updated 9/13/2010 10:45:52 AM ET 2010-09-13T14:45:52

LONDON, Sept. 13, 2010 (GLOBE NEWSWIRE) -- Cloud Centric Systems, Inc. (Pink Sheets:CLDR) announces today that its newly acquired tech firm VizualMobile is nearing the completion of a key Phase of development on its premier product platform which will allow firms to manage mobile phone accounts of employees, regardless of their platform/carrier. "The platform, which includes seamless accessibility for Google's Android, Apple's iPhone (IOS) and RIM Blackberry platforms, has provided some interesting challenges, which our development team is meeting with confident capability, all under budget and on time," states Cloud Centric Systems CEO David Lovatt.

He continues, "The market has an ever-increasing demand for a product like ours. Progress with both product development and feedback from strategic partners reinforces that the timing for Cloud Centric's acquisition of VizualMobile is very much conducive to industry trends, but more specifically, to CLDR's strategic development phase and overall company growth and expansion."

A recent wireless industry report comments on the future of managed mobile security systems:

As the smartphone market continues to expand, companies want to support each type of device rather than define a single device as a corporate standard. Furthermore, the ultimate ability today to support multiple mobile devices such as Android, BlackBerry, the iPad, the iPhone and the Symbian OS has a broad appeal to companies of all sizes.

With MaaS (mobility as a service) being positioned as an alternative for companies that normally would have to build their own mobility security solutions, the market is ripe for wireless carriers, operators and system integrators to offer these new revenue-generating services.

MMSS (managed mobility security services) will help retain customers and gain new ones, create additional revenue streams and better leverage economies of scale to deliver services quickly to new customers.

Cloud Centric also confirms today that, as a result of discussions with channel partners worldwide, the VizualMobile platform development and its applications have garnered "tremendous interest from some of the more technologically advanced countries in the world," states Lovatt "primarily in Europe and Asia, including Singapore as well as enormous response from China. We expect to have Letters of Intent and/or solidified Distribution Agreements during Q3/Q4 that cover most of our Key Territories."  

About Cloud Centric Systems: Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. Cloud Centric Systems plans to grow via strategic acquisition over the coming 12 months as well as strong sales through its subsidiaries.

For more information, please visit www.cloudcentricsystems.com

Safe Harbor Statement:

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Release drafted by NMR, LLC

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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