Verecloud Expands Management Team to Support Growing Position as a Cloud Services Broker

Verecloud (OTCBB:VCLD), which enables communications service providers (CSPs) to capture market share in the emerging cloud computing services business, announced today it has expanded its management team by promoting Brad Hoffman to vice president of business development and Russell Wurth to vice president of product management, effective immediately.

Hoffman joined Verecloud in August 2010 and had been Verecloud’s director of business development, bringing more than 15 years of experience in sales and marketing and more than 12 years in product leadership and technology deployments for major wireless and telecommunication providers including Verizon Wireless and Comment Cellular.

Wurth has been with Verecloud since 2007 and before his promotion was Director of Solutions Architecture. Before Verecloud, Wurth held solution architecture and software development positions at telecommunication and technology companies including Level 3 Communications, Qwest Communications International, Charter Communications and Intel.

"I'm delighted to welcome Brad and Russell to the senior team. Their extensive industry experience will play a pivotal role in the continued growth of Verecloud and the development and delivery of our Nimbus Xchange platform," said John McCawley, Verecloud’s chief executive officer. “Verecloud is at the forefront of helping CSPs drive new cloud-based revenue streams and adding depth to our management team is a major step forward."

About Verecloud

Based in Englewood, Colorado, Verecloud enables communications service providers (CSPs) to capture market share in the expanding and lucrative cloud computing market. Verecloud’s cloud services broker platform, Nimbus Xchange, addresses the CSPs’ need to integrate their cloud services business with existing back-office systems which enable CSPs to drive new revenue opportunities. By collaborating with Verecloud, CSPs are positioned to capture a significant percentage of this exciting market by playing a key role in the cloud services brokerage opportunity. Learn more about Verecloud at: 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.

Verecloud (CE) (USOTC:VCLD)
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