Elephant Talk Communications Expands Into U.S. Through Contract With AirTouch Communications
(Marketwire Via Acquire Media NewsEdge) SCHIPHOL, THE NETHERLANDS -- (MARKET WIRE) -- 12/13/11 -- Elephant Talk Communications Corporation (NYSE Amex: ETAK) (www.elephanttalk.com) has announced that it has signed a contract with AirTouch Communications (OTCBB: ATCH) (www.airtouchinc.com) to provide a Carrier Grade Mobile Services Platform for AirTouch, under a recent agreement for 4G LTE wireless carrier services that AirTouch executed with LightSquared. LightSquared, based in Reston, VA, is a wholesale carrier building a nationwide wireless broadband network.
The announcement was made on the day that Elephant Talk rings the closing bell at the New York Stock Exchange in recognition of the company's listing on the NYSE Amex and it coincides with the growth of Elephant Talk's market penetration to almost 1 million SIMs in Europe, based on similar Mobile Services Platform agreements.
"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 Chairman and CEO Steven van der Velden. "We look forward to expanding our footprint in the United States in conjunction with AirTouch and its partner, LightSquared." Under the agreement with AirTouch, Elephant Talk will provide the implementation of a Mobile Virtual Network Enabler (MVNE) Platform in the United States 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.
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." The AirTouch deal is in addition to a recent hosting agreement whereby Elephant Talk manages the SIMs of one of the largest mobile virtual network operators (MVNO) in Spain. Elephant Talk has recently completed the migration of these SIMs to its Mobile Platform.
"This MVNO is currently active in many European countries where they offer low-cost voice, text and data services, plus low international calling rates. We expect the MVNO will stay ahead of the competition by using our fully integrated mobile platform and all the applications that run on top of it," Mr. van der Velden said.
Mr. van der Velden noted, "This mass migration was completed without the need to replace the subscriber SIM card and brings the number of SIMs Elephant Talk manages to close to 1 million, with more than 800,000 now generating monthly revenue. The migration, to the best of our knowledge, is the largest-ever migration worldwide without swapping out the SIM card. In fact, we believe that we are the only managed services company in the world that has completed such a large process successfully." Mr. van der Velden added, "Elephant Talk's ability to effectively migrate users while achieving a maximum set of low-cost, state-of-the-art functionality, strongly positions us to secure similar contracts in the near term." AirTouch products converge various services including voice, data, video and Internet. 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 FocalPoint products which are and will be sold through various channels.
Using the LightSquared network, AirTouch will offer its own branded wireless connectivity, opening up an important new revenue stream for both companies. Consumers and businesses that purchase AirTouch products can now conveniently sign up for accompanying AirTouch wireless connectivity for those devices. AirTouch will also offer its devices through LightSquared's other wholesale partners.
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.
About ValidSoftValidSoft is a subsidiary of Elephant Talk Communications Corp. (NYSE Amex: 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 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.
Forward-Looking StatementsCertain 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 Corp: Mr. Steven van der Velden Tel: + 31 20 653 59 16 Email Contact www.elephanttalk.com Investors: Alliance Advisors, LLC Thomas P. Walsh Tel: + 1 212-398-3486 Email Contact Source: Elephant Talk Communications
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