Elephant Talk Communications Corp. Receives Extension until November 17, 2014 for NYSE MKT Compliance Review

Elephant Talk Communications Corp. Receives Extension until November 17, 2014
                        for NYSE MKT Compliance Review

PR Newswire

OKLAHOMA CITY, May 15, 2014

OKLAHOMA CITY, May 15, 2014 /PRNewswire/ -- Elephant Talk Communications
Corp. (NYSE MKT: ETAK) ("Elephant Talk" or the "Company"), a global provider
of Software Defined Network Architecture (ET Software DNA® 2.0) platforms and
cyber security solutions, today announced that the NYSE MKT LLC (the
"Exchange") has notified the Company that it has extended the review period
for which the Company can work to regain compliance with the Exchange's
listing standards until November 17, 2014.

Elephant Talk Communications' Logo.

Based on the Exchange's review of updated information provided by Elephant
Talk during the prior plan period, the Exchange has determined that, in
accordance with Section 1009 of the Exchange's Company Guide (the "Company
Guide"), Elephant Talk has made a reasonable demonstration of its ability to
regain compliance with Section 1003(a)(iv) by the end of the revised plan
period, or November 17, 2014. The Company will continue to remain subject to
periodic review by the Exchange during the extended plan period. Failure to
make progress consistent with the plan or to regain compliance with the
continued listing standards of the Exchange by the end of the extended plan
period may result in the Company being delisted from the Exchange. The
Exchange has indicated that the November 17, 2014 extension is the maximum
allowable extension under Section 1009 of the Company Guide.

Mr. Steven van der Velden, Chairman and CEO of Elephant Talk, stated,
"Management has been working with the Exchange and we are confident in our
ability to regain compliance with the Exchange's listing standards. With the
appointment of independent directors Geoffrey Leland and Carl Stevens to our
board in March, we were able to cure the corporate governance deficiencies
identified by the Exchange and regain compliance with Sections 802(b) and
803(B)(6)(b) of the Exchange's Company Guide. As we continue to work to
finalize the payment mechanism under our Vodafone contract, we believe that
revenue from our Vodafone contract will, in time, help us regain compliance
with the Exchange's continued listing standards."

About Elephant Talk Communications:
Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a global provider of
mobile proprietary Software Defined Network Architecture (ET Software DNA®
2.0) platforms for the telecommunications industry. The Company empowers
Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs),
Enablers (MVNEs) and Aggregators (MVNAs) with a full suite of applications,
superior industry expertise and high quality customer service without the need
for substantial upfront investment. Elephant Talk counts several of the
world's leading Mobile Network Operators amongst its customers, including
Vodafone, T-Mobile, Zain and Iusacell. Visit: www.elephanttalk.com.

About ValidSoft UK Limited:
ValidSoft UK Limited ("ValidSoft") provides advanced mobile and cloud-security
solutions. ValidSoft's custom-built sophisticated multi-factor authentication
platform (SMART™) takes full advantage of telecommunications and includes a
leading proprietary voice biometric engine. The platform combats electronic
fraud and safeguards consumer privacy across internet, mobile banking, card,
mobile and fixed line telecommunication channels. The company counts some of
the 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
Elephant Talk's plans and objectives, projections, expectations and
intentions. These forward-looking statements are based on current
expectations, estimates and projections about Elephant Talk'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, including, without limitation, the
ability of the Company to regain compliance with the listing standards of the
NYSE MKT LLC. Because such statements involve risks and uncertainties, the
actual results and performance of Elephant Talk 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, Elephant Talk
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 Elephant Talk's filings with
the Securities and Exchange Commission (the "SEC"), copies of which are
available from the SEC or may be obtained upon request from Elephant Talk.

Contacts:

Investor Relations:
Steve Gersten
Elephant Talk Communications Corp.
813-926-8920
Steve.Gersten@elephanttalk.com

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

Public Relations:

Michael Glickman
MWG CO
917-596-1883
mike@mwgco.net

ValidSoft's logo.

Logo - http://photos.prnewswire.com/prnh/20120917/MM75872LOGO

Logo - http://photos.prnewswire.com/prnh/20120917/MM75492LOGO

SOURCE Elephant Talk Communications Corp.

Website: http://www.validsoft.com
Website: http://www.elephanttalk.com
 
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