$ICLD was recently awarded new contracts from new
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Posted On: 10/02/2017 11:39:53 AM
$ICLD was recently awarded new contracts from new and existing customers valued at over $1.2 Million. In addition, the Company's subsidiaries have begun to receive purchase orders for hurricane repair efforts in Florida and expect to receive additional purchase orders for Texas with local service providers.
Mark Munro, CEO of InterCloud Systems stated, "The hurricane telecom rebuilding projects have started to move forward now that the engineers can get to the sites in the damaged areas. Our teams have a tremendous amount of experience in disaster work efforts. During 2005 and for several years thereafter, our telecom services division reported approximately $55 million of billings related to Hurricane Katrina alone. The divisional managers have been preparing for larger scale deployments as waters recede and work crews are able to be deployed. In addition, we have provisionally reached a settlement agreement on our legacy class action lawsuits that we expect will be closed by year end. Lastly, it is our expectation that we can restructure our remaining debt during the fourth quarter of 2017. We have been diligently working on a plan to move forward and rebuild shareholder value and company momentum."
https://www.barchart.com/story/stocks/quotes/...ase-orders
Mark Munro, CEO of InterCloud Systems stated, "The hurricane telecom rebuilding projects have started to move forward now that the engineers can get to the sites in the damaged areas. Our teams have a tremendous amount of experience in disaster work efforts. During 2005 and for several years thereafter, our telecom services division reported approximately $55 million of billings related to Hurricane Katrina alone. The divisional managers have been preparing for larger scale deployments as waters recede and work crews are able to be deployed. In addition, we have provisionally reached a settlement agreement on our legacy class action lawsuits that we expect will be closed by year end. Lastly, it is our expectation that we can restructure our remaining debt during the fourth quarter of 2017. We have been diligently working on a plan to move forward and rebuild shareholder value and company momentum."
https://www.barchart.com/story/stocks/quotes/...ase-orders
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