NEW YORK, July 27, 2017 /PRNewswire/ -- Pareteum
Corporation (NYSE American: TEUM), ("Pareteum" or the
"Company"), a leading communications technology provider to
global Mobile, MVNO, Enterprise and IoT markets, today announced
Ms. Laura Thomas, a highly regarded telecom executive with a 30
year track record, has been appointed to Pareteum's Board of
Directors effective immediately.
Ms. Thomas is an experienced telecommunications industry Chief
Executive Officer and Chief Financial Officer who has steered
companies large and small, ranging from $20
million to $1.5 billion in annual revenues, upholding
corporate governance and transparency among stakeholders. She has
worked alongside Board and C-suite teams to position companies for
positive cash flow and to achieve record profitability. Currently,
Ms. Thomas is Chief Financial Officer of Towerstream, the leading
fixed wireless Internet provider in the U.S. Previously, Ms. Thomas
was Chairman of the Board of Directors at Impact Telecom, a leading
provider of voice and messaging solutions for businesses and
carriers. She provided leadership to the company's management team
in strategic initiatives and increasing enterprise value. As CEO at
TNCI, a national telecommunications provider, she was primarily
tasked with leading the development and execution of TNCI's
long-term strategy and ensuring the company's continued success.
Ms. Thomas previously served in increasingly responsible leadership
roles at XO Communications, culminating with CEO, focused on
driving the company's strategic focus on IP and data solutions,
while delivering excellence in customer experience and aligning the
company's resources toward continued operational efficiencies.
Prior, she served as Director of Finance at MCI Communications.
Ms. Thomas commented, "The telecommunications market has been
searching for a global platform with deep integration into the
mobile industry and Pareteum has demonstrated it has this
capability. Its unique cloud-based broadband services deliver high
value services at a cost structure not previously available in the
market. The Company is gaining market traction with the right
offering at the right time, positioning Pareteum for significant
growth. I am pleased to join Pareteum's Board and offer my
expertise to support the Company in executing on a very significant
opportunity."
Hal Turner, Executive Chairman of
Pareteum, added, "Having successfully completed key elements of a
corporate turnaround at Pareteum, we are now adding independent
directors with deep industry experience to our Board. We are
pleased and honored that Laura has accepted a Board seat, and will
also serve as Chair of our Audit Committee. She has strong ties
with telecom and mobile industry titans, as well as expertise in
the capital markets. Her experience and her industry network will
be of tremendous value to Pareteum as we continue to improve our
financial and operational performance. We believe the addition of
Laura Thomas, and earlier in the
year, Luis Jimenez-Tuñon, serves as proof-positive to our
shareholders, customers, and employees, of Pareteum's long-term
commitment to being an innovative leader in the telecom
industry."
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,
Software-as-a-Service and IoT markets. The Company's software
solutions allow any organization to harness the power of a
wirelessly connected world by delivering seamless connectivity and
subscriber management capabilities that provides end-to-end control
of millions of connected devices. Mobile Network Operator (MNO)
customers include Vodafone, the world's second largest mobile
operator by customer count, Zain, one of the largest mobile
operators in the Middle East, as
well as MVNO customers such as Lebara and Lowi. 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 Contact:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
InvestorRelations@pareteum.com
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SOURCE Pareteum Corporation