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AirTouch Signs Letter of Intent With Elephant Talk for Carrier Grade Mobile Services Platform(Marketwire Via Acquire Media NewsEdge) NEWPORT BEACH, CA -- (MARKET WIRE) -- 12/13/11 -- AirTouch Communications (OTCBB: ATCH) (www.airtouchinc.com) has announced that it has signed a Letter of Intent with Elephant Talk Communications Corporation (NYSE Amex: ETAK) (www.elephanttalk.com) for the implementation of a Mobile Virtual Network Enabler (MVNE)Platform in the United States connected to the Mobile Network of the LightSquared 4G LTE network. The agreement stipulates that Elephant Talk will provide a full Mobile Virtual Network Enabling system that includes a Gateway Support Network (GGSN), IN Intelligent Networking Platform, a Customer Relationship Management platform (CRM), a Full Rating & Billing Platform and a STP/Signaling Platform for AirTouch to launch its services in the United States. It is estimated that a definitive agreement between parties will be reached shortly. Hide Kanakubo, AirTouch CEO, said, "We are extremely pleased to be affiliated with Elephant Talk, which has a strong, international track record of providing its partners with a full suite of integrated support coupled with cutting-edge technology, all at affordable rates. This is a step for AirTouch to be a cost effective provider of mobile phone services directly to our customers with 4G LTE service from LightSquared and all transactions enabled by Elephant Talk." "Elephant Talk offers many advantages to our partners, such as an established and proven record in several deployment models and geographies, integrated organization, flexibility, and lower total cost of ownership, avoiding awkward, expensive hardware upgrades and software licensing renewals," said Elephant Talk CEO Steven van der Velden. "We look forward to expanding our footprint in the U.S. in conjunction with AirTouch and its partner, LightSquared." AirTouch products converge various services including voice, data/Internet, security services and video over the cellular network. AirTouch provides next generation, high-performance, consumer friendly cellular cordless telephone technology and wireless signal amplification products to businesses and consumers. These include its cell@home, HomeConnex, UFO and Focal Point products which are and will be sold through various channels. Using the LightSquared network, AirTouch intends to offer its own branded wireless connectivity, opening up an important new revenue stream. Consumers and businesses that purchase AirTouch products will be able to conveniently sign up for accompanying AirTouch wireless connectivity for those devices. AirTouch plans to offer its devices through LightSquared's other wholesale partners as well. AirTouch intends to offer a variety of home/office/small PBX wireless communication equipment to truly converge various services on one hardware platform and offer many applications distinctively dedicated for home/office applications. Elephant Talk's proprietary software will enable AirTouch to offer embedded PBX solutions without deploying an expensive hardware platform. About AirTouch® Communications AirTouch® Communications, Inc. is engaged in the development and marketing of patented telecommunications devices capable of converging voice, data, video, security, entertainment and other advanced communications services from various service providers on one piece of hardware. We currently hold three patents for our unique combination of cordless telephone technology and wireless signal amplification which enables consumers and business to access voice, data, and other applications and services over the cellular wireless network. For further information about AirTouch Communications, please visit the web site: www.airtouchinc.com. About Elephant Talk CommunicationsElephant Talk Communications Corp. (NYSE Amex: 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. Forward-Looking Statement This press release contains forward-looking statements. These statements relate to future events or our future financial performance, including but not limited to statements regarding the success of our relationships with LightSquared and Elephant Talk, the future distribution and sale of our telecommunications devices and mobile phone services, the demand for our telecommunications devices and mobile phone services in the U.S., and our ability to obtain purchase orders from U.S. carriers. These statements involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements including but not limited to the absence of any purchase orders, agreements or commitments at this time on the part of any carrier to purchase our telecommunications devices, risks relating the implementation and start-up of our mobile phone services via LightSquared and Elephant Talk, the risk that our telecommunications devices and mobile phone services may not be accepted by the U.S. market and markets in other developing countries and those other risks set forth in our registration statement on Form S-1 filed with the SEC on September 29, 2011. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. We undertake no obligation to update any of the forward-looking statements after the date of this release to conform those statements to reflect the occurrence of unanticipated events or otherwise, except as required by applicable law. CONTACT: AirTouch® Communications, Inc. Jerome Kaiser CFO (949) 825-6570 Email Contact www.airtouchinc.com Investor Relations: Alliance Advisors, LLC Alan Sheinwald 914-669-0222 Email Contact Source: AirTouch Communications |