VCLD Verecloud Inc (CE)

Verecloud, Inc. (OTCBB: VCLD), innovators in the emerging cloud computing services business, today announced that it has selected San Francisco-based MUH-TAY-ZIK | HOF-FER as branding agency of record.

MUH-TAY-ZIK | HOF-FER was selected from among a dozen agencies competing for the account. Billings were not disclosed, however MUH-TAY-ZIK | HOF-FER will handle product positioning and branding of Verecloud's expense management service and cloud services brokerage, launched earlier this year.

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.

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.

"Our product is a game changer in the cloud services arena for SMBs, and we wanted an agency that help create a brand that is equally disruptive. MUH-TAY-ZIK | HOF-FER has created some groundbreaking work and we look forward to working with them," stated John McCawley, chief executive officer for Verecloud.

"We are super excited to be working with such a smart bunch at Verecloud," said Creative Director John Matejczyk. "The idea of a single store for SMB cloud services is brilliant, and these guys can pull it off."

About Verecloud Based in Denver, Colorado, Verecloud®, Inc. is an innovative technology company that developed and operates Nimbus CSB, a cloud service brokerage platform that integrates cloud service suppliers and connects to SMBs through multiple distribution channels. Nimbus CSB 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

About MUH-TAY-ZIK | HOF-FER Founded in 2009, MUH-TAY-ZIK | HOF-FER is a full-service creative branding agency based in downtown San Francisco, quickly earning a reputation for iconic work for such brands as iMeet, Tiny Prints and Google. Before founding their own shop, co-founders Executive Creative Director John Matejczyk and President Matt Hoffher created ground-breaking work for such brands as HP, Got Milk?, Snickers, Budweiser and Miller Light at agencies Goodby, Silverstien & Partners, BBH NY and TBWAChiatDay NY. For more information on MUH-TAY-ZIK | HOF-FER visit: http://www.mtzhf.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.

Investor Relations Jim Buckley Chief Financial Officer Verecloud, Inc. 877-711-6492 jim.buckley@verecloud.com Media Relations Dirk Van Slyke Corporate Marketing Verecloud, Inc. 303-999-7398 dirk.vanslyke@verecloud.com