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PennyStockScholar.com: Elephant Talk Communications, Inc. (OTCBB: ETAK), PSM Holdings, Inc. (OTCBB: PSMH), IceWEB, Inc. (OTCBB: IWEB): Join FREE Today & Get Our Next Big Pick!(M2 PressWIRE Via Acquire Media NewsEdge) To subscribe to this FREE service, visit the Stock Report home page at http://www.PennyStockScholar.com and Sign up Free for "Daily Stock Alerts". ___________________________________________________________________________ Visit: http://www.PennyStockScholar.com for Free "Daily Stock Alerts". ValidSoft Technology Can Prevent Cybercriminals From Cashing In on Their Fraudulent Activities LONDON -- 08/11/11 -- At a time when cybercriminals worldwide are hacking into banks, credit cards, phones, and customer databases, this company has the technology to detect and prevent fraudulent activity in milliseconds, while preserving consumer privacy. ValidSoft (www.validsoft.com), a London-based subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK) (www.elephanttalk.com), has the technology, today, as the U.S. Congress and financial industry groups are considering solutions that are fast, accurate, and protect privacy. "Fast and accurate detection of fraudulent activity, with no inconvenience, embarrassment, or intrusion into consumer privacy, are among the most effective solutions to cyberfraud," said Patrick Carroll, ValidSoft, CEO. "It's impossible to stop all thefts of account data, but it is possible to stop criminals from using information they have stolen. That's where ValidSoft has a valuable role to play." As the U.S. Congress explores solutions to curb cyberfraud, Carroll urged legislators and regulators to consider the European approach that ensures consumer privacy from the outset. With this consideration at the forefront, ValidSoft is the only security company in the world that has been awarded the stringent European Privacy Seal for its Card fraud prevention solution, VALid-POS®, Carroll said. In addition to detecting fraud faster and more accurately, ValidSoft uses real-time, high-precision Proximity Correlation Logic,, that operates at high speed within the transaction authorization, invisibly to the consumer. And, the ValidSoft platform is powerful enough to support up to 400,000 lookups per second. Specifically, how does it work? By correlating the cardholder's mobile phone with the origination of an ATM or Point of Sale (POS) transaction, ValidSoft determines if the cardholder is in proximity to the transaction. If the cardholder's cell phone is in New York but the card is presented in Mexico, it's likely a fraudulent transaction. With respect to privacy, ValidSoft operates an anonymous, encrypted service for which it received the prestigious European Privacy Seal (EuroPriSe). The need for transaction security could not be greater, as pointed out by technology analyst Noah Shactman of the Brookings Institution in a recent Washington Post op-ed: http://www.washingtonpost.com/opinions/a-crime-wave-in-cyberspace/2011/07/21/gIQAYfbIUI_story.html In response to cyber threats, the Obama Administration has sent to Congress its comprehensive cybersecurity proposal. In Congress, judiciary subcommittees in both the U.S. House and Senate have held hearings this year with an eye to finding solutions to cybersecurity and privacy protection. See:http://judiciary.house.gov/hearings/printers/112th/112-38_66541.PDF http://judiciary.senate.gov/hearings/hearing.cfm?id=e655f9e2809e5476862f735da16e1bbe 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). 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 Talkprovides 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). ___________________________________________________________________________ Visit: http://www.PennyStockScholar.com for Free "Daily Stock Alerts". PSM Holdings, Inc. Acquires Fidelity Mortgage, Inc. ROSWELL, N.M., Aug. 10, 2011 -- PSM Holdings, Inc. (OTCBB: PSMH-OB) has completed the acquisition of Fidelity Mortgage Inc., effective August 8, 2011. Fidelity Mortgage is located inGrand Junction, Colorado. At the closing, Fidelity Mortgage, Inc., was merged into UCMC, which is a wholly owned subsidiary of PSMI, and its parent company, PSMH. The principals of Fidelity Mortgage, Mr. James Pulsipher and Mr. Jared Peterson, received 1,785,714 shares of common stock of PSMH for their equity in Fidelity Mortgage. Mr. Pulsipher will also sit on the board of directors of UCMC. In addition, PSMH has signed a letter of intent to purchase FMC Properties, LLC., which is the holding company that owns the Fidelity Mortgage building located at, 700 Belford Avenue, Grand Junction, Colorado. Fidelity Mortgage has been doing business in Grand Junction since 1986. According to the terms of the