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Elephant Talk Communications Confirms Prediction for Brazil MVNO Market(Market Wire Via Acquire Media NewsEdge) SCHIPHOL, THE NETHERLANDS -- (MARKET WIRE) -- 06/01/11 -- Elephant Talk Communications, Inc. (OTCBB: ETAK) (www.elephanttalk.com), an international provider of business software and services to the telecommunications and financial services industries, is confirming a prediction that mobile virtual operators (MVNOs) in Brazil should have at least 16 million customers by 2015 and $1 billion in new revenues for traditional MVNO operators. The forecast was made by Nelson Campelo, Latin American director of Nokia Siemens during his presentation at the Business IT South America (BITS 2011) conference. See: http://wirelessfederation.com/news/75708-16-million-customers-in-brazil-by-2015-predicted-for-mvnos/ "This prediction demonstrates the foresight of Elephant Talk in signing a Memorandum of Understanding (MOU) in January, 2011 with Cleartech to become its Mobile Virtual Network Enabler (MVNE) partner in Brazil," said Steven van der Velden, Chairman and CEO of Elephant Talk. "We made this partnership at a time when many large companies in Brazil, such as banks and financial institutions, retail chains, media companies, and alternative carriers were assessing their opportunities to enter the market as an MVNO." Cleartech is a joint venture by the leading Brazilian IT companies HP, CPqD and DBA Engenharia. It serves as a clearinghouse for telecom companies in Brazil and manages number portability and interconnection billing and services shared by telecom operators in Brazil. Elephant Talk will provide cost-effective, flexible solutions to operate infrastructure services to the growing marketplace of Mobile Virtual Network Operators (MVNOs) in Brazil and their end-user customers. Elephant Talk's technology reduces over 20 telecommunication systems to just one platform for all MVNE/MVNO process domain areas. The software provides the ability in Brazil to use the combination of Elephant Talk's product portfolio that includes value-added ValidSoft technology in the battle field of credit card, fraud security and voice biometrics. ValidSoft, Inc. (www.validsoft.com), a wholly-owned subsidiary of Elephant Talk, is a market leader in providing authentication and transaction verification solutions to counter electronic fraud in the card, internet, and telephone channels. ValidSoft is the first security software company to be granted the rigorous European Privacy Seal by EuroPriSe. Brazil is estimated to be among the fastest growing emerging global economies and is considered to be one of the largest potential MVNO markets. Experts believe the Brazilian MVNO market has the potential to grow to between 20 and 50 million mobile clients in a 10-year-period. Elephant Talk and its established local partner, Cleartech, plan to leverage their strengths in IT and software services to obtain substantial market share in the evolving Brazilian market. The strategic partnership with Cleartech is important to Elephant Talk's vision of deploying its next-generation mobile telecom platform to approximately 7 to 10 countries by year end of 2012. Cleartech, CPqD, Elephant Talk and ValidSoft will jointly host a conference on "Security Challenges and the MVNO" on June 9 in Sao Paulo, Brazil to further introduce the capabilities of the joint venture, and more specifically the MVNE platform and all the build-in transaction security elements, to interested Brazilian companies. At this conference ValidSoft CEO Patrick Carroll will speak on the topic, "Competitive differentiation through Security." In addition, Martin Zuurbier, Elephant Talk CTO will speak on the topic, "How a comprehensive MVNE Platform can help to achieve business objectives" at the conference. 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 the Company's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company'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 the Company 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, the Company 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 that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC), copies of which are available from the SEC or may be obtained upon request from the Company. About Elephant Talk Communications Elephant Talk Communications, Inc. (OTCBB: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information, visit (www.elephanttalk.com). About ValidSoft ValidSoft is a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK), (www.elephanttalk.com) and is a market leader in providing solutions to counter electronic fraud relating to card, the internet, and telephone channels. ValidSoft's solutions are at the cutting edge of the market and are used to verify the authenticity of both parties to a transaction (Mutual Authentication), and the integrity of the transaction itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy to use and intuitive. For more information, please visit (www.validsoft.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 the Company's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company'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 the Company 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, the Company 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 that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC), copies of which are available from the SEC or may be obtained upon request from the Company. Contact: Elephant Talk Communications, Inc. Mr. Steven van der Velden Tel: + 31 20 653 59 16 Email Contact www.elephanttalk.com Investor Relations: Alliance Advisors, LLC Thomas P. Walsh Tel: + 1 212-398-3486 Email Contact Source: Elephant Talk Communications |