LONDON, Jan. 4, 2011 (GLOBE NEWSWIRE) -- Cloud Centric Systems, Inc. (Pink Sheets:CLDR) CEO David Lovatt announces today that the company is now playing the waiting game for all the recent changes to come into effect and is re-submitting the relevant forms to the State of Florida.
"In an effort to ensure that we are fully transparent, I decided to put out this release to let the shareholder base know that the Authorized Share Capital change will now be effective at the end of January, rather than the 10th as we had previously announced," stated Lovatt, CEO of Cloud Centric Systems, Inc.
"The reason for this is an error on the paperwork which is now being resent rather to the State of Florida and I can only apologize for this. I hope that I have the trust of the shareholder base now who will appreciate that, occasionally, we get it wrong….and this is one of those times," continued Lovatt.
Cloud Centric Systems recently announced that its officers had returned their common shares to the treasury and that this would account for 1.1bn of the Common Shares Issued.
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.
CONTACT: Cloud Centric Systems, Inc. Investor Relations (347) 404 5346