Elephant Talk Communications Retains Dawson James Securities as Advisor to Evaluate Strategic Options for ValidSoft UK Ltd.

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Sep 30, 2015, 04:05 ET

NEW YORK, Sept. 30, 2015 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) ("Elephant Talk" or the "Company"), a global provider of Software Defined Network Architecture (ET Software DNA® 2.0) platforms and cyber security solutions, today announced that it has retained Dawson James Securities, Inc. as advisor to the Special Committee of the Board of Directors in connection with the previously announced plan to evaluate strategic alternatives designed to maximize stockholder value with respect to its wholly owned subsidiary, ValidSoft UK Ltd.

ValidSoft's logo.

Formed in August of this year, the Special Committee consists of Board members Mr. Carl Stevens (Chairman of the Committee), Mr. Yves van Sante and Mr. Steven van der Velden, Elephant Talk's Chairman of the Board and Chief Executive Officer. The Committee retained Dawson James to evaluate the current options and to conduct necessary due diligence on behalf of Elephant Talk.

Mr. Carl Stevens, Special Committee Chairman, stated, "Since we formed the Special Committee, we have been working to review the strategic options in relation to ValidSoft. Although no assurances can be given that a transaction will be completed, the Board believes that it is prudent to now retain a qualified advisor to assist it in evaluating the merits of the various options available to Elephant Talk as we seek to maximize shareholder value. We look forward to working with the team at Dawson James to explore all options and report back to our shareholders in a timely fashion."

About Dawson James Securities, Inc.
Dawson James Securities, Inc., a member of FINRA/SIPC, is a full-service investment banking firm dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple emerging growth sectors. For more information, please visit www.dawsonjames.com.

About Elephant Talk Communications Corp.:
Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a global provider of mobile proprietary Software Defined Network Architecture (ET Software DNA® 2.0) platforms for the telecommunications industry. The Company empowers Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs), Enablers (MVNEs) and Aggregators (MVNAs) with a full suite of applications, reliable industry expertise and high quality customer service without the need for substantial upfront investment. Elephant Talk counts several of the world's leading MNOs and technology companies amongst its customers and partners, including Vodafone, T-Mobile, Zain, HP and Affirmed Networks. Visit: www.elephanttalk.com.

About ValidSoft UK Ltd.:
ValidSoft, a subsidiary of Elephant Talk Communications Corp., secures transactions using personal authentication and device assurance. We enable our customers to enhance their security while improving their user experience, utilising our multi-factor authentication platform, Voice Biometric engine and Device Trust technology, all of which may be used as 'stand-alone' or integrated into multi-vendor solutions. ValidSoft serves multiple clients across the financial services, government and enterprise sectors and is the only company to have been granted four European Privacy Seals, reflecting its commitment to strong data privacy. Visit: www.validsoft.com.

Cautionary Note Regarding 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 Elephant Talk's plans and objectives, projections, expectations and intentions (including, without limitation, Elephant Talk's plans regard its ValidSoft subsidiary). These forward-looking statements are based on current expectations, estimates and projections about Elephant Talk'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 Elephant Talk 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, Elephant Talk 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 Elephant Talk's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Elephant Talk.

Contacts:

Investor Contact:
Alan Sheinwald or Valter Pinto
Capital Markets Group, LLC
(914) 669-0222
[email protected]
www.CapMarketsGroup.com

Public Relations:
Michael Glickman
MWGCO, Inc.
917-397-2272
[email protected]

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SOURCE Elephant Talk Communications Corp.