Press Releases Archive - Page 26 of 29

Pareteum Executive Chairman Interviewed on the RedChip Money Report

March 17, 2017

Pareteum Corporation (NYSE MKT: TEUM) (“Pareteum”), a leading international provider of mobile networking software and services, today announced that Robert “Hal” Turner, founder and executive chairman of Pareteum, was recently interviewed on The RedChip Money Report television program. Hal discusses the company’s technology, vision, value proposition and restructuring of the organization.

Pareteum Announces Closing of Public Offering

March 15, 2017

Pareteum Corporation ( NYSE MKT : TEUM ), ("Pareteum" or the "Company"), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, today announces the closing of its previously announced underwritten public offering of 2,333,334 shares of common stock at a public offering price of $1.50 per share together with the issuance of 1,166,667 five year warrants to purchase common stock with an exercise price of $1.87.

Pareteum Corporation Announces Pricing of Public Offering of 2,333,334 Shares and 1,166,667 Warrants

March 10, 2017

Pareteum Corporation (NYSE MKT : TEUM), (“Pareteum” or the “Company”), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, today announced the entry into an agreement relating to the sale of 2,333,334 shares of common stock at a public offering price of $1.50 per share together with the issuance of 1,166,667 five year warrants to purchase common stock with an exercise price of $1.87.

Pareteum to Restructure Senior Secured Debt Obligation, Extending Maturity Date to December 31, 2018

March 7, 2017

Pareteum Corporation (NYSE MKT: TEUM) (“Pareteum” or the "Company"), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, today announced it has entered into a letter agreement with Atalaya Capital Management (“Atalaya”), its senior secured lender, to amend certain terms of the credit agreement among the parties, dated November 17, 2014, as has been amended from time to time (as so amended, the “Amended and Restated Agreement”), including, among others, to extend the maturity date of amounts owed to December 31, 2018, to increase the amount of shares of common stock underlying the related warrants (the “Warrants”) and to remove any anti-dilution features related to the Warrants.

Red Chip Interview with Pareteum Corporation Executive Chairman Hal Turner

March 1, 2017

Mr. Turner highlights the activities and financial improvements achieved through the Company’s restructuring program over the past few months during which Elephant Talk was rebuilt as Pareteum Corporation including its newly expanded management team, the benefits of its recurring revenue business model and the continued commitments of its largest customers including Vodafone and Zain.

Pareteum and AirFox Partner to Help Mobile Operators Make Data Access More Affordable

February 28, 2017

Pareteum Corporation (NYSE MKT: TEUM) (“Pareteum” or the "Company"), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, and AirFox, a mobile platform provider that enables mobile operators to become agile digital service providers by increasing access to and maximizing the value of mobile data, announced today that they are entering a partnership designed to address the industry’s need to increase revenues and consumer demands for access to mobile data services through applications on their smartphones.

Pareteum Accelerates International Sales Program

February 27, 2017

Pareteum Corporation (NYSE MKT: TEUM) (“Pareteum” or the "Company"), a leading international provider of mobile networking software and services, today continued the expansion of its global sales team announcing the hiring of Nick Barter to the newly created position of Vice President of Sales, EMEA (Europe, the Middle East and Africa). Nick will be based out of the UK and will immediately focus on securing contracts and partnerships with the large numbers of communications service providers operating throughout the EMEA.

Pareteum Appoints Luis Jimenez-Tuñon to its Board as a New Independent Director

February 22, 2017

Pareteum Corporation (NYSE MKT: TEUM) (“Pareteum” or the "Company"), a leading international provider of mobile networking software and services, today announced that its Nomination Committee has appointed Mr. Luis Jimenez-Tuñon to the Board of Directors effective March, 1, 2017.

Pareteum Executive Team and Board Demonstrate Long Term Commitment

February 21, 2017

Pareteum Corporation (NYSE MKT: TEUM) (“Pareteum” or the "Company"), a leading international provider of mobile networking software and services, today announced that Hal Turner, Executive Chairman, Vic Bozzo, Chief Executive Officer, Ted O’Donnell, Chief Financial Officer and Independent Directors Yves van Sante and Roderick de Greef entered into a share purchase agreement and participated in a private transaction to acquire an aggregate of 1,379,555 shares of common stock of the Company at $0.11 per share.

Pareteum Corporation Announces Reverse Stock Split

February 17, 2017

Pareteum Corporation (NYSE MKT: TEUM) (“Pareteum” or the "Company"), a leading international provider of mobile networking software and services, today announced that its Board of Directors (the “Board”) has approved a 1-for-25 reverse stock split of its issued and outstanding shares of common stock as the next step in the Company’s restructuring plan. The 1-for-25 reverse stock split will be effective upon the filing and effectiveness of a Certificate of Amendment to the Company’s Certificate of Incorporation after the market closes on February 24, 2017. Pareteum’s common stock will begin trading on a split adjusted basis when the market opens on February 27, 2017.