InterCloud Systems Awarded New Contracts Valued at Over $2.0 Million

SHREWSBURY, N.J., Nov. 22, 2016 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (OTCQB:ICLD) a leading provider of cloud networking orchestration and automation solutions and services, announced today that it was recently awarded over $2.0 million in professional service contracts to support next generation Wi-Fi and DAS network deployments from new and existing clients.

Mark Munro, CEO of InterCloud Systems stated: "We continue to build upon our backlog with significant new contracts. We continue to emphasize organic growth and execute on our plans to reduce debt and operating expenses in order to drive positive EBITDA. We look forward to a strong finish to the year and positive outlook for 2017.”

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:

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CONTACT:
Investor Relations
InterCloud Systems, Inc.
561-988-1988

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Source: InterCloud Systems, Inc.