Cloud Security Corporation Corporate Update
NEWPORT BEACH, Calif., Sept. 26, 2013 /PRNewswire/ -- Cloud Security Corporation, (OTCBB: CLDS) a leading cloud security company, provided the following update. The Company has consolidated its business operations under the name Cloud Security Corporation and recently changed its website to www.cloudsecuritycorporation.com. Company management is focused on continuing to develop cutting edge cybersecurity technology, raising additional operational capital and exploring prospective acquisitions.
"We're very pleased by recent developments across the board in Cloud Security Corporation," stated Safa Movassaghi, Chief Executive Officer, of Cloud Security. "We are currently in advanced negotiations with investors and continue to pursue acquisition targets in the technology sector. "
About Cloud Security Corporation
Cloud Security Corporation is an innovative cloud computing company that creates security, technology, and products. The Company develops products in the remote-access computing sector including enhanced security connections. Cloud Security Corporation has developed patent-protected remote access security devices such as MyComputerKey™. The Company also develops online application security products and is expanding into other verticals.
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"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company's filings with the Securities and Exchange Commission
SOURCE Cloud Security Corporation