GuestTek International, Inc. Changes Name to Cloud Centric Systems, Inc.
Company Now Trades Under Symbol CLDR
LONDON, March 26 /PRNewswire-FirstCall/ -- GuestTek International, Inc. (Pink Sheets: GESM) is pleased to announce that as of today, March 26, 2010, the Company has changed its name to Cloud Centric Systems, Inc. and will now be trading under the stock symbol CLDR (Pink Sheets: CLDR).
Cloud Centric Systems also recently announced that the Company's wholly owned subsidiary EnableTS is targeting to increase its market share in the $13.5 billion software security market with the release of the latest upgrades to its EnableTS software. The worldwide market revenue for security software increased from $11.3 billion in 2007 to $13.5 billion in 2009, according to analysts from Gartner, driven by increasing compliance demands and a rising market for appliance-based products within sectors such as email security and secure web gateways.
The name change will better reflect the Company's business model and strategy. Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. The current management team will remain on board as the Company continues to seek out and evaluate acquisition candidates in the $160-billion "cloud computing" market (according to Merrill Lynch).
"This is another milestone for the company, the name change better reflects the company's direction and efforts," stated David Lovatt, CEO of Cloud Centric Systems.
There is no need or requirement for current shareholders to surrender their shares issued under the old name Guest Metrics, Inc. in exchange for new shares in the name of Cloud Centric Systems.
About Cloud Centric Systems Inc:
Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. Cloud Centric Systems plans to grow via strategic acquisition over the coming 12 months as well as strong sales through its subsidiary, Enable Software Ltd.
Enable Software Ltd., a European based email management software solutions company, works exclusively with IT Service Providers to furnish them with the very latest in email management solutions for the modern market place. Their solution covers everything from Archiving, Anti-Spam, Disaster Recovery and Business Continuity.
For more information, please visit www.cloudcentricsystems.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
SOURCE Cloud Centric Systems, Inc.
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