Verecloud CEO to Speak at NBT Emerging Growth Equity Summit
21 Junio 2011 - 5:00AM
Marketwired
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.
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
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