SOURCE: Elephant Talk Communications

Elephant Talk Communications

Elephant Talk Communications

September 14, 2011 08:07 ET

Elephant Talk CEO Will Describe Company's Achievements at Its 2011 Annual Shareholder Meeting

SCHIPHOL, THE NETHERLANDS--(Marketwire - Sep 14, 2011) - Elephant Talk Communications, Inc. (OTCBB: ETAK) (the "Company") (http://www.elephanttalk.com/), an international provider of business software and services to the telecommunications and financial services industries, announced today that President and CEO Steven van der Velden will describe the company's achievements at its 2011 Annual Shareholder Meeting. "We have a very positive story to tell," said van der Velden. "Both Elephant Talk and our ValidSoft subsidiary have boosted respectively mobile and cloud security revenues, made important new agreements, and demonstrated that our platforms and technology provide crucial services to a variety of industries. We expect our growth to continue through 2012 and beyond."

The Annual Shareholder Meeting will take place at 9 AM on Sept. 14, 2011 in NYC at the offices of Ellenoff, Grossman & Schole, LLP. Patrick Carroll, CEO of ValidSoft (www.validsoft.com), will also be present, detailing his company's successes, as well as advances in cyber-security measures.

Among the achievements that van der Velden will highlight:

  • Increase in revenues for Elephant Talk's mobile and cloud security services.
  • An agreement between Elephant Talk and Your Card B.V., a Mobile Virtual Network Operator (MVNO) serving the Dutch market. Using Elephant Talk's sophisticated platform, Your Card B.V. is launching a pre-paid calling card that will turn a mobile phone into a mobile wallet, while providing many other services.
  • A joint venture with MECO Holding AG (www.mecogroups.com) to launch mobile virtual network enabler (MVNE) platforms in the UK, Europe, and Canada. "This agreement moves us toward our goal of providing Elephant Talk services worldwide," explained van der Velden.
  • An agreement with Zain Saudi Arabia to deliver and manage mobile services for Zain Saudi Arabia and Zain mobile brands in the Kingdom of Saudi Arabia.
  • The positioning of Elephant Talk as a leading Mobile Virtual Network Enabler (MVNE), with around 1 million sims under management at the end of the year. "We expect to be operational in at least 15 markets within the next few years," added van der Velden.
  • A partnership between ValidSoft and Adeptra, which provides communications for services, fraud processing, marketing, and collections for major credit card companies and other customers. "The partnership highlights ValidSoft's position as the leading provider of fraud prevention solutions in the financial services industry," said van der Velden.
  • The award of a second European Privacy Seal to ValidSoft. This new seal certifies that the company's VALid-4F™ solution meets the highest privacy standards. ValidSoft believes it remains the only Security Software Company in the world to be certified to EuroPriSe standards.
  • Filing of important patent applications for ValidSoft's SIM Card Swap detection and Call Forward Detection.
  • The successful completion of a major trial with a leading international financial institution. In the trial, ValidSoft achieved for the first time a 100% success in the identification of both legitimate and fraudulent transactions.

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), (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. 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

  • Contact:
    Elephant Talk Communications, Inc.
    Mr. Steven van der Velden
    Tel: + 31 20 653 59 16
    Email Contact
    www.elephanttalk.com

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

    ValidSoft:
    Emmanuelle Filsjean
    Tel: +44 (0)20 3170 8999
    Email: Email Contact