Elephant Talk Communications Corp. Stockholders Appoint Mr. Jaime Bustillo and Dr. Francisco Ros as Two New Members of its Board of Directors

OKLAHOMA CITY, Sept. 18, 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 Mr. Jaime Bustillo and Dr. Francisco Ros were elected to the Company's Board of Directors at the Company's annual meeting of stockholders on September 12, 2014 (the "Annual Meeting"). Mr. Bustillo and Dr. Ros fill the vacancies created by Mr. Groenink's departure following the Annual Meeting and the increased size of the Board of Directors from five members to six members. Messrs. Steven van der Velden, Geoffrey Leland, Yves van Sante and Carl Stevens were re-elected.

The Company's stockholders also approved an increase in the number of shares of the Company's common stock authorized for issuance under the Amended and Restated Elephant Talk Communications Corp. 2008 Long-Term Incentive Compensation Plan, as amended (the "2008 Plan"), by 10,000,000 shares. Squar Milner was ratified as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014.

Mr Steven van der Velden, Chairman and CEO of Elephant Talk, stated, "Our Board is grateful for the years Mr. Groenink served as a member of our Board and is very much looking forward to working with Mr. Bustillo and Dr. Ros to successfully achieve our Company's strategic goals."

Mr. Jaime Bustillo, 56, is the CEO of Airphone servicios de telecomunicaciones SL, also known under the brand name AIRIS mobile, a Spanish mobile virtual network operator. From 2000 to 2012, Mr. Bustillo held a number of senior positions at Vodafone Group Plc ("Vodafone"), a leading global telecommunications group. During his time at Vodafone, he was the Group Director of Networks Evolution, Chief Technical Officer of the Western Region, a member of Spain Excomm and the Vodafone Group Technology Board. Mr. Bustillo formerly served as Chairman of the Board of Vizzavi España, a Vodafone subsidiary (renamed Vodafone Enabler Espana). Mr. Bustillo holds a Telecommunications Engineering degree from Universidad Politécnica de Madrid.

Dr. Francisco Ros, 63, is Executive President of First International Partners, S.L., a business consulting firm he founded in 2002. Since 2010, Dr. Ros has been a member of the Board of Directors of Qualcomm Incorporated ("Qualcomm"), a world-leading provider of wireless technology and services, he has served as a member of Qualcomm's Finance Committee since March 2014, and previously Qualcomm's Governance Committee. He previously served as a Senior Director of Business Development at Qualcomm Europe and Managing Director of Qualcomm Spain. Dr. Ros is also non-executive Chairman of Asurion Spain and honorary Professor at Universidad Politecnica de Madrid. Dr. Ros was Vice Minister in the Spanish Government, responsible for Telecommunications and the Development of the Information Society. He held key positions within the Telefonica Group, including General Manager for Telefonica International at the time of its vast expansion into Latin America. Dr. Ros holds two PhDs; in Telecommunications from the Universidad Politécnica de Madrid and in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology (MIT).

About Elephant Talk Communications Corp.:
Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a global provider of mobile proprietary Software Defined Network Architecture (ET 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 the need for substantial upfront investment. Elephant Talk counts several of the world's leading MNOs and technology companies amongst its customers and partners, including Vodafone, T-Mobile, Zain, Iusacell and HP. Visit: www.elephanttalk.com.

About ValidSoft UK Limited:
ValidSoft, a subsidiary of Elephant Talk Communications Corp., secures transactions using personal authentication and device assurance. We help our customers to reduce fraud losses and improve customers' experience. As part of our multi-factor authentication, ValidSoft integrates its leading Voice Biometric engine into multivendor solutions or as a standalone system. ValidSoft serves multiple clients in the financial, government and business automation sectors and is the only company to have been granted four European Privacy Seals, reflecting its commitment to promoting strong data privacy. Visit: www.validsoft.com.

Contacts:

Investor Relations:
Steve Gersten
Capital Markets Group
813-926-8920
[email protected]

Public Relations:
Michael Glickman
MWG CO.
917-596-1883
[email protected]

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SOURCE Elephant Talk Communications Corp.