NEW YORK, Nov. 7, 2019 /PRNewswire/ -- Pareteum
Corporation (Nasdaq: TEUM) today announced that the
Company appointed Mary Beth Vitale
to its Board of Directors, effective November 1, 2019.
"Pareteum's Board of Directors is honored that Mary Beth is joining us as we continue to
strengthen and diversify our leadership team. Mary Beth's management and board experience will
be instrumental in helping our board and management team deliver on
our strategic objectives. Our global team is executing
meticulously, and our unique software and platform are well
positioned to capitalize on a very large market opportunity," said
Hal Turner, Executive
Chairman.
Ms. Vitale brings a wealth of experience as an independent board
member to public and private companies in various stages of growth
and global expansion, having chaired the Audit, Risk and
Technology, Compensation, and Nominating and Governance Committees
for boards of directors as well as being lead director. She is a
National Association of Corporate Directors (NACD) Board Advisory
Services faculty member, providing training to boards of directors
across the world, and is a NACD Leadership Fellow. She is
currently co-founder and principal of Pellera, LLC and serves on
the Board of Directors for Luna Innovations, a leader in optical
technology.
She is also a member of the Board of Directors Executive
Committee for GEHA, Inc., a health and dental insurance provider
and chairs its Risk and Technology Committee. Prior to her
board work, Ms. Vitale was a CEO with more than 25 years of proven
financial, IT/cyber, marketing and execution expertise in building
and scaling companies. Her past roles include: CEO and Chairman of
Westwind Media; President and COO of Rocky Mountain Internet; and
President of AT&T's Western Region and Corporate Officer of
AT&T. Ms. Vitale holds a Certificate for Cybersecurity
Oversight and is a qualified U.S. Securities and Exchange
Commission Qualified Audit Committee Financial Expert (ACFE).
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 is to come, while 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" as defined by 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.
These risks include, among other things (1) the ability to complete
Pareteum's restatement of its previously issued
consolidated financial statements as of and for the full
year ended December 31, 2018, and interim periods
ended March 31, 2019 and June 30, 2019 and
address any material weaknesses, the timing of the completion of
necessary restatements, interim reviews and audits by the Company's
independent registered public accounting firm, (2) risks relating
to the substantial costs and diversion of personnel's attention and
resources deployed to address the restatement of the affected
financial statements and internal control matters, (3) the
risk of litigation or regulatory action arising from the
restatement of the affected financial statements, (4) the timing of
the review by, and the conclusions of, the Company's independent
auditor regarding the restatement, (5) the ability of the Company
to remediate any material weaknesses in internal control over
financial reporting, (6) potential reputational damage that the
Company may suffer as a result of the restatement of the affected
financial statements, (7) the impact of the restatement of the
affected financial statements on the value of the Company's common
stock, and (8) the risk that the filing of the restatement of the
affected financial statements will take longer than anticipated.
Given these risks and 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