updated 10/27/2010 10:15:43 AM ET 2010-10-27T14:15:43

LONDON, Oct. 27, 2010 (GLOBE NEWSWIRE) -- Cloud Centric Systems, Inc. (Pink Sheets:CLDR) CEO David Lovatt announces today that the company's newly signed Business Development Director, Paul Preston, has secured a contract with a new customer, Silvertec ( http://www.silvertec.co.uk ), a technology solutions provider who deliver managed IT services with a focus on business efficiency and productivity.

"When Paul Preston was brought onto the team, we knew we were signed up for success," states Cloud Centric Systems CEO David Lovatt. "In less than one month with our company, he has already executed working agreements with two solid clients and is currently in discussion with an additional business. Silvertec is a promising commitment for Cloud Centric that allows us to apply our IP solutions with its client base throughout the UK."

Preston states, "Silvertec, a highly rated company with extensive IT management, has a great future ahead. We look forward to implementing our technology in line with their long-term strategies to further position both companies for success."

Preston continues, "We feel this clearly demonstrates quality and professionalism with potential for exponential increase in business, which will reflect directly toward additional business for Cloud Centric."

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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