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Elephant Talk Receives $10 Million Service Prepayment as part of New 5 Year Contract with Existing MNO Client in Europe



 Elephant Talk Receives $10 Million Service Prepayment as part of New 5 Year
                 Contract with Existing MNO Client in Europe

Increased capabilities positions the Software-DNA™platform for the roll out to
other geographies

PR Newswire

OKLAHOMA CITY, Dec. 13, 2013

OKLAHOMA CITY, Dec. 13, 2013 /PRNewswire/ -- Elephant Talk Communications
Corp. (NYSE MKT: ETAK) (the "Company" or "Elephant Talk"),
(www.elephanttalk.com), a leading international provider of mobile proprietary
Software Defined Network Architecture (Software DNA™) platforms and a market
leader in providing cyber security solutions to counter electronic fraud in
the cloud, today announced that the Company has signed a 5-year extension with
an existing Mobile Network Operator (MNO) in Europe. Under the financial terms
of this new contract, the Company expects that hosting fees will increase
approximately 13%, on average, per SIM per month, in exchange for improved
service levels. Elephant Talk will receive continuous prepayments of
approximately $10 million for the duration of the contract.

(Logo:  http://photos.prnewswire.com/prnh/20120917/MM75872LOGO)

Steven van der Velden, Chairman and CEO of Elephant Talk stated: "We are
excited to enter this next phase in our relationship with this leading mobile
operator. With this new contract, we will receive continuous prepayments of
$10 million+ for the duration of the contract. This next phase is a key
milestone for the Company as we further deploy our enhanced Software-DNA™
platform designed to support the high-level operational requirements of
today's mobile carriers. It is equally as important for us to service the
needs of their multiple wholesale customers (MVNOs) and millions of end-users.
Through this contract, our client has demonstrated their commitment to our
partnership and continues to provide critical validation of our platform and
software capabilities.  We are pleased to play a critical role in enabling
this MNO to meet its ambitious growth and commercial targets."

Martin Zuurbier, CTO Elephant Talk commented: "This contract is the result of
a strong business collaboration and commitment to high standards between our
two organizations, and our mutual efforts to further build upon our
world-class Software-DNA™ platform. As a result of this combined product
development effort, we believe that Elephant Talk's platform is now well
positioned to provide services to our partner's other European geographies."

About Elephant Talk:

Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a leading
international provider of mobile proprietary Software Defined Network
Architecture (Software DNA™) platforms for the telecommunications industry
that empower Mobile Network Operators (MNOs) and Mobile Virtual Network
Operators (MVNOs), Enablers (MVNEs) and Aggregators (MVNAs) with a full suite
of applications, Full OSS/BSS Systems, Delivery Platforms, Support and Managed
Services, on-site, cloud, hybrid and S/PaaS solutions, including Network,
Mobile Internet ID Solutions, Secure Remote Access Management, Loyalty
Management and Transaction Processing Services, superior Industry Expertise
and high quality Customer Service without substantial upfront investment.
Elephant Talk counts several of the world's leading Mobile Operators amongst
its customers, including Vodafone, T-Mobile, Zain and Iusacell. Visit:
www.elephanttalk.com. 

About ValidSoft:

ValidSoft provides advanced mobile- and cloud-security solutions. ValidSoft
has developed a custom-built sophisticated multi-factor authentication
platform (SMART™) for the mobile world, which takes full advantage of mobile
telecommunication channels and devices and includes a leading proprietary
voice biometric engine. These solutions combat electronic fraud and safeguard
consumer privacy across internet and mobile banking, credit/debit-card and
(mobile and fixed line) telephony channels. ValidSoft's solutions are used to
verify the authenticity of both parties to a transaction (Mutual
Authentication), ensure the fidelity of telecommunication channels (Secure
Communications), and confirm the integrity of transactions themselves
(Transaction Verification) – in each case in a manner which is scalable for
the mass market, cost-effective, secure and easy to use and deploy. The
company counts some of the world's largest financial institutions among its
customers. ValidSoft is the only security software company in the world that
has been granted three European Privacy Seals. Visit: www.validsoft.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
the Company's plans and objectives, projections, expectations and intentions.
These forward-looking statements are based on current expectations, estimates
and projections about the Company'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 the Company 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, the Company 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 the Company's filings with the Securities and
Exchange Commission (SEC), copies of which are available from the SEC or may
be obtained upon request from the Company.

Contacts:

Investor Relations:
Steve Gersten
Elephant Talk Communications Corp.
+ 1 813 926 8920
Steve.Gersten@validsoft.com

Thomas Walsh
Alliance Advisors
+ 1 212 398 3486
twalsh@allianceadvisors.net

Public Relations:
Michael Glickman
MWG CO
(917) 596.1883
mike@mwco.net

SOURCE Elephant Talk Communications Corp.

Website: http://www.elephanttalk.com
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