InterCloud Systems Inc. (ICLD)

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AUGUST 29, 2017
SHREWSBURY, N.J., Aug. 29, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc., a leading provider of network solutions and services, today announced that it was recently awarded a fiber build contract in California with a tier 1 service provider. Management believes that this contract may result in revenues of $5 million or more over the life of the contract. The work is expected to begin shortly.

Mark Munro, CEO of InterCloud Systems stated, “As we continue to develop a recurring revenue stream from our newly released products, our professional services division continues to secure large scale contracts to upgrade and service the networks of tier 1 telecom service providers. Our sales organization has a solid pipeline of new business and the outlook for this fall remains very positive for additional large scale opportunities."