SAN RAMON, Calif., July 31, 2012 /PRNewswire/ — Systems America, Inc. (OTC: SYAI) (the “Company”), a premier provider of cloud computing and information technology solutions, announced today that the Company is in discussions with number of banks and mezzanine debt funds to provide capital to fund the Company’s acquisitions. As announced a few weeks back, the Company is planning to acquire several companies with least dilution possible to its existing shareholders.

In August 2011, the Company had received a commitment letter from Bridge Bank. After exhaustive due diligence conducted by Bridge Bank of the Company, Bridge Bank had agreed to provide Systems America a secured $6 million asset-based line of credit and $2 million term loan to fund specific targeted companies. The Company is discussing similar debt facilities with several banks and mezzanine debt funds to raise over $20 million in financing.

The Company is also exploring an option to raise funds via European and Asian bond offering. The Company has positioned itself to qualify for submittal of a bond offering in the European markets. The company expects to file the documentation for a $20 million bond offering in Germany. As the Company prepares the required filings for registration of the securities, the Company has contacted Bond Rating companies to rate the bond offering and expects the bonds to be rated as investment grade, with a coupon in the range of 9.25% to 9.75%, which is typical of a bond rating in Europe.

“This proposed new financing and bond offering would ensure that all the Company’s operations are fully funded with regard to the Company’s business plan to complete several acquisitions and strengthen the Company’s balance sheet and provides additional working capital to accommodate future growth,” said Adesh Tyagi, Chairman & Chief Executive Officer of Systems America. Adesh Tyagi further added that “We have successfully negotiated with several acquisition target companies over the past few months. Based on our negotiations and organic growth, we can demonstrate improved operating cash flow, and are now poised to build upon this foundation going forward.”

About Systems America

Systems America is a premier provider of diversified cloud computing and information technology solutions to commercial and government clients worldwide. We are ranked one of the fastest growing companies with multiple locations around the world. Systems America delivers superior cloud computing, information technology consulting services, and systems and integration services to hundreds of clients worldwide. Building on a core competency of efficient technology infrastructure outsourcing, the company is headquartered in San Ramon, California, United States. For additional information about Systems America, please visit http://www.systemsamerica.com.

Forward-Looking Statements Disclosure

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Systems America, Inc.