Pareteum Awarded $1.5 Million Contract by California Communications Platform as a Service Provider

NEW YORK, March 15, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM),("Pareteum" or the "Company"), the rapidly growing Cloud Communications Platform company, announced today that it has signed a three-year contract with a California CPaaS (Communications Platform as a Service) company to provide their enterprise developer customers with the ability to add mobile services and connections to their platform.  Pareteum's newest customer will now be able to integrate mobile communications services into their applications for the industries they service from marketing and call centers to healthcare and smart city devices.

CPaaS is the high-growth cloud services market that is the vehicle for software to innovate communications.  According to IDC, the worldwide market is forecasted to exceed $8.2 billion in 2021.  In short, CPaaS companies operate a platform that enables developers, from companies like Uber, Google and Facebook, to incorporate communications into their applications through API's (Application Programming Interface).  The CPaaS connects to traditional telcos, like AT&T, Verizon and Vodafone, so developers can incorporate their services, like phone numbers, call completion and SMS, into the applications.

Vic Bozzo, CEO of Pareteum stated, "Pareteum's Global Cloud Services Platform is becoming a ubiquitous interface for many different verticals.  The simplicity of a single source provider supporting a variety of applications makes Pareteum's platform most desirable in the current marketplace. We are encouraged by the sales results as our market value is exemplified by the continuous flow of new customer coming aboard."

Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum, stated, "In the new digital economy, service providers, marketing companies and agile enterprises are quickly becoming software companies. Our technology platform, including our Blockchain solutions, enables these service providers to expand their offering to their enterprise and consumer customers. Their internal developers can now leverage Pareteum APIs as the building blocks upon which to create their CPaaS platforms."

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. Our platform services partners (technologies integrated into our Cloud) include: HPE, IBM, Sonus, Oracle, Microsoft, and other world class technology providers. All of the relevant customer acquired value is derived from Pareteum's award winning software, developed and enhanced for many years. 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: www.pareteum.com.

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.  

Contractual Revenue Backlog Definition:
Contractual revenue backlog is measured on a forward looking 36 month snapshot view monthly, and, is generated by each of the Company's Managed Services, Global Mobility Cloud, and Application Exchange & Developer's Platform customers. The Pareteum multi-year Software-as-a-Service agreements include service establishment and implementation fees, guaranteed minimum monthly recurring fees, as well as contractually scheduled subscribers, in some cases including subscriber usage, during the term of the agreement, and, their resulting monthly recurring revenue. There can be no assurances that we reach the total revenue backlog. The revenue backlog assumes timing of revenue recognition that may vary from actual results.

Pareteum Investor Relations Contacts:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
InvestorRelations@pareteum.com

Hayden IR
(917) 658-7878

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SOURCE Pareteum Corporation