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Pareteum Awarded $5 Million Contract from Singapore-Based Mobile Solutions Company

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Pareteum Awarded $5 Million Contract from Singapore-Based Mobile Solutions Company

Enabling Mobility and E-Commerce via One Integrated Software Applications View

PR Newswire

NEW YORK, July 24, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE:TEUM), ("Pareteum" or the "Company"), the rapidly growing Global Cloud Software company, delivering award winning mobile enablement solutions, announced today that a Singapore-based provider of worldwide concierge and travel solutions has signed a 3-year $5 million agreement to utilize Pareteum's Global Cloud Services Platform. Through the Pareteum enabling software and mobility platform, our new customer will expand its existing partnerships with Asian airports that facilitate mobile services to enterprise customers.

Pareteum Corporation Logo.

Pareteum's Global Cloud Services Platform (GCSP) solution provides our newest client one fully integrated software applications view, and, will manage their enterprise customers' requirements as they travel and communicate from virtually anywhere, globally. Pareteum, and its award-winning software enablement cloud, were selected by this Singapore customer because of the multiple applications available through a single view interface, which includes end-to-end service, our competitive pricing, platform flexibility, service management and fulfillment capabilities. The service offerings will be monitored, metered, rated, and billed via Pareteum's GCSP. Additionally, Pareteum's e-commerce and self-care solutions will produce the ultimate flexibility for the end user, as well as access to worldwide WIFI options, providing a wider reach in connectivity.

"Pareteum's growth throughout Asia is encouraging. The market potential in the Asian region is exponential and Pareteum aims to claim the large majority of that market, one satisfied client at a time," commented Vic Bozzo, Chief Executive Officer of Pareteum.

Hal Turner, Pareteum's Executive Chairman and Principal Executive Officer, said, "Pareteum's growth has been and will continue to reflect our story of disruption and innovation, bringing choice and flexible solutions for our clients. It is from the TEUM's efforts, expended daily, that we are reaping the business results, and proving the points of our company's attractiveness, both to current and prospective customers and investors. This newest client exemplifies another step in our growth as a company, which is rapidly defining Pareteum as the go to Super API and Global Cloud Software Mobility Enabler, virtually on demand!"

About Pareteum:
The mission of Pareteum Corporation (NYSE:TEUM) is to connect "every person and everything." Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our platform services partners (technologies integrated into our cloud) include: HPE, IBM, Ribbon Communications (Sonus+GenBand), NetNumber, Oracle, Microsoft, and other world class technology providers. All of the relevant customer acquired value is derived from Pareteum's award winning software, developed and enhanced for many years. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. For more information please visit: www.pareteum.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 Pareteum's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum'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 Pareteum 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, Pareteum 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 those projected or suggested in Pareteum's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum Corporation.  

Pareteum Investor Relations Contacts:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
InvestorRelations@pareteum.com

Stephen Hart
Hayden IR
917-658-7878

Carrie Howes
Rayleigh Capital
Dubai- London
T UAE: +971 (0) 55 997 0427 | T UK: +44 (0) 870 490 5443 | T CAN: +1 416 900 3634

 

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SOURCE Pareteum Corporation

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