SOURCE: Cloud Centric Systems, Inc.

December 20, 2010 10:30 ET

Cloud Centric Systems, Inc. Update on Cap Structure

CLDR Releases Cap Structure and Announces the Letter From the President

LONDON--(Marketwire - December 20, 2010) - Cloud (PINKSHEETS: CLDR) updates shareholders with its share structure as of today as part of an initiative to maximize overall transparency, accessibility and shareholder relations. The company has also released the December 2010 Letter from the President which is available from the Investor Section of the company's website.

Cloud Centric Systems, Inc. CEO David Lovatt comments, "This is an exciting time for the company as we bounce back from a difficult quarter in terms of share price. We are starting to flush out the stock holder base that had acquired stock at the bottom end and are now building a new shareholder base that see the value in the business long term and are acquiring stock at higher rates. This new shareholder base will be with us as we break through 0.0005 in the coming days and weeks I feel sure."

The company has recently been lifted to Limited Information on OTCMarkets.com by filing its quarterly accounts and will qualify for OTCMarket's Current Info Tier with the filing of its disclosure documents in early January. 

The current share structure as of Monday, 20th December 2010, per our Transfer Agent, is as follows:

Authorized Shares: 5,000,000,000
Outstanding Shares: 3,063,988,456. 

Of the Oustanding Shares, the officers currently hold 1,100,000,000 and the company have an undertaking that these will be returned to the Transfer Agent before January 14th, 2011.

The Authorized Share Capital is set to be decreased by 40% during the first quarter of 2011 as well.

About Cloud Centric Systems:
Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. Cloud Centric Systems plans to grow via strategic acquisition over the coming 12 months as well as strong sales through its subsidiaries, Cloud Centric (UK) and VizualMobile Ltd.

For more information, please visit www.cloudcentricsystems.com 

A direct link to the President's Letter is: http://www.cloudcentricsystems.com/images/CLDR_President_s_Letter_to_Shareholders_Dec_2010.pdf

Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Contact Information

  • Contact:
    Cloud Centric Systems, Inc.
    1 (347) 404 5346