Pareteum's Partner Airfox Launches Mobile App in Brazil

NEW YORK, Feb. 27, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), the rapidly growing Cloud Communications Platform company, wishes to congratulate partner Airfox for the successful launch of their new mobile app in Brazil, giving unbanked citizens access to previously inaccessible Financial Services.  Airfox sets the tone for a successful week ahead at Mobile World Congress 2018 with this announcement.

Vic Bozzo, CEO of Pareteum stated, "We are supporting Airfox in this opportunity for mobile operators and MVNOs to add subscribers and enable consumers who might have been excluded from participating in the global economy. Applications, social media, gaming, and other options are offered by the application store.  This is one example of how the industry is finding new ways to improve quality of life."

"This successful launch bodes well for our partners, Airfox, and for Pareteum, in fundamental revenue growth and profitability.  This new service offering in Brazil extends TEUM's abilities for person to person mobile payments, that are trusted. Pareteum and Airfox form a highly complementary technology partnership. It is exciting to see these new technologies allowing for deeper market penetration," commented Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum.

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.  

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

Hayden IR
(917) 658-7878

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SOURCE Pareteum Corporation