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Pareteum Awarded New $3.5 Million 3-Year Contract Extension in Brazil

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Pareteum Awarded New $3.5 Million 3-Year Contract Extension in Brazil

Pareteum's Global Cloud Expands Connectivity for Travel SIM Provider

PR Newswire

NEW YORK, July 26, 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 its existing customer, a Brazilian-based Mobile Service Provider, has chosen Pareteum's Global Cloud Solution Platform (GCSP) to empower their expanding global offering.

Pareteum Corporation Logo.

Pareteum's Global Cloud Solutions Platform provides our client an integrated software application view for safely and securely managing their global traveler customers. The Brazilian-based company will now use Pareteum's GCSP to provide mobile airtime connectivity, specifically designed for their customers' use when traveling to the United States. Pareteum's Insights Engine will provide metrics and data as customer preferences are identified, designing new product offerings, based off that information. End-customers will recognize higher-value local connectivity options provided at lower costs, as opposed to standard international roaming fees.

Vic Bozzo, CEO of Pareteum, stated, "Pareteum's customers continue to re-invent their business model based on the profitability from our Platform Solution. Recognizing customer needs and rising to the challenge of meeting those needs is a role Pareteum heartily embraces."

Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum, commented, "Buying more services from us is the very best testament to customer service received and value derived. As our customers succeed it is a true sign that we together have chosen well. Pareteum is creating, designing, and building software solutions in our enablement cloud to meet the current and ever-growing demands of the marketplace. It is during this process that we are helping our customers write their success stories with relentless forward motion."

About Pareteum
Pareteum Corporation (NYSE:TEUM) is a rapidly growing global Cloud Communications Platform company with a mission 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 leading global Cloud software, delivering award-winning mobile enablement, regardless of the user's location or network. 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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