SOURCE: Elephant Talk Communications

Elephant Talk Communications

September 30, 2010 04:00 ET

Adam Epstein of Third Creek Advisors to Advise Elephant Talk Communications' Board of Directors

SCHIPHOL, THE NETHERLANDS--(Marketwire - September 30, 2010) -  Elephant Talk Communications, Inc. (OTCBB: ETAK) (www.elephanttalk.com), an international provider of business software and services to the telecommunications and financial services industry, announced today that it has retained Adam Epstein, through his firm Third Creek Advisors, LLC (TCA) (www.thirdcreekadvisors.com), to advise its board of directors. Mr. Epstein is the founding principal of TCA, a San Francisco-based advisory firm that provides corporate finance and capital markets guidance to small-cap companies.

"Adam Epstein brings a new dimension to Elephant Talk's business strategy, and we welcome his broad expertise with corporate finance, capital markets, and corporate governance issues. Mr. Epstein has financed and advised countless growth companies, and as we seek to qualify for and move to either the NASDAQ or NYSE Amex his perspective will be highly complementary to that of our board," said Steven van der Velden, Chairman and Chief Executive Officer of Elephant Talk.

Prior to founding TCA, Mr. Epstein co-founded and was a principal of Enable Capital Management, LLC (ECM), an investment firm that provides financing to publicly-traded growth companies. During his tenure, ECM's funds undertook in excess of 500 equity, convertible, and debt financings totaling $1 billion for issuers in the United States, the European Union, and Australia. Mr. Epstein was primarily responsible for deal origination, operational and legal due diligence, and assisting with structuring and managing investments. He was a member of the firm's investment committee, and often represented the firm on panel discussions at both capital markets and venture capital industry conferences.

Before ECM, Mr. Epstein held senior operating roles with Enable Capital, LLC, a merchant bank; Surge Components, Inc., a vendor of discrete capacitors and semiconductors; MailEncrypt, Inc., a provider of encrypted email services; Tickets.com, Inc., an entertainment ticketing company; and Achilles' Wheels, Inc., an operator of skate and snowboard retail locations. He began his career as an attorney at Brobeck, Phleger & Harrison, after having served as a law clerk at Willkie Farr & Gallagher.

Mr. Epstein has appeared on CNN and ABC News, was featured on the cover of The Wall Street Journal, and has lectured and written extensively about law, entrepreneurship, corporate finance, and technology. Mr. Epstein earned a Juris Doctor from Boston University, and a Bachelor of Arts, cum laude, from Vassar College.

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 enable 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 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 Elephant Talk Communication Inc'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

  • Contact:
    Elephant Talk Communications Inc.
    Claire Hope
    Manager PR & Marketing
    Tel: + 44 (0) 20 31708125
    Email Contact

    Investors:
    Alliance Advisors, LLC
    Thomas P. Walsh
    Tel: + 1 212-398-3486
    Email Contact