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:
http://ir.intercloudsys.com/press-releases

Investors presentation:
http://content.stockpr.com/intercloudsystems/db/184/316/pdf/InterCloud+Investor+Presentation+v23.pdf


 

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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
ICLD News: Securities Registration: Employee Benefit Plan (s-8) 03/13/2018 04:56:40 PM
ICLD News: Current Report Filing (8-k) 02/27/2018 05:40:19 PM
ICLD News: Current Report Filing (8-k) 02/12/2018 05:09:55 PM
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PostSubject
#52519  Sticky Note InterCloud Completes the Sale of ADEX Subsidiary Pellinator 03/01/18 09:54:23 AM
#50654  Sticky Note Lest us not forget about the Grant Thornton damages: DaveFoo 01/25/18 11:07:53 AM
#40115  Sticky Note BANKRUPTCY is not off the table munimi 08/14/17 04:57:18 PM
#53234   LOD was $.082 CJAKE1 04/19/18 12:04:20 AM
#53233   I’m not really sure what is so hilarious. 1flaguy 04/18/18 10:17:29 PM
#53232   Not as hilarious as that 10k or as Xylan 04/18/18 06:27:37 PM
#53231   Some investors are just so mislead... Pellinator 04/18/18 06:00:33 PM
#53230   Some things you just can't make up LOL GREGG THE GREEK 04/18/18 05:59:36 PM
#53229   Yea I got a kick out of that Pellinator 04/18/18 05:57:28 PM
#53228   I'm sorry, but this is hilarious. GREGG THE GREEK 04/18/18 05:52:46 PM
#53227   I just don’t understand why anybody would ever 1flaguy 04/18/18 03:38:40 PM
#53226   ICLD = DRYS of tech... NGIN 04/18/18 02:49:06 PM
#53224   I agree. I wasn't anticipating much but why_meil 04/18/18 02:39:40 PM
#53223   Yes sir, ICLD is not about the past kenny54 04/18/18 11:12:04 AM
#53222   Let's hope that the dilution stops and it stabilizes. Mohammad111 04/18/18 10:22:26 AM
#53221   I only see 112 share traded. What's going on.... Mohammad111 04/18/18 10:11:52 AM
#53220   I was expecting it to be bad but Mohammad111 04/18/18 10:10:59 AM
#53219   So undervalued here SH1TFORBRAINS 04/18/18 09:37:55 AM
#53218   Some thoughts regarding the 2017 annual report, many kenny54 04/17/18 07:43:41 PM
#53217   That is standard accounting language for practically all kenny54 04/17/18 07:22:50 PM
#53216   34 mil rev. for 2017 it looks like Vet-trader 04/17/18 06:41:41 PM
#53215   My fave forward looking statement- we have substantial AAron Jackwellen 04/17/18 06:18:00 PM
#53214   LUCKY!! This Closed GREEN 250 Share..BUY..at Close CJAKE1 04/17/18 05:59:32 PM
#53213   250 Share...Paint...Would have..CLOSED..Near LOD CJAKE1 04/17/18 05:58:29 PM
#53212   Yuck... "we incurred a net loss attributable to common why_meil 04/17/18 05:30:53 PM
#53211   The 10K is released. why_meil 04/17/18 05:08:39 PM
#53210   Are the earnings 15 days after extension grant Filterthenoise 04/17/18 04:46:15 PM
#53209   Here comes spectacular earnings SH1TFORBRAINS 04/17/18 03:36:13 PM
#53208   they will be long BK'd before you check AAron Jackwellen 04/17/18 02:13:00 PM
#53207   I am down 99.37% on this since last emalayev 04/17/18 01:10:16 PM
#53206   NOW $.12 Hit $.1075 Earlier...LOD CJAKE1 04/16/18 03:33:13 PM
#53205   Nope, not dead yet, the company still has Xylan 04/16/18 01:34:52 PM
#53204   Did this puke and die? Schwifty 04/16/18 01:07:34 PM
#53203   Yeah, not much volume either. Mohammad111 04/16/18 11:07:03 AM
#53202   Not good. Mohammad111 04/16/18 11:06:03 AM
#53201   At $.12 But...Bid $.10 CJAKE1 04/16/18 11:03:12 AM
#53200   How is this trash doing these days munimi 04/15/18 12:01:26 PM
#53199   Also...CRAZY..Dropped on 335 Share..Sell CJAKE1 04/13/18 12:32:53 PM
#53198   CRAZY!! Was $.1155 LIFTED..By 2 Share BUY CJAKE1 04/13/18 12:30:12 PM
#53197   Volume..........no where to be found... Jmo Pellinator 04/13/18 12:21:03 PM
#53196   Yup, if ICLD is able to get conventional Mohammad111 04/13/18 10:28:53 AM
#53195   Probably some time next week. I don't know Mohammad111 04/13/18 10:26:26 AM
#53194   FUNNY!! 3676 Share TRADE CJAKE1 04/13/18 09:58:39 AM
#53193   Lots of info circulating on other boards about benandemmiboo 04/13/18 09:23:41 AM
#53192   Well...Wonder What the..Earnings..Will BE??Possibly..Apr. 17Th CJAKE1 04/12/18 09:06:29 PM
#53191   Need some volume here to wake people up Sturgill 04/12/18 12:54:52 PM
#53190   Guys I'm still here......... Pellinator 04/12/18 10:50:00 AM
#53189   Alright. In that case I won't fire him.....LOL Mohammad111 04/12/18 10:44:21 AM
#53188   Lol! But if that day comes you why_meil 04/12/18 10:39:12 AM
#53187   Yeah, we have not seen him for a while. Mohammad111 04/12/18 10:17:24 AM
#53186   LOL. I can't wait till I break even and Mohammad111 04/12/18 10:16:23 AM
#53184   Scam all the way. iseeu 04/11/18 04:36:23 PM
#53183   I kind of doubt minority common shareholders can why_meil 04/11/18 04:19:12 PM
PostSubject