NEW YORK, April 5, 2017 /PRNewswire/ -- Pareteum
Corporation (NYSE MKT: TEUM) ("Pareteum" or "the Company"), a
leading communications technology provider to global Mobile, MVNO,
Enterprise and IoT markets, today announced that as previously
disclosed in its Annual Report on Form 10-K for the year ended
December 31, 2016, which was filed on
March 29, 2017 with the Securities
and Exchange Commission, the audited financial statements contained
a going concern qualification paragraph in the audit opinion from
its independent registered public accounting firm. See further
discussion in Note 1 to the Company's consolidated financial
statements included in the Company's Annual Report on Form
10-K.
This announcement is pursuant to NYSE MKT Company Guide Section
610(b) which requires separate disclosure of the receipt of an
audit opinion containing a going concern qualification. This
announcement does not represent any change or amendment to the
Company's consolidated financial statements or to its Annual Report
on Form 10-K for the fiscal year ended December 31, 2016.
About Pareteum Corporation:
Pareteum Corporation, and
its subsidiaries provide a complete mobility cloud platform,
utilizing messaging and security capabilities for the global
Mobile, MVNO, Enterprise and IoT markets. 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.
Investor Relations:
Vivian Cervantes
PCG Advisory
212-554-5482
vivian@pcgadvisory.com
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SOURCE Pareteum Corporation