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Pareteum Awarded $3 Million Contract to Add Mobility to Established South American Data Network ProviderNEW YORK, Jan. 17, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), ("Pareteum" or the "Company"), the rapidly growing Cloud Communications Platform company, announced today that it has been awarded a five-year $3 million contract for implementation of its Managed Services Solution with a South American provider of communications solutions with over 20 years of successful market experience. Pareteum's Managed Services Platform, our longest provided in-service product (over ten years of commercial use), delivers the value generating software based Intellectual Property of TEUM. This includes: web portal, E-commerce platform, subscriber management, end user and back-office billing, carrier settlement systems (supporting Blockchain management, with multi-currency and crypto payments support), and Intelligent network management, with self-care portal services. It is our intelligent network, with our Home Location Registry (HLR), delivered as a service that manages the core mobile network. The agreement, when fully deployed and implemented, will service over 300,000 connections in multiple countries. Vic Bozzo, CEO of Pareteum commented, "This is a significant milestone for the company once again extending our platform reach to tap into new markets, extend our connectivity map, add new connections and partner with well-established networks and service providers to open new revenue streams. Our sales team continues to drive us forward." Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum stated, "This win continues to demonstrate how we as a company understand the needs of the new global digital economy, and deliver a communications platform software suite of services (CPaaS), offering affordable solutions to our growing roster of communication service providers (CSPs). It is the Parteum services solution that is the heart of CSPs' consumer retail and business customer offerings with great margins derived through the channel. The competitive landscape in South America, coupled with the large underserved communities, is an ideal fit for our deployment model, which brings the technology and services right to the doorstep of subscribers. Service providers, brand marketing companies and incumbents alike no longer have to suffer through painstakingly long service integrations and deployment cycles to enter a market or launch their service offerings. With our solution, the pathway to revenue is clear, and the roadmap to the latest services and capabilities, with advanced payments and settlement, are assured." About Pareteum Corporation The mission of Pareteum Corporation (NYSE American: TEUM) is to connect "every person and everything". Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. For more information please visit: www.pareteum.com. Forward Looking Statements: Pareteum Investor Relations Contacts: Hayden IR
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