AIAdvertising Inc (AIAD)

[The Rainmaker]

Growing sales eliminating debt....CloudCommerce Reports Record Quarterly RevenueNov 17, 2016

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CloudCommerce Reports Record Quarterly Revenue

Company also reduces derivative liabilities by 100% over the same period in 2015

SANTA BARBARA, CA--(Marketwired - November 17, 2016) -CloudCommerce, Inc. (OTCQB: CLWD), a global provider of advanced e-commerce services to leading brands, today announced the filing of its recent quarterly report showing substantially improved financials over the previous year.

The recent quarterly report records the highest quarterly revenue yet since the acquisition of the Indaba Group. Total revenue for the fiscal quarter ended September 30, 2016 was $1,092,674, compared to $113,559 for the same quarter in the previous year, ended September 30, 2015.

Additionally, derivative liabilities for the fiscal quarter ended September 30, 2016 decreased by 100% to $0, compared to $6,311,091 for the same quarter in the previous year, ended September 30, 2015. This reduction was caused by the previously announced exchange of $1.85 million of convertible promissory notes held by investors for Series B preferred stock.

"We are pleased to announce this recent quarterly report," said CloudCommerce CEO Andrew Van Noy. "Our improved operating performance is largely due to the contribution of our Denver based Indaba Group. Meanwhile, at the corporate level, we continue to focus on the acquisition other rapidly growing e-commerce service providers."