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October 17, 2017

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Pareteum Highlights Speed of its Cloud Deployments as it Goes Live with Global Tourism Retailer Just One Month After Contract Execution


Pareteum Highlights Speed of its Cloud Deployments as it Goes Live with Global Tourism Retailer Just One Month After Contract Execution
• Established retailer’s customers on-boarded in record time with live production services established using Pareteum’s Global Mobility Cloud Platform and worldwide connectivity for MVNOs
• 90% savings delivered by Pareteum to customers in operating costs, plus significant bundled offering control and branding flexibility
• $73 Billion by 2020, growing MVNO market turns to Pareteum’s cloud services

NEW YORK, NEW YORK, October 17, 2017 – Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has gone live with a new customer, an established mobile virtual network operator (MVNO) and retailer of IP telephony technology for the tourism market, with which it had entered a definitive agreement on September 12, 2017. Pareteum is now on-boarding users with this customer and has begun to book revenues from this contract, which has contributed a seven-figure dollar amount to the Company’s backlog over the next three years.

Pareteum is supplying this customer with Managed Services and seamless connectivity solutions through its Global Mobility Cloud Platform. Providing full control of the entire IT system and network infrastructure through an easy to use cloud-based interface, Pareteum is saving the customer up to 90% in operating costs with significant bundled offering control and branding flexibility.

The customer, which has been selling services including mobile phones, phone cards, and internet service to hundreds of thousands of travelers per year through internet kiosks in airports, railways stations and shopping malls in the USA, Europe, and South America, is now enabled by Pareteum to truly take control of its own customers’ experience, expand its reach, focus on customer acquisition, and launch new distribution centers. Through any one connection point, the tourism retailer can now expand its customers’ connectivity worldwide, enabling its customers to continue to subscribe and use their travel phone globally long after their initial trip has concluded.

When fully ramped, Pareteum expects this new customer to be servicing hundreds of thousands of recurring subscribers a month, representing a low seven figure contract in its initial 3-year term that can easily grow into the mid-to-upper seven-digits upon auto-renewal in the following years.

“The speed at which we have been able to deploy this customer and begin booking revenues from our backlog is a new benchmark in the Mobile Virtual Network Enablement market,” said Vic Bozzo, CEO. “Our ability to rapidly convert an executed contract to live deployment is a huge selling point with prospective Pareteum customers who want to immediately expand their markets and offerings.”

Hal Turner, Pareteum’s Executive Chairman, commented, “By deploying truly at the speed of need, Pareteum has upended, and disrupted, what has traditionally been a long implementation cycle for global mobile, MVNO, Enterprise and IoT markets. Benefits accrue to Pareteum by significantly shortening the pathway to revenue as we sign new customers and the accelerated conversion of our backlog into revenues. Importantly, our new customers see their business and its revenues grow with minimal investment on their part.”

The global MVNO market is expected to reach $73 billion by 2020, according to Grand View Research, with global MVNO subscribers expected to exceed 300 million by 2020, at a CAGR of 10.7% from 2014 to 2020.

About Pareteum Corporation
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. 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:

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.

Pareteum Investor Relations Contact:
Ted O’Donnell
Chief Financial Officer
(212) 984-1096