Sloud States Corporate Expansion and Initiative

PANAMA CITY BEACH, Fla., May 13, 2013 /PRNewswire/ -- Today, Leone Asset Management, subsidiary to Sloud, Inc., (Pink Sheets: SLOU) announced corporate expansion and new initiatives in Sierra Leone.

Company President, Tony Khodadad stated, "As I watch the news each day, I see global unrest, high unemployment and relatively no growth or growth prospects in the developed world.  Each day, I become more energized to be operating in Sierra Leone.  We are working in the trenches in a country that I believe, in the very near future, will be experiencing near double digit GDP growth annually and will sustain that rate for the next decade.  As a company, we are currently operating in sectors and are identifying potential areas of expansion that will help fuel that growth for the country.

Building the company and shareholder value is my primary focus, and to do that, I am excited to say we are boldly moving forward as a government contractor and consultant to assist in the growth and expansion of several sectors in Sierra Leone.  We have identified several potential areas of opportunity to improve infrastructure, government sponsored programs, job creation and overall stability and financial growth and sustainability. 

We are currently offering potential solutions and expansion tools to the appropriate agencies and are seeking Memorandums of Understanding and contracts to facilitate projects within sectors that will greatly improve the quality of life for the people, dramatically improve revenues to the country and increase our shareholder value."

About Sloud Sloud, Inc., is a U.S. corporation with offices in Panama City Beach, FL., and San Diego, CA. Sierra Leone subsidiary, Leone Asset Management operates as a Government contractor as well as owning and operating a group of diversified subsidiaries that provide financial advice on individual wealth management, mergers, acquisitions, restructurings, financing, real estate and development, and capital raises to a global client base including individuals, corporations, partnerships, institutions and governments.  For additional information, visit: www.leoneasset.com.

Forward-Looking Statements Disclosure 
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.

SOURCE Sloud, Inc.