SOURCE: Skkynet Cloud Systems, Inc.

July 15, 2013 08:30 ET

Norman Evans Nominated for Election to Skkynet's Board of Directors

TORONTO--(Marketwired - Jul 15, 2013) -  Skkynet Cloud Systems, Inc. ("Skkynet" or "the Company") (OTCBB: SKKY), a leader in real-time cloud information systems, is pleased to announce the Company's Board of Directors has nominated Norman Evans, CPA, to be elected to the Board. Mr. Evans is a highly respected and experienced financial executive. He currently serves as CFO of a publicly-listed company on the TSX exchange. The election of Mr. Evans to Skkynet's Board will be voted on at the Company's 2013 Ordinary Shareholder Meeting, which will be convened for 10:00am on August 7th, 2013 at the Delta Meadowvale Hotel and Conference Centre, in Mississauga, Ontario. In the meantime, Mr. Evans has been appointed to Skkynet's Advisory Board.

"The Board of Directors is pleased to propose Mr. Evans as a Board member of Skkynet. Mr. Evans has a wealth of experience in the management of public companies, and will provide independent oversight as head of the audit committee. We believe he will be a significant addition to the existing strength and combined experience of the Skkynet Board as we work towards building a global business," said Paul Thomas, President of Skkynet.

About Norman Evans:

Mr. Evans is Chief Financial Officer of Cipher Pharmaceuticals Inc., a Canadian-based pharmaceutical company. Prior to his work at Cipher, from 1996 to 2006, he was Vice-President of Finance at MDS Pharma Services, a pharmaceutical services company, and prior thereto was a Partner at Ernst & Young Inc. Mr. Evans received a B.Sc. from Concordia University and received his Canadian Chartered Accountant designation in 1980.

Information on the 2013 Ordinary Shareholder Meeting is available on the Skkynet Internet website:

About Skkynet Cloud Systems, Inc.:

Skkynet Cloud Systems, Inc., through its wholly owned subsidiary Cogent Real-Time Systems Inc., is a leading developer of software and related systems and facilities for collecting, processing and distributing real-time information over networks. This capability allows our clients to both locally and remotely manage, supervise and control industrial processes, financial information systems, and embedded devices. Through their web-based assets, DataHub® WebView™ enables data connectivity and visualization over the cloud, providing clients and their customers the necessary ability and tools to observe and interact with these processes and services in real time, empowering them to fully control their systems and analyze their data. DataHub® and WebView™ are either registered trademarks or trademarks used under license by Cogent Real-Time Systems Inc.

Safe Harbor:

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements generally can be identified by phrases such as Skkynet Cloud System, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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