SOURCE: Elephant Talk Communications

May 20, 2010 08:30 ET

Elephant Talk Communications' Chief Tells CEOcast.com About Expanding Its Software Platform Operations, Offering a Full Suite of Products and Services

SCHIPHOL, THE NETHERLANDS--(Marketwire - May 20, 2010) - 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 that Chief Executive and Chairman Steven van der Velden was interviewed by CEOcast, Inc. whose on-line programs reach millions of investors worldwide. The interview can be accessed at www.ceocast.com (register and log-on for free) and will be available through Friday, May 28. 

In the CEOcast interview Mr. van der Velden discusses Elephant Talk's plans to expand its software platform operations in Spain and The Netherlands to other countries to provide telecom companies, mobile network operators, banks, supermarkets and other businesses in global markets a complete suite of products and services, enabling them to fully provide telecom services as part of their business offerings. He also talks about the company's Mobile Virtual Network Operating (MVNO) Hosting Agreement with T-Mobile Netherlands BV, a division of the largest telecom operator in Europe, Deutsche Telekom AG  that was announced in May. In addition, he explains why ETAK's subsidiary ValidSoft's proprietary product called VALid-POS for credit and debit fraud-prevention for banks will provide investors an opportunity to participate in combating the $100+ billion worldwide bank fraud crisis. This next generation technology has been recently awarded the European Privacy Seal, which has one of the most stringent certification processes in the world regarding European data privacy and protection law.

Here are some highlights from the interview:

  • ETAK is positioned as an outsource partner for both mobile network operators (MNOs) like T-Mobile and mobile virtual network operators (MVNOs) like Virgin Mobile. ETAK's MVNO Hosting Agreement with T-Mobile is to service a new MNVO initiative of T-Mobile Netherlands on the ETAK Mobile Virtual Network Enabling (MVNE) platform, which has increased functionalities and the ability to integrate new and existing services for customers without having any impact on the systems' connectivity for the end-users. 
  • For ETAK's MNO partners it provides a broad range of applications to the MVNO market, including tele-banking and tele-medicine. ETAK has access to network traffic data essential for routing calls between different network providers and identifying where a phone is located.
  • ValidSoft adds a major dynamic because its solution, VALid-POS, addresses potential fraud in card present (ATM and point-of-sale) using mobile telephony. Currently, credit card companies incorrectly block legitimate transactions on an average of 9-out-of-10 times -- otherwise known as a false-positive. Costs to the card issuers can be more than the actual fraud losses.
  • ValidSoft uses real-time telecommunications technologies to detect fraud as it occurs "invisibly" by using mobile telephony and sophisticated software. Once the fraud is identified, the bank or merchant and customer are instantly notified so they can take immediate action.

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 http://www.elephanttalk.com

About ValidSoft

ValidSoft, a member of Elephant Talk Communications, Inc. (OTCBB: ETAK), 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.

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.

Contact Information

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

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