SOURCE: Elephant Talk Communications

Elephant Talk Communications

September 22, 2011 08:45 ET

Elephant Talk Announces Results of Its Annual Meeting of Stockholders

SCHIPHOL, THE NETHERLANDS--(Marketwire - Sep 22, 2011) - Elephant Talk Communications, Inc. (OTCBB: ETAK) (the "Company") (www.elephanttalk.com), an international provider of business software and services to the telecommunications and financial services industries, announced today the results of its Annual Meeting of Stockholders held on September 14, 2011.

At the close of business on July 21, 2011, the record date for the 2011 Annual Meeting, there were a total of 105,048,287 shares of Common Stock outstanding and entitled to vote. At the 2011 Annual Meeting, 82,945,010 or 79% of the outstanding shares of Common Stock entitled to vote were represented by proxy or in person and, therefore, a quorum was present. The vote on the proposals presented for stockholder vote at the 2011 Annual Meeting was as follows:

  • All of the seven (7) nominees for directors were elected to serve until the 2012 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified.
  • The approval of the Company's change in corporate domicile from California to Delaware was approved by the stockholders.
  • An amendment to the Company's 2008 Long-Term Incentive Compensation Plan was approved by the stockholders.
  • The appointment of BDO Seidman LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2011 was ratified and was approved by the stockholders.

The final voting results for each of the proposals voted on at the annual meeting will be reported on a Current Report on Form 8-K, in accordance with the rules of the Securities Exchange Commission.

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).

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