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Verecloud Announces DTC Eligibility and Begins Trading

Sep. 24, 2010 (Business Wire) -- Verecloud (OTCBB:VCLD), which is helping communications service providers (CSPs) capture market share in the emerging cloud computing services business, announced today that the Depository Trust Company (DTC) has granted the company eligibility status and Verecloud is now tradable on the Over-the-Counter market.

The DTC provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically.

"We are pleased that our common stock is now DTC eligible," said Jim Buckley, Verecloud’s chief financial officer. “Becoming DTC eligible is a crucial step in increasing our exposure and simplifying how shares can be traded or exchanged through brokers of our investors' choice.”

Verecloud became a public reporting company on August 31, 2009, through a share exchange agreement and its public filings are available on the investor relations section of the company’s Web site at http://www.verecloud.com/verecloud-investor-relations.html.

About DTC

Depository Trust Company (DTC) is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the Securities and Exchange Commission. The depository brings efficiency to the securities industry by retaining custody of some two million securities issues, effectively "dematerializing" most of them so that they exist only as electronic files rather than as countless pieces of paper. The depository also provides the services necessary for the maintenance of the securities it has in custody.

About Verecloud

Based in Englewood, Colorado, Verecloud enables communications service providers (CSPs) to capture market share in the expanding and lucrative cloud computing market. Verecloud’s cloud brokerage platform, the Nimbus Exchange, addresses the CSPs’ need to integrate their cloud cervices business with existing back-office systems ewhichenable CSPs to drive new revenue opportunities. By collaborating with Verecloud, CSPs are positioned to capture a significant percentage of this exciting market by leveraging their trusted intermediary status as a cloud services broker. Learn more about Verecloud at: http://www.verecloud.com.

Forward-Looking Statement

This release may contain projections and other forward-looking statements that involve risks and uncertainties. Forward-looking statements are projections reflecting management’s judgment and assumptions based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Future performance cannot be assured. Readers are referred to the documents filed by Verecloud with the Securities and Exchange Commission (SEC), specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Recent documents filed with the SEC can be found in the Investor Relations section of our website (www.verecloud.com). Verecloud believes the forward-looking statements in this release are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. Verecloud is not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.




Verecloud

Investor Relations:

Lynn Schlemeyer, 877-711-6492

Vice President of Investor Relations

[e-mail]

or

Media Inquiries:

Visitech PR

Michael Hopkins, [phone] ext. 230

[e-mail]







Source: Business Wire (September 24, 2010 - 7:00 AM EDT)

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