SOURCE: Elephant Talk Communications

Elephant Talk Communications

February 09, 2011 04:00 ET

Elephant Talk Announces Framework Agreement With Iskratel

SCHIPOL, THE NETHERLANDS--(Marketwire - February 9, 2011) -  Elephant Talk Communications, Inc. (OTCBB: ETAK) (www.elephanttalk.com), an international provider of business software and services to the telecommunications and financial services industries, announced today a framework agreement with Iskratel (www.iskratel.com). Under the agreement Iskratel will expand Elephant Talk's enhanced convergent global network. 

Iskratel will supply a minimum of 10 multimedia control nodes to Elephant Talk over the next couple of years. The first stage of the agreement, expected to be completed by April 2011, includes the delivery and installation of two telecommunications nodes in Barcelona and Madrid, Spain, worth a total value of EUR 1.2 million. The project will consist of four additional phases in various other Western Europe locations that have high demand telecommunications markets.

Steven van der Velden, Elephant Talk Chairman and CEO, said, "The importance of our partnership with Iskratel for the installation of two new switches extends beyond this deal. The first two switches from Iskratel, in combination with our fully integrated mobile delivery platform, will provide Elephant Talk with a sophisticated capacity to finalize our planned subscriber module migrations in Spain. Elephant Talk expects this migration to have a positive impact on the company's ability to become a cash flow break even operation. This agreement demonstrates Elephant Talk's commitment to expand our server capacity for our existing customers while increasing our capacity for future growth."

Andrej Polenec, Iskratel CEO, said, "Our partnership with Elephant Talk provides proof that our strategic decisions in the field of convergent service delivery platforms are correct. We have managed to design and implement a highly capable and reasonably priced platform for the most demanding markets. Our rich experience in mobile and fixed networking guarantee quality and rapid deployment."

Iskratel, based in Kranj, Slovenia, is a leading developer of adapted and highly integrated solutions in the field of communications for fast-growing convergent networks. The high quality of its advanced high-technology networking elements and infrastructure configurations makes the company one of the key innovators of such technologies. By integrating its experience and know-how with creativity and innovations, Iskratel meets the demands of existing network support and develops convergent IP-architectures that can be adapted to the particular regional needs and to subscribers' preferences. The company has about 1,100 employees, with about 300 of them working in affiliated companies in 20 countries around the world. Iskratel offers integrated solutions in telecommunications for fixed telephone communications, mobile telephony, convergent IP networks and network management.

Martin Zuurbier, CTO of Elephant Talk said, "Based on our agreement with Iskratel, we are able to stay ahead of the competition by shaping our network to the latest IMS / All IP and convergent technology. We intend to implement at least 10 MSCN's (Multi Service Control Nodes) class 4 and class 5 from Iskratel to expand our current switches. Our leading-edge, full-convergent mobile platform with all mobile systems required, such as HLR, SMSC, MMSC, GMSC, STP, GGSN, SGSN and more, will be fully integrated. By doing this, we will increase our scalability and reliability and can perform more cost effectively, regardless of telecom services or verticals. The total conglomerate of network and systems will support various industries like banks and financial institutions, telcos, retail chains, and media companies all over the world. We will begin deployment this month."

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.

About Iskratel

Iskratel is a leading developer of adapted and highly integrated solutions in the field of communications for fast-growing convergent networks. The high quality of its advanced high-technology networking elements and infrastructure configurations makes the company one of the key innovators of such technologies. By integrating its experience and know-how with creativity and innovations, Iskratel meets the demands of existing network support and develops convergent IP-architectures that can be adapted to the particular regional needs and to subscribers' preferences. The company has about 1,100 employees, with about 300 of them working in affiliated companies in 20 countries around the world. Iskratel offers integrated solutions in telecommunications for fixed telephone communications, mobile telephony, convergent IP networks and network management.

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.

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