Update: Elephant Talk Announces Implementation of Two Key Contracts
05 Novembre 2008 - 6:39PM
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 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 ETAK 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 at the upcoming 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, ; or
Investor Relations, Jon Cunningham of RedChip Companies Inc.,
+1-800-REDCHIP, (733-2447), Ext. 107, Web Site:
http://elephanttalk.com/
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