SCHIPHOL, THE NETHERLANDS and LONDON — (Marketwire) — 10/12/11 — Elephant Talk Communications Corporation (OTCBB: ETAK) () and its wholly-owned subsidiary, ValidSoft Limited (), announced that the companies have been highlighted in recent investment news reports in Seeking Alpha, by Dustin Moore, and in TopStockAnalysts.com, by Andy Obermueller.
Elephant Talk 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. ValidSoft is a global supplier of fraud prevention, authentication and transaction verification solutions across banking channels.
In his article in TopStockAnalysts.com, Obermueller noted that Elephant Talk owns some unique elements of the mobile-phone business in Europe and has the ability to integrate mobile payment systems. Obermueller said that Europe is ahead of the U.S. in mobile functionality and Elephant Talk is one of the companies that have helped make this possible. He also cited Elephant Talk-s international footprint.
For the full article, see:
In his Seeking Alpha article, Moore noted the partnership ValidSoft made recently with Adeptra (), and cited ValidSoft-s proprietary technology that adds security by correlating the proximity of a financial transaction with a user-s mobile device in real-time.
Moore noted that the technology is able to make this correlation between the mobile device and the ATM or point of sale (POS) within the 400 milliseconds it takes to process a transaction. It does not track customers and maintains complete customer location privacy, unlike GPS-based systems, Moore added.
Moore also pointed out that ValidSoft-s patented fraud management and customer communication solution will be offered to Adeptra-s clients. Adeptra is a global leader in offering these types of services, he said, whose clients include at least half of the top 10 North American and UK card issuers, as well as four of the top five in Australia.
ValidSoft was awarded the EuroPrise Privacy Seal by the European Union for consumer privacy protection.
For the full article, see:
Elephant Talk Communications Corp. (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 Corp. (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 ().
Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.
Elephant Talk Communications Corp.
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 and EU:
Fishburn Hedges
+44 (0)20 7839 4321
Paul Farrow
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