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2017 technology stocks to watch

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InterCloud Systems Begins New Year with over $200K in New Contracts

NEW YORK, Jan. 12, 2017 (GLOBE NEWSWIRE) — InterCloud Systems, Inc. (the “Company” or “InterCloud”) (ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today announced that it was recently awarded over $200,000 in new contracts to start the new year. A majority of the work is expected to begin immediately.

Mark Munro, CEO of InterCloud Systems stated: “We have seen higher volume in our stock as of late, as lenders exercise their rights to convert their debt into equity. The pressure on the stock from the conversions of debt into equity is not a reflection on the operations of the Company. As we have previously disclosed, the Company is working very aggressively to secure more conventional asset based financing to help reduce these conversions. We are also working on the sale of non-core assets to eliminate some of this convertible debt as well. We continue to have a positive outlook for 2017 and anticipate that a stronger balance sheet, reduced operating expenses and continued marketing of our more profitable products and services will produce improved shareholder value in the future.”

About InterCloud Systems, Inc.

InterCloud Systems, Inc. is a leading provider of cloud networking orchestration and automation, for Software Defined Networking (SDN) and Network Function Virtualization (NFV) cloud environments to the telecommunications service provider (carrier) and corporate enterprise markets through cloud solutions and professional services. InterCloud’s cloud solutions offer enterprise and service-provider customers the opportunity to adopt an operational expense model by outsourcing cloud deployment and management to InterCloud rather than the capital expense model that has dominated in recent decades in IT infrastructure management. Additional information regarding InterCloud may be found on InterCloud’s website at www.intercloudsys.com.

Forward-looking statements:

The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

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SACRAMENTO, Calif., Oct. 20, 2016 /PRNewswire/ — IDdriven, Inc. (OTCQB: IDDR), developer of the new breed of Identity and Access Management (“IAM”) solutions, today announced it has been awarded a contract for its IDdriven-branded Identity as a Solution (“IDaaS”) program from a government-owned West European utility company with about one thousand employees.

IDdriven was awarded a one-year contract, with automatic renewals, through a formal Request for Proposal (RFP) process that encompassed a months-long extensive competitive bidding process and exhaustive due diligence by the customer.

IDdriven was selected after competing head-to-head against several of the world’s largest and best known global IT and IAM industry companies. Given the importance of the customer’s services, which by its nature hold national security implications, it requires best-in-class solutions to meet its cyber-security related needs. The customer has fully implemented Phase I of the IDdriven solution for identity and access management including life cycle management, reporting, facility access and related security functions across its employees.

Commenting on the contract, Arend Verweij, IDdriven Chief Executive Officer, said, “After competing directly against a lineup of IAM and IDaaS industry ‘800-pound gorillas,’ this is a big win for IDdriven.

“With a growing pipeline of valuable new business prospects, and having announced our new US Sales Director last month, we have strong marketplace momentum and expect our sales to accelerate now and throughout 2017,” Mr. Verweij added.

While some of this contract’s revenue will be booked into IDdriven’s third quarter ended September 30, its first full quarter of production revenue will be recorded in the current, fourth quarter ending Dec. 31. With Phase I of this contract now implemented, the companies are collaborating on rolling out a Phase II which includes in-depth custom integration and subscriber expansion.

About IDdriven
With its next-generation IDaaS program of the same name, IDdriven, Inc. is at the forefront of the new breed of Identity Management and Access Governance solutions. Taking the complexity and upfront costs out of implementation, IDdriven is trusted to protect a company’s most vulnerable assets. Founded in 2013, IDdriven is headquartered in Sacramento, California. To learn more, visit: www.IDdriven.com.

Forward-Looking Statement Disclosure
This news release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond IDdriven’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our software programs, (ii) development and protection of our intellectual property, (iii) industry competition, (iv) we may need to raise capital to meet business requirements. More detailed information about IDdriven and the risk factors that may affect the realization of forward looking statements is contained in our filings with the Securities and Exchange Commission which are available on our website and at www.sec.gov. IDdriven assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Company Contact
E: [email protected]
T: 415.226.7773

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