Elephant Talk Announces Divestiture of ValidSoft

Elephant Talk Communications Corp. (NYSE MKT: ETAK) (“Elephant Talk,” or the "Company"), a leading international provider of mobile networking software and services, today announced the divestiture of its wholly-owned subsidiary, ValidSoft, completing the last major step in the Company’s comprehensive restructuring plan. Elephant Talk preserves its ability to continue to co-market and bundle ValidSoft’s Voice Biometric and Authentication services, which represents ongoing revenue generation opportunities as part of a perpetual license, without restrictions, including incorporating ValidSoft’s future release versions into Elephant Talk’s growing global mobility cloud platform offerings.
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