(OTCMKTS:ICLD) Continues to Rally Higher Following Convertible Debt Reduction

Shares of InterCloud Systems, Inc (OTCMKTS:ICLD), a leading provider of cloud netowrking orchestaration and automation solutions, today closed up 20% at .0279, representing a combined gain of 132% from the low of .012 in late February. The beginning of the rally started on March 1st when the Company announced it will be reducing convertible debt through the sale of the High Wire Networks division for $4.0 million in cash.

The sale signifies the Company's new business strategy to reduce its exposure to convertible debentures and reduce outstanding liabilities. The Company stated in the press release that it continues to explore other non-core asset sales to further its efforts.

Founded in 2006, InterCloud Systems, Inc (OTCMKTS:ICLD) operates through four segments: applications and infrastructure, professional services, managed services, and cloud services. InterCloud's cloud solutions offer enterprise and service-provider customers the opportunity to adopt an operational expense model by outsourcing to InterCloud rather than the capital expense model that has dominated in recent decades in IT infrastructure management.

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