Elephant Talk Announces Implementation of Two Key Contracts
05 Novembre 2008 - 2:59PM
PR Newswire (US)
SCHIPHOL, Netherlands, Nov. 5 /PRNewswire-FirstCall/ -- Elephant
Talk Communications, Inc. (OTC:ETAK) (BULLETIN BOARD: ETAK) ,
announced that its first Mobile Virtual Network Enabler (MVNE)
platform using the antenna network of T-Mobile became operational
in the Netherlands in September 2008. A second platform is expected
to become operational in Spain in January 2009. Management expects
that a definitive contract will be executed with T-Mobile in the
near future, pursuant to a Heads of Agreement (the "Agreement")
recently signed with one of the main Mobile Network Operators.
Further information with respect to the Agreement is set forth in a
Form 8-K filed with the Securities and Exchange Commission on
September 24, 2008. "We believe this is just the beginning, and we
are very satisfied with our progress," said Steven van der Velden,
Elephant Talk's CEO. "We believe we can now implement our business
plan to accelerate revenues and work toward our objective to
achieve profitability by the third quarter 2009. This relationship
should enable Elephant Talk to put its B-2-B clients, like the
various Mobile Virtual Network Operators (MVNOs), in a position to
operate as full (virtual) telecom suppliers offering combined fixed
and mobile services." He continued: "In addition, the wireless
telecom sector has been exhibiting strong growth, and we believe
this will further assist us in working toward our objectives."
"Elephant Talk is one of the first companies to integrate the
necessary networks and IT technologies to offer MVNOs the means for
Convergent, Personalized, Media, Location-based and Branded
Services, by combining a mix of customer-focused packages that
include networks, CRM, Billing and our IN system through our Full
MVNE setup," said Martin Zuurbier, CTO/COO of Elephant Talk.
Elephant Talk's executive team is scheduled to make a corporate
presentation today at the 2008 RedChip Investment Conference, Nov.
5th, 10 a.m. at the Harvard Club of New York. About Elephant Talk
Communications Elephant Talk Communications is positioning itself
as an international telecom operator and enabler/systems integrator
to the multimedia industry by facilitating the distribution of all
forms of content, as well as mobile and fixed-telecom services, to
global telecommunications consumers. The Company provides
traditional telecom services, media streaming, and distribution
services primarily to the business-to-business (B2B) community
within the telecommunications market. Elephant Talk is also a
systems integrator and developer for mobile telecom and content
distribution solutions; and, as a Mobile Virtual Network Enabler
(MVNE), the Company has positioned itself as the premier
outsourcing partner for both Mobile Network Operators (MNOs) as
well as for Mobile Virtual Network Operators (MVNOs). Elephant Talk
is positioning itself as the preferred MVNE partner of the larger,
global Mobile Operators and currently operates sophisticated
networks in over a dozen markets in Europe, Asia Pacific and the
Middle East. The Company was ranked fifth on the Orange County 2008
Deloitte Technology Fast 50, which ranks companies by percentage
revenue growth over five years. Forward-Looking Statements Certain
statements contained herein constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. 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; however, readers
should review carefully reports or documents the Company files
periodically with the Securities and Exchange Commission. Contact:
At the Company: Steven van der Velden + 31 20 653 59 16
http://www.elephanttalk.com/ Investor Relations: RedChip Companies
Inc. Jon Cunningham 1-800-REDCHIP (733-2447), Ext. 107
http://www.redchip.com/ DATASOURCE: Elephant Talk Communications,
Inc. CONTACT: Steven van der Velden, + 31 20 653 59 16, , Elephant
Talk Communications, Inc.; Investors, Jon Cunningham,
+1-800-733-2447 Ext. 107, , of RedChip Companies Inc., for Elephant
Talk Communications, Inc. Web Site: http://elephanttalk.com/
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