SOURCE: Cloud Centric Systems, Inc

December 14, 2010 08:00 ET

CLOUD CENTRIC SYSTEMS, INC Update on Pinksheets Status

CLDR Submits Quarterly Financial Statement to Pinksheets

LONDON--(Marketwire - December 14, 2010) - Cloud Centric Systems, Inc (PINKSHEETS: CLDR) is pleased to announce that it has this morning raised its status on from "No Information" to "Limited Information" by filing its Quarterly Financials through the website.

David Lovatt, CEO of Cloud Centric Systems, stated that "It has been a difficult quarter for Cloud Centric and, whilst we have not seen the shareholder value appreciation that we were looking for, we are now starting to see the green shoots of recovery..."

"The first step of improving our status to Limited Information will shortly be followed by the filing of our quarterly Information & Disclosure Document which will, we believe, take us to Current Information with the filing of our Attorney's Opinion Letter. Our work on increasing shareholder value can really now begin in earnest as we look for a 10 fold increase in the value mark over the coming quarter," added Lovatt.

Earlier this month, Cloud Centric Systems announced that it was opening its Beta Program up to potential partners and that the executive team had been given the first live demo of the newly redesigned Vizual Mobile Platform which the company acquired during this last quarter.

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.

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This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place under reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Cloud Centric Systems, Inc takes no obligation to update such statements.

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