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Elephant Talk Announces Heads of Agreement with ThuisConnect
Posted by: gurufocus (IP Logged)
Date: January 6, 2009 12:03PM

Press Release: Elephant Talk Announces Heads of Agreement with ThuisConnect ELEPHANT TALK COMMUNICATIONS INC.is positioning itself as an international telecom operator and enabler/systems integrator to the multimedia industry by facilitating the distribution of all forms of content as well as mobile and fixed-telecom services to global telecommunications consumers. The company provides traditional telecom services media streaming and distribution services primarily to the business-to-business community within the telecommunications market. Elephant Talk is also a system integrator and developer for mobile telecom and content distribution solutions; and as a Mobile Virtual Network Enabler the company has positioned itself as the premier outsourcing partner for both Mobile Network Operators as well as for Mobile Virtual Network Operators. ETLK is positioning itself as the preferred MVNE partner of the larger global Mobile Operators and currently operates sophisticated networks in over a dozen markets in Europe Asia Pacific and the Middle East..

More on ETAK: Gurus buys and sells of ETAK 10-year financial history of ETAK. Insider buys/sells of ETAK.

Press Release:

SCHIPHOL, Netherlands, Jan. 6 /PRNewswire-FirstCall/ -- Elephant Talk Communications, Inc. (OTC Bulletin Board: ETAK), announced that it has signed a Heads of Agreement contract with ThuisConnect. ThuisConnect will become a mobile virtual network operator (MVNO) in the Netherlands. As an MVNO, ThuisConnect expects to launch its product at the end of the first quarter/spring of 2009. Further rollout in Europe is planned in the third quarter of 2009; starting in Spain, France and Belgium.

ThuisConnect will introduce its "Telco to Home, Health Care Support" using Elephant Talk's fully integrated mobile virtual network enabler (MVNE) platform. All subscribers will be connected to ThuisConnect's platform with full medical backup and control, with monitoring for diabetes, thrombosis, heart failure and COPD patients through a mobile device and/or a DSL/fiber connection. Mobile subscriptions are forecast to reach 70,000 by the end of 2010 and 110,000 by the end of 2011.

"According to our view on the Dutch Telecommunications market, only two parties were attractive candidates," said Sytse Boonstra, CEO of ThuisConnect. "For the Mobile Services, we truly believe that Elephant Talk is by far the best platform available to us. Together with our other partner performing as the largest Telco of the Netherlands, we are able to reach our target group immediately. We also believe communicating Life-Convenience Services from home will become more and more important in the upcoming years."

Martin Zuurbier, CTO/COO of Elephant Talk replied: "The integration of voice and data services for Life-Convenience Services like Health Care and Personal Safety Management is possible because of the structure of our systems which make such integration relatively simple to carry out. Simple adjustments in our system are one of the benefits of selecting our integrated Technical Mobile and CRM/Billing platform. The mobile telephone will contribute enormously to the elderly who need the Life-Convenience Service the most. It really combines all forms of communication in one hand, which is realized by our Agreement with ThuisConnect."

About ThuisConnect

ThuisConnect (TC) is a trade name of iTip B.V. and will become a new MVNO in the Netherlands for Life-Convenience Services. ThuisConnect enables the elderly to have direct contact from their home via the television set with Health Care professionals, friends and family, not only by voice but with image as well. One only needs a set top box and camera provided by ThuisConnect. ThuisConnect's Tele Care Services are available at Telco Care and Health insurance organizations and in specific cases are paid for by the national health insurance. ThuisConnect is a new initiative for the Dutch market and has the ambition to become the leading solutions provider for Health Care Solutions in this increasing market.

About Elephant Talk Communications

Elephant Talk Communications is positioning itself as an international telecom operator and enabler/systems integrator to the multimedia industry by facilitating the distribution of all forms of content as well as mobile and fixed telecom services to global telecommunications consumers. The Company provides traditional telecom services, media streaming, and distribution services primarily to the business-to-business (B2B) community within the telecommunications market where it has a presence. The Company's global footprint as a fully licensed carrier, supported by its propriety IN (Intelligent Network) and Billing/CRM (Client Relationship Management) Systems, has been designed to offer cutting-edge solutions to the increasingly competitive global multimedia industry. Elephant Talk's telecommunications platform eliminates the usual limitations caused by national borders, networks, devices or media and, therefore, enables its B2B customers to operate as independent telecom and multimedia distribution organizations. Elephant Talk is also a system integrator and developer for mobile telecom and content distribution solutions; and, as a Mobile Virtual Network Enabler (MVNE), the company has positioned itself as the premier outsourcing partner for both Mobile Network Operators (MNO's) as well as for Mobile Virtual Network Operators (MVNO's). At the same time, Elephant Talk assists its MNO partners to more efficiently provide a broad range of sophisticated services to their own existing base of MVNO's. Elephant Talk is positioning itself as the preferred MVNE partner of the larger, global Mobile Operators and currently operates sophisticated networks in over a dozen markets in Europe, Asia Pacific, and the Middle East. The Company was ranked fifth on the Orange County 2008 Deloitte Technology Fast 50. For more information, visit: www.elephanttalk.com.

Forward-Looking Statements

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company'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 the Company 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, the Company 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; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

For media enquiries, please contact:

    ThuisConnect
    Mr. Sytse Boonstra / Mr. Hamza Ouibrahim
    Tel+ 31 6 50236438 or + 31 6 51579710
    E-mail: info@thuisconnect.nl
    www.thuisconnect.nl

    Elephant Talk Communications, Inc
    Mr. Steven van der Velden
    Tel:+ 31 20 653 59 16
    E-mail: info@elephanttalk.com
   [www.elephanttalk.com]

Source: PRNewsWire

More on ETAK: Gurus buys and sells of ETAK 10-year financial history of ETAK. Insider buys/sells of ETAK.



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