SOURCE: Skkynet Cloud Systems, Inc.

Skkynet Cloud Systems, Inc.

August 13, 2013 09:00 ET

Skkynet Elects Kenneth Jennings and Norman Evans to Board of Directors

TORONTO, ON--(Marketwired - Aug 13, 2013) - Skkynet Cloud Systems, Inc. ("Skkynet" or "the Company") (OTCBB: SKKY), a leader in real-time Cloud information systems, is pleased to announce the unanimous election of Kenneth Jennings and Norman Evans as members of the Company's Board of Directors effective August 7, 2013.

President Paul Thomas stated, "We are very pleased to welcome Ken and Norm to our Board of Directors. Skkynet is entering a critical new phase in its evolution as a leading real-time Cloud information systems innovator. Skkynet is unique in its ability to provide true real time data combined with desktop-top quality visualization from within a web browser. To further build upon this opportunity, the Company will need to expand its skills and aptitudes. With Ken's outstanding depth of knowledge and experience in business development, strategy and in leading business-to-business software sales and marketing teams, and Norm's experience in audit and financial reporting for public companies and corporate governance, they are both ideally suited to help guide and advise the Board and the Company's management team."

Mr. Evans is the CFO of Cipher Pharmaceuticals Inc., a Canadian publicly-listed pharmaceutical company. Mr. Evans is also a Chartered Accountant with over 25 years of business experience. Prior to his work at Cipher, from 1996 to 2006, Mr. Evans was VP of Finance at MDS Pharma Services, a pharmaceutical services company, and prior thereto was a Partner at Ernst & Young Inc.

Mr. Jennings is VP of Kinesis Identity Security System Inc., a software security company. Prior to his work at Kinesis, from 1991 to 2009, Mr. Jennings held senior roles including VP of Manufacturer Solutions & Consulting, VP of Marketing, and VP of Sales at ADP Dealer Services, a division of ADP Inc., the payroll outsourcing company.

More information on Skkynet's Board of Directors and Advisory Board can be found at http://skkynet.com/investors/directors/.

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 to collect, process and distribute 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 our web based assets, we also provide clients and their customers the ability and the tools to observe and interact with these processes and services in real time as they are underway, and to give them the power to analyze, alter, stop or otherwise influence these activities to conform to their plans.

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. 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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