SANTA BARBARA, CA--(Marketwired - June 28, 2016) - CloudCommerce, Inc. (
As part of the exchange agreement, the investors also agreed to forgive all accrued interest.
CloudCommerce CEO Andrew Van Noy commented, "This exchange reduced our debt and increased our shareholders equity and represents a heightened level of confidence by investors in our Company's plan for future growth. By strengthening our balance sheet, we are now in a better position to pursue additional acquisitions and fuel organic growth."
About CloudCommerce
CloudCommerce, Inc. (
Forward-Looking Statements
Matters discussed in this shareholder letter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Contact Information:
Contact:
CloudCommerce, Inc.
Tel: 805-964-3313