NEW YORK, March 14, 2018 /PRNewswire/ -- Pareteum
Corporation (NYSE American: TEUM), ("Pareteum" or the
"Company"), the rapidly growing Cloud Communications Platform
company, announced today the establishment of a Strategic Advisory
Board, which will be filled with senior industry experts and
leaders. The first two appointments to the Advisory Board are Dr.
Francisco Ros, a leading expert with
deep domain experience in communications and mobility technologies,
as demonstrated by his extensive experience in the private and
public sector, and Mr. Manjot Mann,
a telecommunications market leader currently with the most
successful MVNO in the world.
Commenting on his appointment, Dr. Ros, stated, "I am delighted
to be appointed to the Strategic Advisory Board of Pareteum
Corporation. I have followed the company for several years and
served on the Board of Director's in the past. At this point,
it is clear that Pareteum's technology is going to be highly
disruptive in our industry, creating significant revenue-enhancing
opportunities for new and existing market players. I am
particularly impressed with the successful restructure undertaken
by Mr. Turner in the past 18 months. My return to the restructured
company is motivated by my desire to support the new Pareteum to
capitalize on a genuine opportunity and become the dominant leader
in this fast-moving market."
Mr. Manjot Mann, stated, "The
market is seeking MVNO and IOT solutions and I believe the Pareteum
platform, team and opportunity are in perfect alignment. I am
looking forward to aiding in the success and thought leadership of
the company throughout the world. Particularly in
Asia Pac the telecommunication
industry is embracing new ways to fill the network."
Hal Turner, Executive Chairman
and Principal Executive Officer of Pareteum, commented, "Our
establishment of a Strategic Advisory Board, signals that we
recognize the need for advisory and guidance based upon the
successful executive experience from within each region of the
globe where we operate and provide services. There is significant
value and opportunity for companies that can extract and deliver
financial and operating results by controlling, integrating and
leveraging the supply chain for software services, mobility and
communications platform services. This is the business of
Pareteum, which we are currently doing well, and now with the
addition of Francisco and Mann to our TEUM, we have every
expectation of doing even better. We welcome Francisco and Mann and
look forward to the strategic counsel and advice that they will
bring to the company as they help us to execute on our ambitious
plans for dramatic growth with sustained profitability and cash
generation."
About Pareteum Corporation
The mission of Pareteum Corporation (NYSE American: TEUM) is 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, Sonus, Oracle, Microsoft, and other world class
technology providers. All of the relevant customer acquired value
is derived from Pareteum's award winning software, developed and
enhanced for many years. 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
Hayden IR
(917) 658-7878
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SOURCE Pareteum Corporation