Biometrics Research Group Recognises ValidSoft as a Leading Provider of Voice Biometrics; Estimates $2.5 Billion Global Market

Biometrics Research Group Recognises ValidSoft as a Leading Provider of Voice
 Biometrics; Estimates $2.5 Billion Global Market across all Sectors in 2015

PR Newswire

LONDON, June 4, 2014

LONDON, June 4, 2014 /PRNewswire/ --ValidSoft UK Limited ("ValidSoft")
(www.validsoft.com), a global supplier of transaction authentication solutions
utilized by financial services companies, governments and business automation
sectors and a subsidiary of Elephant Talk Communications Corp. (NYSE MKT:
ETAK), today announced that it has been featured in a special report,"Speech
and Voice Recognition White Paper" published by Biometrics Research Group,
Inc., an independent research group. In the report, ValidSoft was identified
as one of the global leaders in the field of voice biometrics. According to
the report, the voice biometric market has a potential market size of $2.5
billion globally across all market sectors in 2015, driven by the banking and
financial sector which is estimated to spend at least $750 million on voice
biometrics by 2015.

ValidSoft's logo

The report, which looks at both speech recognition and speaker/voice
recognition, provides a basic analysis of respective market sizes with an
analysis of some of the industry's leading vendors including Nuance
Communications, ValidSoft and VoiceTrust. The research conducted identifies
"champions" in the field of voice biometrics, with ValidSoft receiving
recognition for its core voice biometric capability together with its
implementation of voice biometrics for the mobile channel and financial
services sector, both market segments where ValidSoft is strategically focused
and intends to expand its presence.

"As I presented three weeks ago at the Opus Voice Biometrics conference in San
Francisco, 'Biometrics' is entering the mainstream and user adoption is
accelerating, especially around the application of voice technology in banking
which leads the field in terms of ease of use," said Paul Burmester, CEO of
ValidSoft. "This report is independent support of our voice biometrics engine
and its commercial potential. It is also a reward for the great
accomplishments our staff has achieved in developing this voice biometric
engine."

About ValidSoft UK Limited:
ValidSoft, a subsidiary of Elephant Talk Communications Corp., secures
transactions using personal authentication and device assurance. We help our
customers to reduce fraud losses and improve customers' experience. As part of
our multi-factor authentication, ValidSoft integrates its leading Voice
Biometric engine into multivendor solutions or as a standalone system.
ValidSoft serves multiple clients in the financial, government and business
automation sectors and is the only company to have been granted three European
Privacy Seals, reflecting its commitment to promoting strong data privacy.
Visit: www.validsoft.com.

About Elephant Talk Communications Corp.:
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.

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 may be found 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.

Media Contacts:

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

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

Public Relations:
Michael Glickman
MWG CO
917-596-1883
mike@mwco.net

Elephant Talk Communications' Logo

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SOURCE ValidSoft

Website: http://www.validsoft.com
 
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