Market Overview

KonaTel Acquires IoT & CPaaS Provider Apeiron Systems


Acquisition Strategically Positions Company as Premier Provider for
Real-Time Business Communications Services and Further Enhances Service

KonaTel, Inc. (OTC:KTEL) (,
a voice/data communications holding company, today announced the
acquisition of Apeiron Systems, Inc. (,
a provider of real-time voice/data business communications services,
including cloud-based Communications Platform as a Service (CPaaS) and
Internet of Things (IoT) services.

The acquisition of Apeiron Systems allows KonaTel to execute a robust
"as a service" cloud communications strategy (CPaaS/UCaaS/CCaaS/PaaS)
built on an Application Programming Interface (API) strategy. Through
its APIs and advanced web management dashboard, Apeiron's control center
supports the activation, control and monitoring of a wide range of data,
voice, video and messaging services, including Short Message Service
(SMS) and Multimedia Message Service (MMS).

"Apeiron developed an extensible, API-driven CPaaS platform, which is
the foundation for our global cloud communications network. In addition
to CPaaS, Apeiron provides network integrations based on Network
Function Virtualization (NFV) technologies and an innovative Platform as
a Service (PaaS) optimized for real-time communications. Within
Apeiron's secure CPaaS private cloud, we can service both customer
applications and general communications requirements. And with complete
control over our software, infrastructure and network stacks, we can
quickly respond to rapidly changing market conditions," said Apeiron
Chief Executive Officer Josh Ploude.

"Apeiron created, owns and operates a secure, redundant software-defined
network that delivers a framework appropriate to address nascent, yet
high growth market opportunities like IoT. This acquisition allows us to
immediately compete with major industry players by providing a robust
offering including mobile voice & data, CPaaS/UCaaS/CCaaS, PaaS, and
IoT," said KonaTel Chief Executive Officer D. Sean McEwen.

With over $3 million in annualized revenue, Apeiron has grown
profitably, debt-free and exceeded a 30% year-over-year growth rate
since inception. Apeiron's newest initiatives include an IoT service
using high-speed Long-Term Evolution (LTE) data connections, SD-WAN
infrastructure throughout its network and Voice Platform as a Service
(VPaaS), operating on its private cloud infrastructure. Mobile Data and
IoT solutions are available through multiple carriers and include
customized and bundled plans, web-based management, and
customer-accessible API command and control interfaces.

Effective December 31, 2018, the acquisition included KonaTel exchanging
7 million shares of its $0.001 mill par value common stock for all of
the outstanding securities of Apeiron Systems, making it a wholly owned
subsidiary of KonaTel.

About KonaTel

KonaTel provides mobile services to individual and business customers in
various retail and wholesale markets. The company offers post-paid
wireless service plans, including voice, text and data, along with
wireless data-only IoT plans. KonaTel also provides network
infrastructure and related services, including business support systems,
provisioning, administration, operations support systems, customer
billing and telephone support services. KonaTel's CPaaS services include
mobile number and toll-free number products with integrated/aggregated
SMS, email forwarding and call forwarding services. KonaTel is
headquartered in Dallas, Texas.

Safe Harbor Statement

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. In some
cases, you can identify forward-looking statements by the following
words: "anticipate," "believe," "continue," "could," "estimate,"
"expect," "intend," "may," "ongoing," "plan," "potential," "predict,"
"project," "should," "will," "would," or the negative of these terms or
other comparable terminology, although not all forward-looking
statements contain these words. Forward-looking statements are not a
guarantee of future performance or results, and will not necessarily be
accurate indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
information available at the time the statements are made and involve
known and unknown risks, uncertainties and other factors that may cause
our results, levels of activity, performance or achievements to be
materially different from the information expressed or implied by the
forward-looking statements in this press release. We have incurred and
will continue to incur significant expenses in the expansion of our
existing and new service lines, noting that there is no assurance that
we will generate enough revenues to offset those costs in both the near
and long term. Additional service offerings may expose us to additional
legal and regulatory costs and unknown exposure(s) based upon the
various geopolitical locations where we will be providing services, the
impact of which cannot be predicted at this time. This press release
should be considered in light of all filings of KonaTel that are
contained in the EDGAR Archives of the Securities and Exchange
Commission at

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