Pareteum Awarded $6 Million Contract from Asia Service Provider

NEW YORK, July 11, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), ("Pareteum" or the "Company"), the rapidly growing Cloud Communications Platform company, announced today that an established Asia full-service provider of enterprise and consumer telecommunication services has chosen the Pareteum Global Cloud Service Platform to extend their service offering globally.

The customer currently provides Global Data Service throughout China for enterprise, consumer and data center customers. This three-year contract will empower the client to add IoT (Internet of Things) capability and a global mobile connection. With Pareteum's widely growing Application Programming Interface (API), they will be able to add mobility services directly to their customer's Banking, Social Media, Call Centers, and consumer facing applications, in addition to providing a new offering that includes mobile services for their customers heading to Europe and the United States. These new bundled service packages will include: global data services, voice and SMS. Pareteum's GCSP will enable access to a single source solution for metering, rating, provisioning and delivery, as well as billing and collection services from both their existing customer base and new markets.

"It is very encouraging each time Pareteum wins a new Agreement with an established provider. It is a clear demonstration that Pareteum's solution will take what they have already been offering, streamline and make it seamless, and provide secure turnkey software solutions for all their needs wherever they are through a single view," commented Vic Bozzo, Chief Executive Officer of Pareteum.

Hal Turner, Pareteum's Executive Chairman and Principal Executive Officer, stated, "Pareteum's focus on making the complex less cumbersome is being recognized by established providers. These providers turn to our solutions for new product offerings and the expansion of their existing product offerings. 'Tell us what you need, let us design and implement' an innovative way to facilitate growth in volume and revenue."

About Pareteum:
The mission of Pareteum Corporation (NYSE American: TEUM) is to connect "every person and everything." Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our platform services partners (technologies integrated into our cloud) include: HPE, IBM, Ribbon Communications (Sonus+GenBand), NetNumber, Oracle, Microsoft, and other world class technology providers). All of the relevant customer acquired value is derived from Pareteum's award winning software, developed and enhanced for many years. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. 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 Corporation.  

Pareteum Investor Relations Contacts:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
[email protected]

Stephen Hart
Hayden IR
917-658-7878

Carrie Howes
Rayleigh Capital
Dubai- London
T UAE: +971 (0) 55 997 0427 | T UK: +44 (0) 870 490 5443 | T CAN: +1 416 900 3634

SOURCE Pareteum Corporation

Related Links

http://www.pareteum.com

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