NEW YORK, July 19, 2018 /PRNewswire/ -- Pareteum
Corporation (NYSE American: TEUM), ("Pareteum" or the
"Company"), the rapidly growing Global Cloud Software company,
delivering award winning mobile enablement solutions, announced
today that a rural U.S. provider of wireless internet services
(WISP) has awarded Pareteum a 3-year $2
million agreement for its mobility enablement software
services provided through TEUM's Global Cloud Services Platform
(GCSP).
The agreement provides this customer with new software
capabilities for mobility services to offer their enterprise
customers, expanding beyond Wireless ISP (WISP) services into
smartphone and mobile services. These new capabilities, provided to
our customer from Pareteum's software based cloud, open new markets
throughout U.S. and internationally. With a broader range of mobile
service solutions, including global wireless broadband, SMS, and
voice calling, our customer has a new business and profit model as
compared to its historic role as a turnkey wireless solutions
reseller. End-retail customers will benefit from the variety of
packages that can now be tailored to suit their needs and usage, at
rates that are substantially lowered.
"Pareteum's easy-to-adapt solution showcases the strength of our
cloud platform to service customers anywhere and everywhere with a
single ubiquitous platform. With ease of use and support from the
TEUM, we are continuously opening new revenue streams for our
clients and therefore us," commented Vic
Bozzo, Chief Executive Officer of Pareteum.
Hal Turner, Pareteum's Executive
Chairman and Principal Executive Officer, stated, "Our newest
client represents another step in achieving Pareteum's global aim
of delivering software that enables affordable open mobility and
open applications for everyone in the world. We are pleased to
empower our client with the Pareteum world-class software cloud
platform solution, as we expand further, serving more and more
connections (people and devices) globally."
About Pareteum:
Pareteum Corporation (NYSE American:
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