Quantum Closes MVNO Solution Contract

NEW YORK, November 23, 2011 /PRNewswire/ --

Quantum Telecom Inc. d/b/a Forum Mobile (Nasdaq: QTMI), a global MVNE - provider of network and business support systems for MVNOs - announced today signing new agreement to build and operate virtual mobile network for a large, Israeli based Do-It-Yourself chain MVNO. Forum Mobile expects to launch the new network within 4 months.

Mr. Benny Yehezkel, Exec. VP of Forum Mobile, said: "Proving our ability to rapidly allow MVNOs launch their operations, we are proud to be chosen to set up this new virtual mobile network. Our platform provides customers with a scalable, end-to-end portfolio of telecom solutions and services."

Forum Mobile MVNE platform handles core network capabilities as well as full customer care and billing lifecycle for virtual mobile operators. The platform can be extended and adapted to support multiple MVNOs and their subscribers in any market.

This is the a new MVNO Forum Mobile will be providing services to, following the successful deployment of Forum Telecom Inc. (an affiliate of Forum Mobile) in the US.

"The MVNE and Wireless Management business continues to grow and we are well positioned to expand our business through 2012" said Mr. Ami Segal, Forum Mobile President and Owner of the Forum Group.

About Forum Mobile (http://www.forum-mobile.com)

Quantum Telecom, Inc. d/b/a Forum Mobile is a global Mobile Virtual Network Enabler (MVNE) with International presence in the USA, China, and UK. Forum Mobile provides MVNOs with a turn-key solution portfolio and service needed for their operations, market position and business expansion - starting with infrastructure and IT through MNO agreements, applications and handsets.

About ForumTel (http://www.forumtel.com)

ForumTel, as affiliated company of Forum Mobile, is a leading mobile virtual network operator in the international travel and hospitality marketplace. ForumTel specializes in high quality handsets and international cellular services, and provides global travelers and their agents with the lowest costs available for local, international calling, texting and group travel communications services. ForumTel customers include AssistCard, Virgin Holidays, hotel chains like HYATT (NYSE: H), WYNN (Nasdaq: WYNN), MGM (NYSE: MGM). ForumTel is headquartered in the USA with regional offices around the world.

Forward Looking Statement

This press release contains forward-looking statements concerning our marketing and operations plans. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. All forward-looking statements in this press release are made based on management's current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. These statements involve a number of risks and uncertainties including, but not limited to, risks related to the MVNO market, our ability to successfully market and sell our products in South America, USA and the UK, general economic conditions and other risk factors. We do not undertake any obligation to update forward-looking statements made herein.

Contacts
Yael Greenberg
[email protected]
Tel: +1-212-888-9350

SOURCE Forum Mobile