MISSION VIEJO, CA / CRWEPRESSRELEASE / August 12, 2015 /Cloud Security Corporation Inc. (OTCMKTS:CLDS) (the “Company”) is requesting that participants in the market for its public securities trade with caution, with the understanding that the present CLDS stock price does not reflect any recognizable valuation method for CLDS. CLDS is an early stage company, reviewing alternative development prospects in providing additional cyber security for various cloud based platforms.
CLDS does not have any revenues at this time and it has not produced a product or service that it is presently offering to the marketplace. Company management is not aware of any reason why the CLDS stock price would now have increased almost 10 times in approximately one month and is presently investigating the potential causes of this extreme increase and in management’s view creates an unsustainable stock price increase.
About Cloud Security Corporation
Cloud Security Corporation is an innovative cloud computing company whose technology and products allow for secure data connections to the cloud, through networks, traditional computers and mobile devices such as smartphones and tablets. The Company’s flagship product – MyComputerKey(TM) – provides the ability for remote access security to any computer around the world. The Company also develops online application security products and mobile security technology in the Bring-Your-Own-Device (BYOD) market, a growing trend in today’s mobile workforce. For more information about the Company, please visit www.cloudsecuritycorporation.com.
Cautionary Language Concerning Forward-Looking Statements
This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting the Company please refer to the Company’s Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Cloud Security Corporation