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NEWPORT BEACH, CA -- (Marketwire) -- 05/01/12 -- Accentuating Intelicloud's initiatives for acquiring undervalued strategic technology and company assets which are poised for explosive short-term growth and long-term value, Intelicloud Holdings has signed a formal term sheet with SLICE NETWORKS, LLC (www.slicenetworks.com) acquiring majority ownership.

Slice Networks, LLC, brings next generation technology to the website and hosting communities. In addition to serving up a suite of hosting packages, Slice Networks develops as well as delivers advanced Infrastructure-as-a-Service (IaaS) solutions. From small and medium businesses, to large enterprise companies, anyone can have a SLICE of the latest technology in networking.

"Our focus with Slice Networks will be to expand marketing plans in 2012 to increase its customer base and provide additional infrastructure solutions with our suite of Intelicloud products," states Jeffrey Friedrichs, CEO of Intelicloud. "This will enable a more robust product offering to existing and new customers. We are anticipating substantial revenue growth from Slice Networks between 2012 and 2015 while providing a platform to leverage sales of Intelicloud products to its customer base."

Intelicloud, a developer and manufacturer of elastic data center equipment, including converged infrastructure products (IC-360) and scale out-high performance storage solutions (IHI-36 and IHI-60), expands its offerings to its clients by adding Slice Networks professional and managed services to its portfolio. Slice Networks will be beneficiary of this synergistic relationship by accessing Intelicloud's storage solutions for their high performance, web hosting, cloud services, video and mobile solutions.

"Slice offers a suite of Web-based services to both enterprise customers as well as service providers," states Lawrence Lam, CEO of Slice. "Our solutions enable businesses to more easily move from wanting a cloud environment to deploying and effectively managing one."

About Intelicloud Holdings, Inc.
Founded in 2010, Intelicloud Holdings is a leader in developing and manufacturing simplified, highly scalable and flexible, next generation data center equipment. Intelicloud redefines the paradigm for cost, performance, stability and manageability for large Content Distribution and Service Provider Networks around the world. The companies Elastic Architecture™ solution supplies the speed and bandwidth customers are demanding from their Internet service, telecommunications, cable, satellite, online gaming, wireless and entertainment providers. Additional information is available at http://www.Intelicloud.com.