SOURCE: Elephant Talk

Elephant Talk

August 25, 2010 04:00 ET

Elephant Talk Communications' CEO Sees "Telco-In-A-Box" Operational on Three Continents With Five Mobile Network Operators

SCHIPHOL, THE NETHERLANDS--(Marketwire - August 25, 2010) -  Elephant Talk Communications, Inc. (OTCBB: ETAK) (www.elephanttalk.com), an international provider of business software and services to the telecommunications and financial services industries, is in serious discussions to partner with some of the world's largest mobile network operators (MNO's). The Netherlands-based company expects that its mobile "Telco-In-A-Box" telecom platform will be operational on at least three continents with at least five operators within the next 12 to 18 months, stated Steven van der Velden, Chief Executive Officer and Chairman. He made these comments in a recent interview with CDTV.net (www.cdtv.net), a New York-based online financial network hosted by John Hanna. The interview is also posted on YouTube: http://www.youtube.com/watch?v=QE9sS0Uue6g

Mr. van der Velden explained that Elephant Talk's mobile telecom platform, an integrated system that is cost-effective, simple and flexible to operate, is already growing in popularity with its current customers in the Netherlands and Spain. The company will host a new Mobile Virtual Network Operating (MVNO) initiative with T-Mobile Netherlands BV, a division of Europe's largest telecom operator, Deutsche Telekom AG, using Elephant Talk's Mobile Virtual Network Enabling (MVNE) platform. The new initiative for T-Mobile's retail customers is expected to go live in early September.

He also discussed Elephant Talk's other current MVNE agreement with Vizzavi Spain, part of the Vodafone Group. Final regulatory issues have been cleared to start migrating substantial MVNO traffic in Spain onto the Elephant Talk MVNE Platform, starting in September.

As a consequence of these developments, he expects Elephant Talk to host some 700,000 subscriber SIM cards over the next six to nine months. 

Mr van der Velden also talked about ValidSoft Limited (www.validsoft.com), Elephant Talk's security software subsidiary that offers the best-in-class solution to combat the global $250 billion+ annual cross-border and domestic, card-present, credit/debit card fraud problem. The company provides sub-second identity verification, fraud prevention and false/positive reduction for credit and debit card ATM and POS (point-of-sale) transactions. ValidSoft's VALid-POS location-based technology has successfully completed trials with two major banks and the company is currently working on converting them into licensed customers. Extensive pilots have demonstrated that when VALid-POS technology is applied to banks' payment systems, false/positives are reduced by over 90%, which represents a huge cost savings.

ValidSoft's unique telecom-based technology presents the only integrated product set that provides both card-based and electronic fraud prevention and authentication solutions, he noted.

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 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 ValidSoft

ValidSoft is a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK), 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 consumers and institutions (Mutual Authentication), and the integrity of transactions (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.

Forward-Looking Statements

Certain 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 Information

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    Elephant Talk Communications Inc
    Miss Claire Hope
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