InvestorsHub Logo
Followers 14
Posts 1813
Boards Moderated 0
Alias Born 02/24/2007

Re: camarotyphoon post# 17250

Thursday, 07/22/2010 11:13:13 AM

Thursday, July 22, 2010 11:13:13 AM

Post# of 20469

Cloud Centric Systems, Inc. Completes Sale of Its Wholly Owned Subsidiary Enable Software Limited
Cloud Centric Systems, Inc. Sells Enable Software Limited to Mobile Media Unlimited Holdings, Inc. (PK: MMUH)
marketwire

*
Share
*
retweet
* Email
* Print

*
Companies:
o CLOUD CENTRIC SYS
o Mobile Media Unlimited Holdings, Inc.

Related Quotes
Symbol Price Change
CLDR.PK 0.0009 +0.0002
Chart for CLOUD CENTRIC SYS
{"s" : "cldr.pk,mmuh.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: Cloud Centric Systems, Inc. On Thursday July 22, 2010, 11:00 am

LONDON--(Marketwire - 07/22/10) - Cloud Centric Systems, Inc. (Pinksheets:CLDR - News) is pleased to announce that the Company has sold its wholly owned Subsidiary, Enable Software Ltd., a dynamic European Technology Company based out of Ireland. The move allows Cloud Centric Systems, Inc. to concentrate on its mission of acquiring fast growing technology companies who have an existing footprint of Cloud Based Customers.

Cloud Centric Systems will retain the right to distribute the Enable Software Email Management Solution through its subsidiary, VClouds Limited, and the strategic partnership between the two companies remains as solid as ever. CEO of Cloud Centric Systems Inc, David Lovatt, states, "The sale of Enable will allow the management team of Cloud Centric Systems to focus on our core objective of growing the business through the acquisition of a combination of established players in this space as well as investing in technologies new to the market."

The Chief Technical Officer of Cloud Centric Systems Inc., Daniel Jenkins, will step down from the board of Cloud Centric Systems, Inc. and will move with Enable to Mobile Media Holdings (Pinksheets:MMUH - News) and join their board as a Senior Vice President for Technology. Commenting on the move, Mr. Jenkins said, "This is an opportunity to heavily invest in the Enable technology and look for long term growth for the business through the creation of Cloud Based Services for the Service Provider Community."

To strengthen the Management Team at Cloud Centric Systems, the Company has recruited new Industry Leading Directors who will shortly be joining the board. They will be striving to ensure that Cloud Centric Systems meets its corporate objectives over the coming 18 months. To that end, the Company will increase the Authorized Share Capital and focus on liquidity over the coming months which will be a key element in the Capital Raise in order to complete two acquisitions which are already agreed in principle.

Further information will be released on these appointments and acquisitions and as the required paperwork is completed and filed with the State of Florida and with www.OTCMarkets.com.

About Cloud Centric Systems:

Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. Cloud Centric Systems plans to grow via strategic acquisition over the coming 12 months as well as strong sales through its subsidiaries.

The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
THOMAS JEFFERSON

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.