October 4, 2018

Pareteum Expands Executive Leadership

Promotes Denis McCarthy to President

Welcomes Amy Love as Chief Marketing Officer

McCarthy leads corporate development and finance

Love brings brand, communications expertise

NEW YORK, NEW YORK – PRNewswire – October 4, 2018 – Pareteum Corporation (NYSE American: TEUM), a cloud software platform company, today announced that Denis McCarthy has been promoted as the company’s first president, and Amy Love has joined as chief marketing officer.

Formerly senior vice president of corporate development at Pareteum, McCarthy will lead Pareteum’s growth strategies, supporting its global connectivity network and mobile enablement solutions. As president, he will guide Pareteum through a seamless integration with newly-acquired Artilium, and will oversee finance, corporate development, human resources, marketing communications, and operations support.

As chief marketing officer, Love will refine and elevate Pareteum’s brand to showcase how the company is delivering for customers and the investment community. Together with the existing management team of Vic Bozzo as chief executive officer, Bart Weijermars as chief executive officer of Pareteum Europe, Manjot Mann as chief executive officer of Pareteum Asia, Rob Mumby as chief revenue officer, Ali Davachi as chief technology and operations officer, and Ted O’Donnell as chief financial officer, McCarthy and Love will drive Pareteum to enhance customer acquisition, experience, and satisfaction, while building a common brand across the company.

“Denis is taking on this new role at a key point in Pareteum’s growth as a global technology company,” said Pareteum’s Executive Chairman and Principal Executive Officer Hal Turner. “His technical thought leadership and deep operational understanding will lead Pareteum successfully on our mission.” Turner added, “Amy has the talent in brand and communications that will help Pareteum tell our story to ignite our customers about the opportunities our platform offers.”

McCarthy added, “Pareteum is a leading innovator in the platform as a service market. I look forward to executing the company’s ambitious growth plans and working with our first chief marketing officer to bring Pareteum to a new level with our customers and investors.”

McCarthy was previously senior vice president of finance and operations at Mosaic Networx Inc., which delivers cloud-based data and telephony services to enterprises. Prior to that, Mr. McCarthy was chief financial officer of AP Telecom, a global sales channel manager for Undersea Cable Installations, and chief financial officer and chief operations officer of Pac-West Telecomm, a provider of next generation VoIP solutions for enterprise and communications services providers. Mr. McCarthy began his career and spent nearly ten years in public accounting, providing assurance and advisory services in the high technology and software industry, including telecommunications and bio-tech companies both at Arthur Andersen and RSM. He holds a Bachelor of Science in Business Administration and a Master of Science in Administration from Bryant University.

Love joins Pareteum from the Georgia Institute of Technology Advanced Technology Development Center (ATDC) where she led statewide programs, helping technology startups launch and scale. Prior to ATDC, Love was head of marketing and communications for the South Carolina Department of Commerce and launched the state’s lifestyle and business brand “SC is Just Right;” she later became the state’s inaugural director of the Office of Innovation. Love worked in Europe for German telecommunications company Deutsche Telekom and its mobile line of business T-Mobile, and built corporate communications tools needed as the company expanded globally. She holds a Bachelor of Arts in English from Furman University and a Master of Mass Communication, public relations emphasis, from the University of South Carolina. Love is a Liberty Fellow, part of the Aspen Global Leadership Network.

About Pareteum Corporation:
Pareteum Corporation (NYSE American: TEUM) is a rapidly growing Global Software Defined Cloud company with a mission to connect “every person and everything.” Organizations use Pareteum to energize their growth and profitability through our Global Software Defined Cloud and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our Cloud platform services partners (technologies integrated into our cloud) include: HPE, IBM, Ribbon Communications (Sonus+GenBand), NetNumber, Oracle, Microsoft, and other world class technology providers. All of the relevant customer acquired value is derived from Pareteum’s leading Global Software Defined Cloud, delivering award-winning mobile enablement, regardless of the user’s location or network. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, São Paulo, Madrid, Barcelona, Bahrain, Singapore, and the Netherlands. For more information please visit: www.pareteum.com.

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 Pareteum’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum’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 Pareteum 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, Pareteum 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 those projected or suggested in Pareteum’s filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum Corporation.

Pareteum Investor Relations Contacts:
Ted O’Donnell
Chief Financial Officer
+1 212 984 1096
InvestorRelations@pareteum.com

Stephen Hart
Hayden IR
+1 917 658 7878

Carrie Howes
Rayleigh Capital
Dubai- London
T UAE: +971 (0) 55 997 0427 | T UK: +44 (0) 870 490 5443 | T CAN: +1 416 900 3634