Pareteum Announces Customer Go-Live Deployments in Europe, South America, North America, and Asia Pacific
Pareteum Announces Customer Go-Live Deployments in Europe, South America, North America, and Asia Pacific
Revenue Conversion Accelerates
Pareteum Expects Positive EBITDA from Continuing Operations for the Full Year
NEW YORK, April 5, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), ("Pareteum" or the "Company"), the rapidly growing Cloud Communications Platform company, announced that the Company has implemented services announced during 2017 and which are part of the company's 36-month Contractual Revenue Backlog.
The following announced contracts, that are in our 36-month Contractual Revenue Backlog, have gone into live services production and will now begin producing monthly recurring revenues:
Managed Service Platform Customers
Dec 21, 2016 Pareteum Announces Expanded
European MVNE Contract to Launch
First Global MVNO
Expanded
Vodafone
contract to
manage
roaming
services
Service went
live with
active
connections
Q2 2017
Jan 24, 2017 Pareteum Awarded Advanced
Engagement from Vodafone Enabler
S.L.
Vodafone
additional
managed
service for
Broadband
and 4G
Service went
live Q3 2017
Oct 23, 2017 Pareteum Expands into African
Market Adding $12,000,000 to its
Revenue Backlog with Mobile
Virtual Network Enabler Agreement
African based
MVNE focused
on
Enterprise
and Consumer
Offerings
Began revenue
contribution
April 2018
Jan 24, 2018 Brazil Mobile Service Provider
Expands to Worldwide Markets and
Selects Pareteum's Global Cloud
Brazil based
MVNO with
established
consumers
Began
services Q4
2017
Jan 26, 2018 Pareteum Europe Awarded Guaranteed
EUR 8.7 Million Euro Contract for
Managed Service Platform over 5
Years
MVNO focused
on consumer
and
enterprise
mobile
services for
existing
operator
Began revenue
contribution
in Q1 2018
Global Cloud Platform Customers
May 23, 2017 Pareteum to Utilize Patented SIM-Free
Migration Technology to Enable New
Cloud-Based Service Hosting
HLR as a Service customer
Began service Q3 2017
Aug 3, 2017 TEUM Awarded 2 Year Contract for Global
Mobility Cloud Services
Direct Billing Application
Began service Q1 2018
Sep 12, 2017 Leading Global Tourism Retailer Chooses
Pareteum to Power Its Brand in
Recurring 3-Year Seven-Figure
Contract
Global Travel MVNO in ten different
countries
Began service Q4 2017
Sep 19, 2017 Pareteum Awarded 3-Year $1,000,000
Contract to Provide Mobile Virtual
Network Enablement for IoT Connectivity
in the Middle East
IoT connectivity for connected home
applications
Began service April 2018
Oct 24, 2017 Leading European Mobile Reseller Selects
Pareteum to Convert Customers to Its
Own MVNO Brand in $3,500,000 Contract
Large established European on-line
retailer
Began service April 2018
Nov 28, 2017 Pareteum Awarded Contract From China-
Focused MVNO in First Sales Resulting
from Strategic Alliance & Teaming
Agreement with Artilium
China based MVNO
Began service Q3 2017
Dec 20, 2017 Pareteum Wins Global Internet of Things
(IoT) Contract for Its Cloud Services
Enterprise Application Developer
Began service Q4 2017
Jan 17, 2018 Pareteum Awarded $3 Million Contract to
Add Mobility to Established South
American Data Network Provider
Began deployment and contribution to
revenue in Q4 2017
TEUM Application Exchange Developers Platform Customers
Jan 31, 2017 Pareteum Extends Global Mobility Cloud Platform to Include
IoT and Messaging
Satellite Mobile MVNO
Began revenue Q2 2017
Sep 6, 2017 Pareteum Awarded 3-Year Contract to Mobile Enable a Rapidly
Expanding Internet of Things Provider
West Coast IoT API Developer
Began Services Q1 2018
Nov 6, 2017 Digital Brand Management Company Selects Pareteum to Deliver
Subscriber Messaging and Marketing Content
Global Call Center Management Company
Began revenue Q4 2017
Hal Turner, Executive Chairman and Principal Executive Officer at Pareteum commented, "We are a mission driven business and we hear positive feedback from our Shareholders, thanking us for our 'transparency.' Our ambition is to deliver a single solution to make it simple for our customers to grow and integrate the latest technologies without having to think about building them. We remain ahead of our targeted 36-month Contractual Revenue Backlog conversion. Pareteum is expecting positive EBITDA from continuing operations for the full year."
About Pareteum:
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. Our platform services partners (technologies integrated into our cloud) include: HPE, IBM, Sonus, Oracle, Microsoft, and other world class technology providers). All of the relevant customer acquired value is derived from Pareteum's award winning software, developed and enhanced for many years. 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:
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.
Contractual Revenue Backlog Definition:
Contractual revenue backlog is measured on a forward looking 36 month snapshot view monthly, and, is generated by each of the Company's Managed Services, Global Mobility Cloud, and Application Exchange & Developer's Platform customers. The Pareteum multi-year Software-as-a-Service agreements include service establishment and implementation fees, guaranteed minimum monthly recurring fees, as well as contractually scheduled subscribers, in some cases including subscriber usage, during the term of the agreement, and, their resulting monthly recurring revenue. There can be no assurances that we reach the total revenue backlog. The revenue backlog assumes timing of revenue recognition that may vary from actual results.
Pareteum Investor Relations Contacts:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
InvestorRelations@pareteum.com
Hayden IR
(917) 658-7878
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SOURCE Pareteum Corporation
