SCHIPHOL, THE NETHERLANDS — (Marketwire) — 07/22/11 — Elephant Talk Communications, Inc. (OTCBB: ETAK) () today announced that it was the focus of three recent financial news publications reporting on the company-s activities.
Larry Oakley, in his Conservative Speculator, financial newsletter, has updated a report he issued in June 2011 on Elephant Talk Communications. For a copy of the report please contact Larry Oakley at .
Oakley pointed out that ETAK is an international telecommunications operator, providing global coverage of both its fixed and mobile networks. Its services include business software and services to the telecommunications and financial services industries. ETAK enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise, and customer service without substantial upfront investments from clients, Oakley said. Services offered by the company-s wholly-owned subsidiary, ValidSoft, () include a suite of products to help stop credit, debit card, and bank fraud.
Oakley noted that on June 29, 2011, ETAK announced an agreement with Zain Saudi Arabia to deliver and manage mobile services for Zain Saudi Arabia and for Zain mobile brands in the Kingdom of Saudi Arabia.
In the context of discussing Elephant Talk, Josh Levine, in his MicroCap Investor newsletter on July 5, cited growth figures from Jupiter Research for mobile payments that are expected to rise from $240 billion to $670 billion in 2015. Levine added that security for the mobile cloud, including bank fraud prevention, authentication, and transaction security will be a key growth area. Quoting Jupiter Research, Levine noted that the near-field communications market (NFC), which is key to the mobile wallet, is expected to be worth $50 billion by 2014.
Levine added that ValidSoft has an agreement with Visa Europe to provide ValidSoft-s fraud-prevention solutions, VALid-POS®, and VALid®, the company-s four-factor authentication platform. Visa Europe will integrate and market the solutions as services to its member banks as part of its European processing platform. For a full copy of Josh Levine-s report please contact his firm at .
In a report in the Dick Davis Digest on July 8, it was noted that the recent announcement of Google Wallet means that consumers will need to become more aware of security enhancements offered by Elephant Talk. The report is at
It was noted that ValidSoft is the only security software company in the world to be awarded the European Privacy Seal for its product, VALid-POS®. The European Privacy Seal was awarded in March 2010 by EuroPriSe, certifying its compliance with European Data Protection Law. In addition, the report in the Dick Davis Digest pointed out that Elephant Talk is in the process of providing security for Near Field Communications (NFC), which is crucial to the mobile wallet.
Elephant Talk Communications, Inc. (OTCBB: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information, visit ().
ValidSoft is a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK), () and is a market leader in providing solutions to counter electronic fraud relating to card, the Internet, and telephone channels. ValidSoft-s solutions are at the cutting edge of the market and are used to verify the authenticity of both parties to a transaction (Mutual Authentication), and the integrity of the transaction itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy to use and intuitive. For more information, please visit ().
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 the Company-s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company-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 the Company 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, the Company 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 that projected or suggested is contained in the Company-s filings with the Securities and Exchange Commission (SEC), copies of which are available from the SEC or may be obtained upon request from the Company.
Contact:
Elephant Talk Communications, Inc.
Mr. Steven van der Velden
Tel: + 31 20 653 59 16
Investor Relations:
Alliance Advisors, LLC
Thomas P. Walsh
Tel: + 1 212-398-3486
ValidSoft:
Emmanuelle Filsjean
Tel: +44 (0)20 3170 8999
Email:
For UK only:
Fishburn Hedges
+44 (0)20 7839 4321
James Gilheany and Paul Farrow
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