Cloud Star Corp Receives $350,000 of Funding From Investor
NEWPORT BEACH, Calif., May 1, 2013 /PRNewswire/ — Cloud Star Corp (OTCBB: CLDS) a Nevada corporation specializing in security technology for cloud computing, today announced to date it has received $350,000 of a $500,000 investment commitment from Leeward Ventures. This capital infusion provides the Company with funds for ongoing business operations developing and marketing security products for the cloud computing sector.
Safa Movassaghi, President and CEO of Cloud Star Corp, stated, “Our management team is pleased we have continued to attract capital to Cloud Star Corp. This additional infusion of Capital supports our continued technology development capabilities and will also be used for marketing our technology.”
About Cloud Star Corporation
Cloud Star Corp, NV, is an innovative cloud computing company that provides security, technology, and products to the technology marketplace. The Company operates in the remote-access computing sector including enhanced security connections. Cloud Star has developed patent-protected remote access security devices such as MyComputerKey(TM). The Company also develops online application security products with its partners.
“Safe Harbor” Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Notice Regarding Forward Looking Statements -This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company’s filings with the Securities and Exchange Commission.
SOURCE Cloud Star Corp