Verecloud Announces Promotion to Offer 12,000 Microsoft(R) Exchange 2010 Accounts for Free for an Entire Year

   Verecloud, Inc. (OTCBB: VCLD), innovators in the emerging cloud computing services business, today announced that it has launched a unique promotion, offering 12,000 Microsoft Exchange 2010 accounts for free for an entire year, on a first come, first served basis.

The promotion is available to small and medium size businesses (SMBs) nationally with between 10 and 500 employees. Already, more than 6,000 of the seats have been claimed after a private shopping opportunity for members of the Spiceworks community. More than 1.6 million SMB IT professionals, representing companies that spend an average of $132,000 each on IT annually, rely on Spiceworks to manage their IT infrastructure and services. Verecloud utilizes Spiceworks Vendor Pages and other social marketing programs to provide cloud services for the Spiceworks community.

The promotion includes:

• 5GB mailbox fully-featured account, with Outlook, shared calendars and web access
• Hosted by a tier 4 data center
• Basic anti-SPAM
• Encrypted client communication using RPC and HTTPS
• 99.999% guaranteed uptime
• Free 24 X 7 X 365 support from a U.S.-based call center

There are no contracts to sign, and customers can cancel at any time. Upgraded features that may carry an additional fee include wireless synchronization for smart phones and premium SPAM and anti-virus filtering. Additionally, SMBs that set up an account can add as many users as they want during their first year, but will begin paying for all their seats in the 13th month at regular rates, which are currently $9.00 per month per account.

"To announce our Cloudwrangler™ marketplace, we wanted to make a statement. Email is a vitally important function for any organization, and we are making available services that were previously only accessible by large enterprises. The promises of the Cloud, with all the accessibility, control, security and savings, are now coming true for SMBs," stated Jeff Hutcheon, Executive Vice President of Sales and Marketing for Verecloud.

Verecloud's mission is to make it easier for SMBs to shop for, select, purchase, manage and monitor the performance of an organization's hosted/cloud services and related spending, at no additional charge. Verecloud currently offers cloud servers through SoftLayer, Microsoft® Exchange, Microsoft® SharePoint collaboration tools, Microsoft® Dynamics CRM and MozyPro desktop backup services.

Companies wanting to claim their seats can visit www.verecloud.com/freeexchange, email [e-mail] or call 1-866-935-5186. There are a variety of tools to help a company migrate their email accounts, including free hosting, or Verecloud can handle the migration of the data on their behalf.

About Verecloud In March 2011, Verecloud shifted its focus to providing an online cloud marketplace targeted directly to small and medium businesses, after building the platform for the telecommunications industry. On August 2, 2011, Verecloud launched Cloudwrangler™ which makes it easier for SMBs to shop for, purchase, monitor and manage the performance of their hosted/cloud services at no additional charge. For more information on Verecloud visit: http://www.verecloud.com

Forward-Looking Statement This release may contain projections and other forward-looking statements that involve risks and uncertainties. Forward-looking statements are projections reflecting management's judgment and assumptions based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Future performance cannot be assured. Readers are referred to the documents filed by Verecloud with the Securities and Exchange Commission (SEC), specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Recent documents filed with the SEC can be found in the Investor Relations section of our website (www.verecloud.com). Verecloud believes the forward-looking statements in this release are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. Verecloud is not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.

Media Relations Dirk Van Slyke Corporate Marketing Verecloud, Inc. 303-999-7398 [e-mail] Investor Relations John McCawley Chief Executive Officer Verecloud, Inc. 877-711-6492 [e-mail]