Elephant Talk Becomes Pareteum and Appoints CEO

NEW YORK, Oct. 31, 2016 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) (the "Company"), a leading communications technology provider to global Mobile, MVNO, Enterprise and IoT markets, today announced a name change to Pareteum Corporation and the appointment of Vic Bozzo as Chief Executive Officer – both effective November 1, 2016.

As part of the name change, the Company will trade under the new Ticker "TEUM" on the NYSE MKT. The change to the Company's ticker symbol will be effective at the start of trading on Thursday, November 3, 2016. The Company's website (www.elephanttalk.com) has changed to www.pareteum.com and the Company's email addresses will also change accordingly.

These actions, along with the recent sale of its cybersecurity unit, ValidSoft, mark the end of a successful 12-month restructuring effort for the Company.

Pareteum is based on the terms Pareto and Team. Executive management feel principles of both words are imbued in the Company's everyday strategy and tactics.

Prior to joining Pareteum Corporation, Mr. Bozzo served as Senior Vice President, Worldwide Sales and Marketing for Telarix Inc., a market leader in interconnect solutions for service providers. Under Mr. Bozzo's business generation and marketing leadership, sales increased significantly and the company received numerous industry accolades, ultimately leading to a highly successful exit for investors. Prior to joining Telarix, Mr. Bozzo served as President and General Manager of Pac-West's Emerging Technologies division after selling Pac-West his startup, Factor Communications, an innovative portfolio of cloud-based communications services. He was also responsible for significant revenue and customer growth and investor returns at NexTone Communications, ITXC Corporation, and Voxware.

"On behalf of the entire Pareteum organization, I am delighted to welcome Vic Bozzo to our team. Vic's appointment will further establish Pareteum as a market leading force in the global Mobile, MVNO, Enterprise and IoT markets," said Hal Turner, Executive Chairman of Pareteum.

"I am very excited to be joining the Pareteum team at the cusp of a transformation in the telecommunications industry. My goal is to apply the same value-creation principles that led to strong customer and investor satisfaction in my past ventures," said Vic Bozzo, CEO. "Working with Hal Turner, I look to accelerate the momentum that Hal and the Pareteum "Team" have established," he added.

About Pareteum Corporation:

Pareteum Corporation, and its subsidiaries (also referred to as "Pareteum", and "the Company") provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise and IoT markets. For more information please visit: www.pareteum.com.

Forward-Looking Statements:

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to Pareteum's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of Pareteum may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Pareteum also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested in Pareteum's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum.

Investor Relations Contacts:

Steve Gersten
(813)-926-8920
[email protected]

Scott Gordon
CoreIR
(631)-703-4900
[email protected]

SOURCE Elephant Talk Communications Corp.

Related Links

http://www.elephanttalk.com