|By PR Newswire||
|April 11, 2014 05:00 PM EDT||
ASHBURN, Va., April 11, 2014 /PRNewswire/ -- SteelCloud, Inc. (OTCQB: SCLD) (the "Company") announced today that, in order to satisfy a portion of its outstanding obligations, substantially all of its assets have been transferred to SteelCloud LLC, an unrelated private company. The Company intends to formulate a plan for the wind down of operations and the dissolution of the public Company within the next several weeks. The Company anticipates that there will be no distributions to its shareholders resulting from such plan.
FORWARD-LOOKING STATEMENTS: Statements in this press release that are not purely historical facts, including statements regarding SteelCloud, Inc.'s (the "Company") beliefs, expectations, intentions or strategies for the future, may be forward-looking statements. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, the Company's ability to obtain financing in the short term; general business conditions and the amount of growth in the computer industry and the general economy; competitive factors; ability to attract and retain key sales and management personnel; the price of the Company's stock. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise.
SOURCE SteelCloud, Inc.
Jun. 30, 2015 05:00 PM EDT Reads: 2,081
Jun. 30, 2015 04:39 PM EDT Reads: 559
Jun. 30, 2015 04:21 PM EDT Reads: 600
Jun. 30, 2015 03:59 PM EDT Reads: 552
Jun. 30, 2015 02:15 PM EDT Reads: 2,149
Jun. 30, 2015 01:56 PM EDT Reads: 676
Jun. 30, 2015 01:45 PM EDT Reads: 1,994
Jun. 30, 2015 01:45 PM EDT Reads: 1,860
Jun. 30, 2015 01:30 PM EDT Reads: 2,109
Jun. 30, 2015 01:15 PM EDT Reads: 2,052
Jun. 30, 2015 12:30 PM EDT Reads: 1,845
Jun. 30, 2015 10:30 AM EDT Reads: 1,896
Jun. 30, 2015 10:20 AM EDT Reads: 554
Jun. 30, 2015 10:15 AM EDT Reads: 853
Jun. 30, 2015 09:45 AM EDT Reads: 896