Pareteum Announces New Asia CEO



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NEW YORK, Nov. 5, 2018 / PRNewswire / – Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, today announced that CEO Vic Bozzo has been appointed as new CEO of Pareteum Asia, replacing Manjot Mann, who has accepted a position as chief executive officer with M1 in singapore. Vic Bozzo assumes his new role within Pareteum Asia Pty Ltd. immediately.

Manjot Mann commented, "Pareteum is a fast-growing company with very bright prospects in asia. Mobile enablers are looking for diversify beyond pure telecom plays to create more meaningful applications for their customer base, and Pareteum is extremely well-developed for such a proposal asia. I will always be supportive of Pareteum and wish Vic Bozzo and the company all the best. "

Pareteum Executive Chairman and Chief Executive Officer of Pareteum Hal Turner added, "Pareteum has already seen great success in the asia market, where two-thirds of the world's population is currently live, and a projected five billion will by 2030. The opportunity for the market to provide mobility in a region that will host 60% of the global population shows why we are moving the company's chief executive into this role. Placing Vic Bozzo We hope that this massive opportunity will be achieved. We look forward to a continued relationship with Manjot Mann, who served on the advisory board asia. "

About Pareteum Corporation:

Pareteum Corporation (Nasdaq: TEUM) is a rapidly growing global software company with a mission to connect "every person and everything." Organizations use the technology to increase their growth and profitability through our Global Software Defined Cloud and complete turnkey solutions, including content, applications, and connectivity worldwide. Our cloud platform services partners include: HPE, IBM, Ribbon Communications (Sonus + GenBand), NetNumber, Oracle, Microsoft, and other world class technology providers. All of the rising customer is valued by Pareteum's leading Global Software Defined Cloud, delivering award-winning mobile enablement, regardless of the user's location or network. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, São Paulo, Madrid, Barcelona, bahrain, singapore, indonesia, germany, belgium, United Kingdom 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, and some of the 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 the risks and uncertainties, the actual results and the performance of the results of such forward-looking statements. Given these uncertainties, readers are cautioned to place and reliance on such forward-looking statements. Unless otherwise required by law, Pareteum also disclaims any obligation to update its position on any such risks or uncertainties. Additional information concerning certain risks and uncertainties that may be made by the US Securities and Exchange Commission, may be obtained from the Pareteum Corporation.

Pareteum Investor Relations Contacts:

Ted O'Donnell
Chief Financial Officer
(212) 984-1096
[email protected]

Stephen Hart
Hayden IR
(917) 658-7878

Carrie Howes
Rayleigh Capital
European- Global IR
+1 416 837 0075

SOURCE Pareteum Corporation

Related Links

http://www.pareteum.com

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