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InterCloud Systems Inc. (ICLDD)

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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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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.

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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:


Current Price
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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
ICLD News: Amended Statement of Ownership (sc 13g/a) 01/25/2018 05:16:36 PM
ICLD News: Current Report Filing (8-k) 01/09/2018 06:05:13 AM
ICLD News: Current Report Filing (8-k) 12/21/2017 05:10:28 PM
PlusOneCoin Top Posts
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#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
#52868   I think your right ! Phew !!! KeepItRealistic 03/18/18 02:31:29 PM
#52867   I initially read this the same way...and thought GREGG THE GREEK 03/18/18 01:11:45 PM
#52866   Make me number two.......... Mo Pellinator 03/18/18 11:24:39 AM
#52865   I don't consider 2 years as "immediate". why_meil 03/18/18 02:34:10 AM
#52864   “The immediate revenue pipeline of opportunities is in KeepItRealistic 03/17/18 04:50:45 PM
#52863   What a PR, nothing good coming and with Freddi 03/17/18 12:15:51 PM
#52862   Fire his incompetent a$$ KeepItRealistic 03/17/18 12:05:27 AM
#52861   This business relies heavily on shareholders Its a KeepItRealistic 03/16/18 09:33:39 PM
#52860   This CEO is a duchbag He does not KeepItRealistic 03/16/18 09:30:26 PM
#52858   That's exactly what it seems like. Mohammad111 03/16/18 04:46:57 PM
#52857   I really hope this week was the last Mohammad111 03/16/18 04:45:24 PM
#52856   If people stop buying, this charade will end...appropriately. Gomeyhomie 03/16/18 04:13:35 PM
#52855   There can’t be any believers left... Looks like a Xylan 03/16/18 02:24:01 PM
#52854   Way lower than than that! In the trips NGIN 03/16/18 02:23:31 PM
#52853   I thought ICLD is at $0.013 or $0.0013 thiefscamfraud 03/16/18 02:19:56 PM
#52852   This is just the beginning. this needs months Freddi 03/16/18 01:29:42 PM
#52851   Just waiting until after they further dilute..... Pellinator 03/16/18 12:05:39 PM
#52850   Who is buying this? Seriously, who? Gomeyhomie 03/16/18 11:41:50 AM
#52849   ICLD = Shareholder Dilution Machine Inorout 03/16/18 11:40:26 AM
#52848   I bet she clears $3.00 The notes they currently Benwahsauce 03/16/18 11:01:25 AM
#52847   DISGUSTING PR TO SAY THE LEAST......... Pellinator 03/16/18 10:58:59 AM
#52846   Yeah beyond pathetic of this company and ceo...whens NGIN 03/16/18 10:57:28 AM
#52845   "  In order to be able to focus on maz1978 03/16/18 10:44:31 AM
#52844   Debt reduction has been going on for quite Sturgill 03/16/18 10:21:06 AM
#52843   How embarrassing of a PR to openly admit Jackomo 03/16/18 10:12:42 AM
#52842   I'm quite skeptical. The fact a press Frigger 03/16/18 09:55:40 AM
#52841   Things are looking good for ICLD. They have Sturgill 03/16/18 09:43:32 AM
#52840   This Munro character needs a pay cut down Vet-trader 03/16/18 09:36:40 AM
#52839   Those are some expensive professional fees! roytoy6969 03/16/18 08:57:51 AM
#52838 Beano1969 03/16/18 08:53:14 AM
#52836   ICLD = Shareholder Dilution Scam Inorout 03/15/18 11:01:46 PM
#52834   Yep, it's certainly been like trying to catch why_meil 03/15/18 02:44:30 PM
#52833   I'm hoping for tonight after the market closes why_meil 03/15/18 02:39:48 PM
#52832   We are in the same boat 450 from ThomasARG 03/15/18 02:02:47 PM
#52831   Oh wait maybe I forgot to average down GOING FOR BIG MONEY 03/15/18 01:38:49 PM
#52830   This stock is the greatest stock on the GOING FOR BIG MONEY 03/15/18 01:35:29 PM
#52829   Thank you. Mohammad111 03/15/18 01:29:04 PM
#52828   It should have been this week or next.... Pellinator 03/15/18 11:18:45 AM
#52827   No news today either. Does any one know Mohammad111 03/15/18 10:16:00 AM
#52826   Maybe .10 today... Pellinator 03/15/18 09:42:19 AM
#52825   Yes your very late and that stuff your Pellinator 03/15/18 07:42:24 AM
#52824   no way to much bs tommer 03/14/18 11:07:54 PM
#52823   So new shares regst.5mill.not some here said? Art67 03/14/18 06:27:31 PM
#52822   I'm hoping he will tell us tomorrow when why_meil 03/14/18 03:34:18 PM
#52821   I'm with you! Good post! You why_meil 03/14/18 03:24:41 PM
#52818   Is earnings this week? Schwifty 03/14/18 02:37:32 PM
#52817   You are Definitely correct! This company hasn't been NGIN 03/14/18 02:09:02 PM
#52816   Don't doubt it. But someone has to Gomeyhomie 03/14/18 01:54:32 PM
#52815   When SP is .0001 then 990M shares goes fast. Schwifty 03/14/18 01:54:32 PM
#52814   After the last reverse split they ran the Xylan 03/14/18 01:45:09 PM