NEW YORK, Oct. 15, 2019 /PRNewswire/ -- Pareteum
Corporation (Nasdaq: TEUM), the rapidly growing cloud
communications platform company, today announced it has retained
Heidrick & Struggles, the premier provider of executive search
and leadership advisory services, to assist with assessing the
board of directors and key leadership positions as Pareteum
prepares diversity and succession plans to support the Company's
planned growth and expansion of markets and services.
Heidrick & Struggles will seek to identify seasoned board of
director candidates and executives to complement existing talent
and enhance both the board and executive leadership as Pareteum
focuses on operational excellence, market leadership and increased
shareholder value. The initiative is expected to take up to 12
months.
Hal Turner, Executive Chairman
and CEO of Pareteum, said, "As we grow our business and accelerate
the execution of our strategies, our Board has undertaken a
comprehensive review. Today's announcement reflects our commitment
to best practices and diversity on our Board and within our
leadership in preparing for the next phases of the Company's
growth."
About Pareteum Corporation: Millions of people and
devices are connected around the world using Pareteum's Global
Cloud Communications Platform, enhancing their mobile experience.
Pareteum unleashes the power of applications and mobile services,
bringing secure, ubiquitous, scalable, and seamlessly available
voice, video, SMS/text messaging, and data, media and content
enablement to our customers, making worldwide communications
services easily and economically accessible to everyone. By
harnessing the value of our cloud communications platform, Pareteum
serves enterprises, communications service providers, early stage
innovators, developers, IoT, and telecommunications infrastructure
providers. Pareteum envisions a new mobile communications
experience imagining what will be, and delivering now. Pareteum
currently has offices in North
America, South America,
Spain, Bahrain, Singapore, India, Indonesia, Germany, Belgium, United
Kingdom, Russia, 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.
Media Inquiries
Press@pareteum.com
Pareteum Investor Relations Contacts:
Carrie Howes
Investor Relations
+1 650 232 4238
carrie.howes@pareteum.com
Investor.relations@pareteum.com
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SOURCE Pareteum Corporation