Elephant Talk Announces Investment Banking Agreement with Dawson James Securities
May 04 2009 - 11:53AM
PR Newswire (US)
SCHIPHOL, Netherlands, May 4 /PRNewswire-FirstCall/ -- Elephant
Talk Communications, Inc. (OTC:ETAK) (BULLETIN BOARD: ETAK) , an
international telecom and multimedia content distributor
specializing in carrier grade mobile enabling platforms, today
announced that it entered into an agreement with Dawson James
Securities to provide investment banking services to the company.
Based in Boca Raton, Florida, Dawson James Securities is a
full-service investment banking firm with a successful track record
on behalf of a variety of small cap technology leaders. In addition
to fundraising assistance as needed, the assignment calls for
Dawson James to build strategic relationships and partnerships with
corporate and other strategic investors seeking to leverage the
anti-fraud solution services Elephant Talk expects to offer
subsequent to its acquisition of ValidSoft and its current quality
telecom service platform. "Dawson James views Elephant Talk as a
proven and unique next generation Telecom Company that will use its
fast growing mobile service provider platform to address the
growing global fraud market," said David Weinstein, Managing
Partner, Investment Banking, Dawson James Securities. "The
universal demand for secure financial transactions and location
based services are absolute necessities in today's mobile and
wireless market. Elephant Talk's addition of electronic fraud
prevention solutions, which will be offered via their pending
acquisition of ValidSoft, will be enhanced by the Company's
self-funded telecom infrastructure which provides superior
offerings to its telecom customers including T-Mobile, Vizzavi
Espana, a Vodafone Group Company, and various other telecom
companies." Steven van der Velden, Elephant Talk's Chief Executive
Officer, stated, "Dawson James is a respected and well-connected
investment banking partner that we expect will bring a high level
of knowledge and strategic advisement to our company. I look
forward to working closely with the Dawson James team in an attempt
to locate synergistic relationships and maintain Elephant Talk's
strategy of continued growth and improved shareholder value." About
Dawson James Dawson James Securities is a full service investment
firm with deep expertise in healthcare, biotechnology and
technology with a staff of over 50 investment professionals ensures
their clients stay ahead of the constant changes in the capital
markets. From widely-respected institutional research, investment
banking and high net worth client services to personalized
attention for individual accounts, Dawson James provides quality
service for its clients. About Elephant Talk Communications
Elephant Talk Communications is positioning itself as an
international telecom operator and enabler to the multimedia
industry by facilitating the distribution of all forms of content
as well as mobile and fixed telecom services to global
telecommunications consumers. The Company provides traditional
telecom services, media streaming, and distribution services
primarily to the business-to-business (B2B) community within the
telecommunications market where it has a presence. The Company's
global footprint as a fully licensed carrier, supported by its
propriety IN (Intelligent Network) and Billing/CRM (Client
Relationship Management) Systems, has been designed to offer
cutting-edge solutions to the increasingly competitive global
multimedia industry. Elephant Talk's telecommunications platform
eliminates the usual limitations caused by national borders,
networks, devices or media and, therefore, enables its B2B
customers to operate as independent telecom and multimedia
distribution organizations. Elephant Talk is also a developer for
mobile telecom and content distribution solutions; and, as a Mobile
Virtual Network Enabler (MVNE), the company has positioned itself
as the premier outsourcing partner for both Mobile Network
Operators (MNO's) as well as for Mobile Virtual Network Operators
(MVNO's). At the same time, Elephant Talk assists its MNO partners
to more efficiently provide a broad range of sophisticated services
to their own existing base of MVNO's. Elephant Talk is positioning
itself as the preferred MVNE partner of the larger, global Mobile
Operators and currently operates sophisticated networks in over a
dozen markets in Europe, Asia Pacific, and the Middle East. The
Company was ranked fifth on the Orange County 2008 Deloitte
Technology Fast 50. For more information, visit:
http://www.elephanttalk.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
Elephant Talk Communications, Inc Mr. Steven van der Velden Tel: +
31 20 653 59 16 E-mail: http://www.elephanttalk.com/ or Alliance
Advisors, LLC Mr. Thomas Walsh Tel: (212) 398-3487 DATASOURCE:
Elephant Talk Communications, Inc. CONTACT: Mr. Steven van der
Velden of Elephant Talk Communications, Inc, +31-20-653-59-16, ; or
Mr. Thomas Walsh of Alliance Advisors, LLC, +1-212-398-3487, Web
Site: http://www.elephanttalk.com/
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