SANTA BARBARA, CA–(Marketwired – June 10, 2016) – CloudCommerce, Inc. (CLWD), announced that it was made aware by the OTC Markets on June 9, 2016 of promotional activities surrounding the Company’s common stock.
The promotional activities concerning CloudCommerce and its common stock Included newsletter emails encouraging investors to purchase the Company’s common stock. The mailer’s disclaimer in these promotional newsletters indicated that the entity involved was NOT compensated for their coverage of CloudCommerce Inc. and did not expect to receive any compensation in the future. Additionally, they disclaimed that the entity owned any shares or positions of CLWD at the time of the mailer. This promotional activity coincided with higher than average trading volume and increases in the Company’s stock price. The Company is unaware of the full nature of the promotional activities, and who may be responsible and the extent of the email newsletters’ dissemination.
The Company states definitively that the Company, its officers, directors and, to the Company’s knowledge, any controlling shareholders (i.e., shareholders owning 10% or more of the Company’s securities) have not, directly or indirectly, authorized or been involved in any way (including payment to a third-party) with the creation or distribution of promotional materials including the email newsletters for the trading activities on June 9, 2016. Additionally, the Company, its officers, directors or to the Company’s knowledge, any controlling shareholders, have not sold or purchased the Company’s securities within the past 30 days.
For information about the Company’s convertible instruments or shares issued, please refer to the Company’s SEC filings.
CloudCommerce, Inc. (CLWD) provides advanced e-commerce services to leading brands. Our customers depend on us to help them compete effectively in the $1.6 trillion worldwide e-commerce market. Our comprehensive services include: (1) development of highly customized and sophisticated online stores, (2) real-time integration to other business systems, (3) digital marketing and data analytics, (4) complete and secure site management, and (5) integration to physical stores. Our goal is to become the industry leader by rapidly increasing the number of customers who regularly depend on us and by acquiring other rapidly growing e-commerce service providers. To learn more about CloudCommerce, please visit www.cloudcommerce.com.
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.