SOURCE: Elephant Talk Communications

Elephant Talk Communications

October 11, 2011 04:11 ET

Elephant Talk and SpeakUp Sign a MVNO Contract

SpeakUp Will Bring a New Range of Mobile and Converged Services to Businesses

SCHIPHOL, THE NETHERLANDS--(Marketwire - Oct 11, 2011) - Elephant Talk Communications Corp. (OTCBB: ETAK) (www.elephanttalk.com), an international provider of business software and services to the telecommunications and financial services industries, today announced that it has signed a Mobile Network Virtual Operator (MVNO) agreement with SpeakUp.

SpeakUp is a Netherlands-based company whose telecom infrastructure covers the Netherlands, as well as Germany, Belgium, and the UK. With the support of Elephant Talk's infrastructure, SpeakUp will offer a new range of innovative services by combining both fixed and mobile functionalities. These new services will bring flexibility and innovative services to business customers. SpeakUp will target the small and medium enterprise market to offer high-quality, fully integrated fixed and mobile flexible services that are easy to use for business customers.

Florian Overkamp, SpeakUp's CEO, said, "SpeakUp has always offered innovative telecommunications services to the corporate market. This new step toward increasing our product offering in the mobile market is a logical one. Investing in the seamless integration between the networks of SpeakUp and Elephant Talk will allow SpeakUp to expand its value propositions and allow customers to be sure of optimal reachability and ease of use, wherever they are located."

Steven van der Velden, Elephant Talk CEO, commented, "The partnership between SpeakUp and Elephant Talk opens a new suite of fully converged fixed-mobile service to the business market. This is a very promising extension of the Elephant Talk service offering, bringing an extended range of innovative functionalities to a new market segment. It is expected that SpeakUp will introduce these services in all markets where Elephant Talk will be active as a Mobile Virtual Network Enabler."

The functionalities of the fixed network that was built by SpeakUp have already resulted in a significant installed base of landline customers. These functionalities will be combined with the innovative services of the mobile virtual platform of Elephant Talk. For a business customer, the difference between a landline and mobile phone will disappear and the business customer will have access to all, fully converged functionalities whether they originate from the former fixed environment or the mobile environment. As a result, a business customer will have access to easy-to-use functionalities that are enabled through fixed-mobile cloud services but without heavy investments.

About SpeakUp

SpeakUp was founded in 2003 and specializes in telecommunications technology. Value added services and corresponding developments for business-to-business services are the core business of the company. The telecom infrastructure of SpeakUp covers the Netherlands, Germany, Belgium, and the UK. Services by SpeakUp are offered in the business segment by ASP's, ISP's and other telephony carriers.

SpeakUp increases the freedom and the flexibility of telecommunication by using the voice over IP (VOIP) protocol. The company serves the business market in an open and transparent way, through partnerships with advanced IP-telephone service providers.

About Elephant Talk Communications
Elephant Talk Communications Corp. (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), (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).

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.

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