InterCloud Systems Receives Letter from NASDAQ
April 28 2016 - 10:46AM
InterCloud Systems, Inc. (the “Company”) (NASDAQ:ICLD), a leading
provider of cloud networking orchestration and automation solutions
and services, today announced that, on April 18, 2016, it received
a written notice from the Listing Qualifications Department of the
Nasdaq Stock Market ("Nasdaq") indicating that the Company is not
in compliance with Nasdaq Listing Rule 5250(c)(1) for continued
listing because it had not yet filed its Annual Report on Form 10-K
for the period ended December 31, 2015 (the “2015 10-K”).
As previously disclosed in the Company’s Notification of Late
Filing on Form 12b-25, filed with the Securities and Exchange
Commission on March 30, 2016, during the fourth quarter of 2015 and
the first quarter of 2016, the Company entered into numerous
financings and effected the disposition of a subsidiary. The
Company expects to complete its review process and file the 2015
10-K in advance of the due date, or June 17, 2016, in order to
regain compliance with Nasdaq Listing Rule 5250(c)(1).
About InterCloud Systems, Inc.
InterCloud Systems, Inc. is a cloud computing company which
provides end-to-end information technology (IT) and next-generation
network solutions including Software Defined Networking (SDN) and
Network Function Virtualization (NFV) orchestration to the
telecommunications service provider (carrier) and corporate
enterprise markets through cloud solutions and professional
services. Additional information regarding InterCloud may be
found on InterCloud's website at www.intercloudsys.com.
Forward Looking Statements
Statements in this press release regarding InterCloud that are
not historical facts are forward-looking statements and are subject
to risks and uncertainties that could cause actual future events or
results to differ materially from such statements. Any such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that do not
directly or exclusively relate to historical facts. In some cases,
you can identify forward-looking statements by terms such as “may,”
“will,” “should,” “could,” “would,” “expects,” “plans,”
“anticipates,” “believes,” “estimates,” “projects,” “forecasts,”
“predicts,” “potential,” or the negative of those terms, and
similar expressions and comparable terminology. These include, but
are not limited to, statements regarding the estimated timing
for the filing of the 2015 10-K and the Company’s plans for
regaining compliance with the Nasdaq Listing Rules. Although we
believe that the expectations reflected in these forward-looking
statements are reasonable, these expectations may not be achieved.
Forward-looking statements represent our intentions, plans,
expectations, assumptions and beliefs about future events and are
subject to known and unknown risks, uncertainties and other factors
outside of our control that could cause our actual results,
performance or achievement to differ materially from those
expressed or implied by these forward-looking statements.
CONTACT: Investor Relations
InterCloud Systems, Inc.
561.988.1988
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