NEW YORK, Oct. 11, 2016 /PRNewswire/ -- Elephant
Talk Communications Corp. (NYSE MKT: ETAK) ("Elephant Talk,"
or the "Company"), a leading international provider of mobile
networking software and services, today announced that its mobile
virtual network enterprise (MVNE) mobile cloud services platform
will be deployed with its strategic partner Expeto's 4G LTE engine,
providing a new enterprise "brand focused" Mobile Virtual Network
Operator (MVNO) unique branded global mobile services.
Elephant Talk, Expeto, and our new "brand focused" MVNO
enterprise customer have agreed to create a detailed commercial,
technical and financial business model, including revenue sharing
arrangements, related to the global deployment of consumer branded
mobile networks, handsets and brand-exclusive content, engaged by
the MVNO, with network services delivered through existing global
roaming access partners already running on the Elephant Talk
systems.
The development and deployment of this jointly managed global
mobile solution represents a new, disintermediated and highly
disruptive paradigm in branded mobile services delivery. Its "brand
first" business model will deploy services that depart from the
customary gigabyte - megabyte data-based, rated service plan
pricing models, providing a new pricing basis leveraging a brand
membership subscription plan which effectively removes the
"distribution tax" that brands otherwise endure in connecting with
their customers. The delivery of this branded global mobile
solution business model is expected to transition Elephant Talk
from a low margin wholesale provider to pricing and profit margins
enjoyed by the leading software as a service companies.
"We are pleased to join forces with our partner, Expeto, in
forging our first global MVNO partnered solution with a market
leading (albeit in "stealth mode" in deference to their brand
customers), global, brand-centric MVNO solution provider. This
is a significant milestone with disruptive market implications,
which has the potential to bring millions of subscribers (members)
that loyally follow global and national cult brands. Brands have
learned so much about their consumers' engagement and network
economies available to them via social networks. The most
innovative brands are strengthening their communities around the
interests of enthusiastic and loyal customers. Now with the
ETAK-Expeto solution, those brands will retain more direct control
and distribution of exclusive brand related information, services,
and content. This represents a material improvement for the brand
member's consumed content, while reducing costly dependencies on
3rd parties," said Hal Turner,
Executive Chairman of Elephant Talk.
"This enterprise focused model represents exclusive brands which
will purchase handsets, media and secure content, downloads,
movies, interviews and additional content the brand wishes to
present to their members. This includes established retail
distribution channels with major recognized retail brands. Handset
manufacturing and distribution agreements are in place
already. We expect to see an increasing number of brands
approaching us to discuss not so much the launch of a traditional
SIM-only based MVNO, but rather the possibility to distribute
branded devices that smartly choose its optimal connection via
cloud based networks, delivering seamless services in multiple
geographies," Mr. Turner added.
As enterprises look to expand the services they offer to
customers and employees, Communications Service Providers (CSPs)
struggle to move beyond connectivity to offer the full capability
for businesses looking to exploit IoT (internet of everything). In
response, enterprises are seeking to directly deploy MVNO services,
equipping them to take control of their own operations and
networks. The Elephant Talk - Expeto strategic partnership responds
to this growing market demand, offering complete MVNO capabilities
within trusted private networks. Gartner predicts, 'By 2018 the top
1000 global enterprises will implement MVNO capabilities of some
scale in support of their IOT capabilities.'
"With Expeto enabling private organizations to fully control
cellular data in a trusted way, inclusive of LTE and WIFI data and
the partnership with Elephant Talk, including its online
subscription management and unique billing, the two Companies can
address the needs of global enterprise and cult brands willing to
control, by themselves, the distribution of their content directly
to their best consumers and fans, no longer depending exclusively
on dominant operators and social networks," said Ryley MacKenzie, CEO of Expeto.
About Elephant Talk Communications Corp.:
Elephant Talk Communications Corp., and its subsidiaries (also
referred to as "Elephant Talk", "ET" and "the Company") provide a
complete mobility cloud platform, utilizing messaging and security
capabilities. Elephant Talk offers fully managed 'single sign on
and application access' Software as a Service (SaaS), Platform as a
Service (PaaS), and Infrastructure as a Service (IaaS) applications
designed for communications services providers and enterprises.
SaaS are applications designed for end-users, delivered over the
web. PaaS is a set of tools and services designed to make coding
and deploying those applications quick and efficient. IaaS is the
hardware and software solution that powers it all including
servers, storage, networks and operating systems. The Company is
comprised of a deeply experienced management team, architects,
software developers, implementation specialists and an operations
team who bring turnkey mobile solutions to the retail
telecommunications industry. ET also provides software based
authentication and voice-biometrics technology and services through
its license with ValidSoft UK Limited ("ValidSoft"). For more
information please visit: www.elephanttalk.com.
About ValidSoft UK Ltd:
ValidSoft secures transactions using personal authentication and
device assurance. ValidSoft enables its customers to enhance their
security while improving their user experience, utilizing our
multi-factor authentication platform, Voice Biometric engine and
Device Trust technology, all of which may be used as 'stand-alone'
or integrated into multi-vendor solutions. ValidSoft serves
multiple clients across the financial services, government and
enterprise sectors and is the only company to have been granted
four European Privacy Seals, reflecting its commitment to strong
data privacy. For more information please visit:
www.validsoft.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 Elephant Talk's plans and
objectives, projections, expectations and intentions. These
forward-looking statements are based on current expectations,
estimates and projections about Elephant Talk'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 Elephant Talk 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, Elephant Talk 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
Elephant Talk's filings with the Securities and Exchange
Commission, copies of which are available from the SEC or may be
obtained upon request from Elephant Talk.
Investor Relations Contacts:
Steve Gersten
(813)-926-8920
sgersten@tampabay.rr.com
Scott Gordon
CoreIR
(631)-703-4900
scottg@coreir.com
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SOURCE Elephant Talk Communications Corp.