Press Releases Archive - Page 20 of 29

Pareteum Issues Shareholder Update Letter

December 14, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, announced today the issuance of a shareholder update letter from its Executive Chairman and Principal Executive Officer, Hal Turner.

Pareteum Begins Network Access Activations for China-Focused MVNO

December 12, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, announced today that it has already commenced initial deployments of ‘Connections’ for the China-focused MVNO that was awarded in late November. This 3-year, $1 million contract enables the MVNO’s China-based subscribers to connect and transact on their mobile devices anywhere in the world.

Major Eastern European Capital City Selects Pareteum’s Platform to Manage Multi-Million Dollar Economic Development Investment

December 5, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, announced today that its previously awarded $24 Million agreement with a leading Eastern European telecommunications company has been extended to now include Smart City.

Pareteum Announces Exercise of Underwriter’s Option to Purchase Additional Shares

December 1, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), today announced that Dawson James Securities Inc., the underwriter of its November 2017 underwritten public offering has exercised its option to purchase an additional 1,431,421 shares of common stock for additional net proceeds of $1,204,970.20. The issuance of the additional shares closed on Thursday, November 30, 2017.

Pareteum Announces Registered Direct Offering and Concurrent Private Placement for Gross Proceeds of $6.58M

December 1, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), today announced that it agreed to sell an aggregate of 7,151,146 shares of the Company’s common stock, $0.00001 par value per share (the “Common Stock”). The purchase price per share was $0.92. The shares were offered and are being sold to certain accredited investors in a registered direct offering. Concurrently, the Company agreed to sell in a private placement, warrants to purchase an aggregate of 7,151,146 shares of Common Stock at an exercise price of $1.09 per share with a 5 year term.

Pareteum Congratulates Lowi on its ADSLZONE 2017 BEST MVNO Award

November 30, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company was pleased that its Managed Service Customer Lowi has received the 2017 ADSLZONE award. According to the announcement from the ADSLZone Group, the "Best OMV" award “could not be for anyone other than Lowi, who came to the market doing things in a different way and has managed to make its way among users. In addition to accumulating megabytes and minutes, for some months it has even allowed the bundling of fiber.”

Pareteum Regains Compliance with NYSE American Listing Standards

November 29, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, announced today receipt, on November 27, 2017, of notification from NYSE Regulation that the Company has regained compliance with Section 1003(a) of the NYSE American's Company Guide relating to minimum shareholders' equity.

Pareteum Awarded Contract from China-Focused MVNO in First Sale Resulting from Strategic Alliance & Teaming Agreement with Artilium

November 28, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, and Artilium plc (LSE/AIM: ARTA), earlier this year created a strategic alliance and teaming agreement to jointly pursue new and developed markets, and create accelerated growth and market penetration for both companies. As a result of the collaboration, Pareteum announced today it has been awarded a 3-year contract to provide Communications Platform as a Service (CPaaS) to a Mobile Virtual Network Operator (MVNO) focused on cross-border mobile service in China and North America.

Pareteum Announces Third Quarter 2017 Financial Results

November 13, 2017

Pareteum Corporation (NYSE American: TEUM) ("Pareteum" or the "Company"), the rapidly growing mobile Cloud Communications Platform company, today announced financial results for the third quarter ended September 30, 2017.

Pareteum Announces the Closing of a Firm Commitment Underwritten Public Offering for Gross Proceeds of $12,000,000

November 9, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), closed a firm commitment underwritten offering of 9,009,478 shares of common stock, 4,034 shares of preferred stock (each of which shares is an equivalent of 1,000 shares of common stock), and five-year warrants to purchase up to 7,478,228 shares of common stock exercisable at $1.05 per warrant. The offering was priced at $0.92 per share of common stock and $920.00 per share of preferred stock. The Company received net proceeds from the offering of approximately $10.7 million, after deducting the applicable underwriting discount and estimated offering expenses payable by the Company.