Press Releases Archive - Page 21 of 29

Pareteum to Announce Third Quarter 2017 Financial Results on November 13

November 7, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it will report its financial results for the third quarter ended September 30, 2017 after market close on Monday, November 13, 2017. Pareteum will host a conference call and live webcast to discuss the results.

Pareteum Announces Pricing of $12,000,000 Firm Commitment Public Offering

November 7, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), today announced the pricing of a firm commitment public offering of 13,043,478 shares of its common stock (and/or shares of preferred stock, each of which shares is an equivalent of 1,000 shares of common stock) and warrants to purchase up to 6,521,739 shares of common stock. The offering was priced at $0.92 per share of common stock, with each share of common stock (and its common stock equivalent) sold with one five-year warrant to purchase 0.50 of one share of common stock, at an exercise price of $1.05 per whole share of common stock.

Digital Brand Management Company Selects Pareteum to Deliver Subscriber Messaging and Marketing Content

November 6, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has been awarded a 3-year contract, scheduled to add approximately $1,000,000 to the Company’s $114 million 36-month contractual revenue backlog, by a digital brand management communications company. Pareteum’s Global Mobility Cloud Platform delivers instant messaging services that connect wireless subscribers to receive and send messages anytime from anywhere.

Pareteum Boosts Revenue Backlog by $20,500,000 in 30 Days with Contracts in the U.S., Latin America, Africa, and India

November 2, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that during the month of October the Company signed contracts scheduled to add $20,500,000 to its 36-month contracted revenue backlog. These revenues are planned for accounting recognition, following SaaS accounting guidelines and mark a 22% increase over the $94,000,000 revenue backlog announced on September 27, 2017.

Leading India-Based Travel SIM Reseller Selects Pareteum’s Global Mobility Cloud for MVNO Creation

October 30, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum,” or the "Company"), the rapidly growing mobile Cloud Communications Platform company, today announced that it has been selected to help an established Indian SIM provider, for travelling subscribers, to create its own cross-border MVNO by offering platform services and connectivity. Servicing customers in the global Indian market with mobile, currency exchange, and travel insurance products, their retail stores throughout airports in Mumbai, Delhi, Hyderabad, Kochi, Bengaluru and several other cities will be fully enabled by Pareteum to provide cross border global SIM cards managed through the Pareteum Global Mobility Cloud Platform.

Pareteum to Power Latin American Expansion of One of World’s Largest CPaaS Companies

October 27, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has been awarded a cloud services contract with one of the world’s largest Communications Platform as a Service (CPaaS) companies. Pareteum’s newest customer offers cloud communications, global messaging, application programming interfaces (APIs) and Internet of Things (IoT) services that enable businesses to communicate with their customers, workforce and machines. Pareteum’s Global Mobility Cloud Platform enables this new customer to seamlessly provide mobile connectivity to its messaging customers in Latin America, its newest geographic market. The 3-year contract is scheduled to add $3,000,000 in revenues to Pareteum’s revenue backlog.

Established U.S. Competitive Local Exchange Carrier Chooses Pareteum for Global Connectivity to Power its Enterprise Business

October 26, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has been selected to provide global connectivity to an established U.S.-based competitive local exchange carrier (CLEC) and mobile virtual network operator (MVNO) serving the enterprise market. The 3-year contract is expected to add approximately $2,000,000 to Pareteum’s backlog.

Pareteum Launches Live Service with Rapidly Expanding Internet of Things Customer

October 25, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has begun live service with its Global Mobility Cloud for a new customer, a west coast-based enterprise application programming interface (API)-based CPaaS (Communications Platform as a Service) provider to power mobility, voice, messaging, infrastructure and Internet of Things (IoT). The 3-year contract for services was announced on September 6, 2017.

Leading European Mobile Reseller Selects Pareteum to Convert Customers to its Own MVNO Brand in $3,500,000 Contract

October 24, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has been awarded a cloud services contract from a leading European mobile reseller and unified communications supplier which has been servicing some of the largest enterprises in the UK and Europe for over 20 years. The 3-year contract adds $3,500,000 to Pareteum’s growing revenue backlog, which now stands at over $100,000,000.

Pareteum Expands Into African Market Adding $12,000,000 to its Revenue Backlog with Mobile Virtual Network Enabler Agreement

October 23, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has signed a 5-year agreement with a leading telecommunications company in Sub-Saharan Africa to provide Pareteum’s Managed Services Platform. During the first 3 years of the contract, Pareteum is scheduled to generate approximately $12,000,000 in revenue from this agreement. The Company anticipates the annual value of the contract to increase, and at a faster rate, in its 4th and 5th years, as customer enrollment accelerates, adding more monthly recurring revenues.