Elephant Talk Retains Capital Markets Group as Investor Relations Counsel Mr. Steve Gersten Joins Capital Markets Group as Partner
OKLAHOMA CITY, July 9, 2014 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) ("Elephant Talk" or "the Company"), a global provider of Software Defined Network Architecture (ET Software DNA® 2.0) platforms and cyber security solutions, today announced that it has agreed to a long-term relationship with Capital Markets Group ("CMG"), a leading New York-based Investor Relations and Strategic Advisory firm, to lead the Company's investor relations program for a three year period. As part of the new agreement, Mr. Steve Gersten has joined CMG as a Partner of the firm and will continue to provide investor relations services for Elephant Talk, as part of the CMG team.
CMG will continue to provide Elephant Talk with investor relations services to increase awareness of Elephant Talk among the investment community. CMG delivers significant value to Elephant Talk through extensive knowledge of capital markets and effective communications strategies combined with a partner-level, client-centric approach that differentiates it from other investor relations firms. CMG has managed investor relations programs for many of the top emerging growth companies listed on the U.S. exchanges.
"As previously announced, Elephant Talk has recently hit milestones relating to the completion of several migrations in Mexico which positions the company to attract new investors," said Steven van der Velden, Chairman and CEO of Elephant Talk. "We have successfully worked with CMG and believe it now makes strategic sense to engage them for a long-term commitment. As part of the agreement, we are pleased that Steve Gersten will join their team and continue to work with our shareholder base. We look forward to continuing to work with Steve as he transitions to his new role at CMG, following five years of service at Elephant Talk as our Vice President of Investor Relations. As we continue to work towards increasing our migrations, we believe this is the perfect time for the Company to continue to implement its investor relations program grounded in best practices."
"We are excited to continue to work with Elephant Talk to provide investor relations, strategic consulting and market insights to the Board and management team with the highest levels of service," commented Thomas Walsh, Founding Partner of Capital Markets Group. "We look forward to working with Elephant Talk to continue to raise awareness of the Company among investors, increase value for its shareholders and help Elephant Talk meet its strategic goals. By adding someone with Steve Gersten's experience, reputation and skill set to our team, we have significantly enhanced our IR capabilities and look forward to bringing our extensive expertise to existing and potential clients."
About Elephant Talk
Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a global provider of mobile proprietary Software Defined Network Architecture (Software DNA® 2.0) platforms for the telecommunications industry. The company empowers Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs), Enablers (MVNEs) and Aggregators (MVNAs) with a full suite of applications, superior Industry Expertise and high quality Customer Service without substantial upfront investment. Elephant Talk counts several of the world's leading Mobile Network Operators amongst its customers, including Vodafone, T-Mobile, Zain and Iusacell. Visit: www.elephanttalk.com.
About Capital Markets Group, LLC
Capital Markets Group provides specialized, partner level attention in all facets of capital markets communication strategy, specializing in investor relations, market intelligence, corporate communications and consulting for small cap publicly traded companies. CMG has expertise in an array of industries including financial and professional services, technology, healthcare, media, retail and energy. For more information, please visit www.capmarketsgroup.com.
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 Elephant Talk's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Elephant Talk'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, including, without limitation, the ability of the Company to regain compliance with the listing standards of the NYSE MKT LLC. Because such statements involve risks and uncertainties, the actual results and performance of Elephant Talk 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, Elephant Talk 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 Elephant Talk's filings with the Securities and Exchange Commission (the "SEC"), copies of which are available from the SEC or may be obtained upon request from Elephant Talk.
Capital Markets Group
Capital Markets Group
SOURCE Elephant Talk Communications Corp.