Cloud Centric, Inc.(fka CLDR)

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Retiring more shares, as promised? Cloud Centric Systems, Inc. Confirms the Return of 550m Common Shares to the Treasury

The Authorized Share Capital Figure is Set to be Reduced to 3bn by the End of January

LONDON, Jan. 10, 2011 (GLOBE NEWSWIRE) -- Cloud Centric Systems, Inc. (Pink Sheets: CLDR) announces today that the program to increase shareholder value continues on track with the Officers confirming that half of the 1.1bn has now been retired to the treasury, leaving only 550m shares yet to be approved for return.

"The paperwork involved in any share transaction which includes officers' shares is never simple, and we can announce today that 550,000,000 shares have completed the process and have been retired to the treasury," stated David Lovatt, CEO of Cloud Centric Systems, Inc. "We have a short while to go before all the officers' share certificates clear the process and I expect all 1.1bn to have cleared the process by the end of the month," continued Lovatt.

Clodoes ud Centric Systems, Inc. recently announced that the date to reduce the Authorized Share Capital to 3bn would be Monday 31st January 2011. This is a reduction of 40% on the previous Authorized figure, of 5bn. The company received a massive boost in December by signing a $1m Term Sheet for finance which will be used to grow the VizualMobile subsidiary, making it an incredibly attractive business for en users and investors alike.

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, Cloud Centric Systems (UK) ltd and VizualMobile Ltd.

For more information, please visit www.cloudcentricsystems.com


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