Universal mCloud Appoints Campbell Deacon to Board of Directors

Brings Extensive Canadian and International Capital Markets Experience

VANCOUVER, Nov. 2, 2017 /CNW/ - Universal mCloud Corp. (TSX-V: MCLD) ("mCloud" or the "Company"), a leading provider of IoT-connected, asset-care technology solutions, today announced that Campbell ("Cam") Deacon has been appointed to its Board of Directors, replacing Josh Raffaelli, effective immediately.  Mr. Deacon is the former Chair of Echelon Wealth Partners.

Mike Allman, Chairman of the Board stated: "We are very pleased to have Cam Deacon join us as our lead independent director and we look forward to the depth of expertise that he brings to the table for us, particularly in regard to our growth plans in China."

Allman continued: "On behalf of the entire Board of Directors and management of mCloud, I would like to thank Josh for his strong contributions, and we wish him the very best in his new role with Brookfield."

Mr. Deacon is the former Chair of Echelon Wealth Partners, and is currently Chief Executive Officer & Executive Director of PetroMaroc Corporation, and an Independent Director of Pool Safe Inc.  Mr. Deacon is a former Chairman of Azure Dynamics Corporation, founding CEO and subsequent Director of UTS Energy Corporation, founding Chairman & Chief Executive Officer of Deacon Barclays De Zoete Wedd Ltd, a former Chairman of the Investment Dealers Association of Canada and former Governor of the Canadian Investor Protection Fund.

Canada's technology sector is a major economic driver and will continue to grow in global importance.  Mr. Deacon stated: "This is a very exciting time to be a part of the tech community in Canada, and I believe it's still early days.  mCloud is a leading player in the emerging IoT space, and it is an honour to be selected to join its Board of Directors.  Furthermore, with the Company placing an increasing focus on China as a major growth opportunity, I look forward to contributing my experience as the Board utilizes its best efforts to help CEO Russ McMeekin and the entire management team execute the mCloud corporate strategy and build shareholder value."

About Universal-mCloud Corp.

Universal mCloud Corp. ("mCloud") is headquartered in Vancouver, BC with technology and operations centers in San Francisco, CA and Bristol, PA. mCloud is an IoT connected asset care cloud solution company utilizing connected IoT devices, leading deep energy analytics, secure mobile and 3D technologies that rally all asset stakeholders around an Asset-Circle-of-Care™, providing complete real‐time and historical data coupled with guidance and advice based on deep analytics and diagnostics resulting in optimal performance and care of critical equipment. It's all about the asset. The powerful and secure AssetCare™ environment is accessible everywhere, 24/7 through standard mobile devices, ruggedized headsets, and web browsers. For more information, visit www.mCloudCorp.com.

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SOURCE Universal-mCloud Corp

Justin Canivet, NATIONAL | Equicom, T: 416-586-1942, [email protected]; Russ McMeekin, Chief Executive Officer, Universal mCloud Corp., T: 415-378-6001