agreement, Mr. Pulsipher will continue to lead the Grand Junction mortgage operation for PSMI. In addition, the Grand Junction offices will serve as the regional corporate offices and lending center for Prime Source Mortgage. This region consists of current and any new offices in Colorado, Idaho, Utah, Montana, North andSouth Dakota, and Wyoming. Mr. Pulsipher stated, "We believe this new partnership with PSMH will create new opportunities for us and allow us to substantially grow our lending platform. At the same time, we look forward to continuing to provide the world-class service our clients and customers have come to expect." Ron Hanna, CEO of PSMH, stated, "We are so fortunate to bring on a company of the caliber of Fidelity. James, Jared and the rest of their team have taken customer service to a new level and they will significantly to the PSM family and motto of, "We Walk You Home." This acquisition represents one more step in our goal of becoming one of the premier mortgage banking companies in the US." About PSM Holdings, Inc. PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in 19 states across the United States, and oversees the operations of more than 30 branches. For more information, visithttp://www.psmholdings.com. Forward-Looking Statements: Certain statements contained herein, including, without limitation, statements containing the words "believes," "intends" and other words of similar import, constitute "forward-looking statements" within the meaning of Section 7A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2011. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PSM Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. PSM Holdings, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments. ___________________________________________________________________________ Visit: http://www.PennyStockScholar.com for Free "Daily Stock Alerts". IceWEB Unified Storage Systems Selected for Federal Government Cloud Computing Initiative STERLING, Va., Aug. 11, 2011-- IceWEB, Inc. (OTCBB: IWEB), www.IceWEB.com, a leading provider of Unified Data Storage and building blocks for cloud storage networks, announced today that it has been selected to provide its Unified Data Storage platform for three major data centers to be deployed for the Federal Government's new cloud-based services infrastructure. The U.S. Government'sGeneral Services Administration (GSA) is establishing a cloud-based Infrastructure as a Service (IaaS) for federal, state, local and tribal governments, www.apps.gov. IceWEB's Unified Storage Systems will provide these government entities with on-demand cloud storage services. "IceWEB Unified Storage Systems are ideal for GSA's cloud-based service storefront," said Tim McNamee IceWEB Federal Channel Manager. "With literally no limits on the size or types of data, IceWEB Unified Storage Systems are designed to handle evolving and ever-changing complex government customer requirements. By supporting both block and file access with our built-in 128-bit ZFS file system, IceWEBstorage systems have nearly unlimited scalability." According to GSA Associate Administrator of Citizen Services and Innovative Technologies Dave McClure, "Through offerings such as IaaS, GSA is providing governments with easy access to cost-saving, high-value, more efficient technology solutions by doing a major part of the procurement process up front." All IceWEB Unified Storage Platforms are immediately available through the Company's exclusive value-added distributor Promark Technology (800-634-0255). The entire IceWEB product line is available through Promark Technology's GSA Schedule. For more information, please visit www.promarktech.com. About IceWEB, Inc. IceWEB, Inc., headquartered just outside of Washington, D.C. manufactures and markets unified data storage products. For more information, please visit www.iceweb.com. This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," "plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at:http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934, as amended, or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws. ___________________________________________________________________________ About PennyStockScholar.com PennyStockScholar.com alerts traders on stocks that are positioned to uptrend sharply in the near-term by providing in-depth fundamental research and technical chart analysis that could assist in making better decisions from the many emerging Companies that have high growth potential. Penny Stock Scholar disseminates breaking news, press releases, and alerts on the hottest stocks in the penny stock market. PennyStockScholar.com email alert service is a free service provided on our website. 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