SOURCE: American Diversified Holdings Corporation
DEL MAR, CA--(Marketwire - Nov 19, 2012) - AMERICAN DIVERSIFIED HOLDINGS CORPORATION (PINKSHEETS: ADHC) (http://www.americandiversifiedholdings.com/)
A recent report by Forrester Research called "Sizing the Cloud:" indicates that the cloud computing industry is projected to grow from $40 billion in 2010 to over $241 billion by 2020. This increase will provide massive opportunities for emerging cloud computing companies such as ADHC's Operating subsidiary, Rebel Networks. The Company commented on this strategy saying, "We have targeted several potential candidates to acquire in the cloud computing space that would complement our existing business. The industry projections continue to support our corporate objective in building cloud computing operating business in the small to medium size business market.
"Image customers today are trying to manage all sorts of cloud services such as email, web portals, BlackBerry, mobile apps, storage, etc. from multiple vendors with multiple passwords and logins. Now Business Cloud Box can seamlessly integrate these cloud services into a single control panel and the customer can select which components they need and create custom bundles of services to match their requirements."
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This press release contains forward looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. American Diversified Holdings common stock currently trades on the over-the-counter "Pink Sheets" under the symbol ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no inference has been made that this release contains all such information.