SOURCE: Verecloud

Verecloud

June 21, 2011 06:00 ET

Verecloud CEO to Speak at NBT Emerging Growth Equity Summit

DENVER, CO--(Marketwire - Jun 21, 2011) - Verecloud, Inc. (OTCBB: VCLD), innovators in the emerging cloud computing services business, announced today that John McCawley, chief executive officer, will be speaking today at the NBT Emerging Growth Equity Summit at the Princeton Club in New York.

The Summit is sponsored by NBT Equity Group and in attendance will be 150 of the highest rated PIPE (private investment in public equity) fund managers, small/micro-cap fund managers, buy side/sell side analysts, emerging growth broker dealers, leading investment newsletter and media editors & bloggers.

NBT Equity Group LLC was founded by well-known research analyst Tobin Smith and serial technology entrepreneur Amanda Besemer. Tobin Smith is a contributing market analyst for Fox News Channel and Fox Business Network and a regular panelist on its highly rated "Bulls & Bears" weekly investment program.

The worldwide market for cloud spending is expected to grow to more than $150 billion, up from $59 billion in 2009. SMBs with less than 500 employees represent an underserved market for cloud services, and the cost of integration further impedes new service adoption. Plus, SMBs are finding it increasingly difficult to make sense of the rapidly growing universe of cloud services. Verecloud's enabling platform cuts through all these difficulties and provides SMBs with capabilities that traditionally were available only to large enterprises.

Verecloud bridges the current gap between SMBs that want expanded and integrated services via the Cloud and innovative cloud computing solution suppliers who want access to the evolving large distribution channels. Verecloud will distribute, manage and bill for cloud services to SMBs and allow them to manage these services through a single portal.

According to Tobin Smith, "Verecloud is literally at the ground floor of the exploding Cloud Service Brokerage industry. NBT and industry analysts, including Gartner, expect revenues for the cloud service brokerage industry to explode in the small-to-mid sized business market, and the Verecloud CSB cloud service brokerage platform is uniquely positioned within this billion dollar monster growth segment."

Copies of the presentation materials are available at the SEC's website at www.sec.gov and on the Company website at www.verecloud.com.

About Verecloud
Based in Denver, Colorado, Verecloud®, Inc. is an innovative technology company that developed and operates a cloud service brokerage platform that integrates cloud service suppliers and connects to SMBs through multiple distribution channels. Verecloud is targeted at organizations that need innovative, high-margin cloud services to drive growth including SMBs, communications service providers (CSPs), managed service providers (MSPs), and innovative cloud computing solution suppliers who want access to the evolving distribution channels. For more information on Verecloud visit: http://www.verecloud.com

Forward-Looking Statement
This release may contain projections and other forward-looking statements that involve risks and uncertainties. Forward-looking statements are projections reflecting management's judgment and assumptions based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Future performance cannot be assured. Readers are referred to the documents filed by Verecloud with the Securities and Exchange Commission (SEC), specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Recent documents filed with the SEC can be found in the Investor Relations section of our website (www.verecloud.com). Verecloud believes the forward-looking statements in this release are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. Verecloud is not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.

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