AirTouch-LightSquared Partnership Is Strengthened by a Proven Mobile Virtual Network Enabler
Dallas, Texas (December 14, 2011) – StockGuru Shines its Spotlight on AirTouch Communications (OTCBB: ATCH). The Company announced yesterday that it has signed a Letter of Intent with Elephant Talk Communications Corporation (NYSE Amex: ETAK) for the implementation of a Mobile Virtual Network Enabler (MVNE)Platform in the United States connected to the Mobile Network of the LightSquared 4G LTE network. The agreement stipulates that Elephant Talk will provide a full Mobile Virtual Network Enabling system that includes a Gateway Support Network (GGSN), IN Intelligent Networking Platform, a Customer Relationship Management platform (CRM), a Full Rating & Billing Platform and a STP/Signaling Platform for AirTouch to launch its services in the United States. It is estimated that a definitive agreement between parties will be reached shortly. The Company closed on December 13, 2011, at $2.20, trading in a fifty-two week range of $4.90 – 1.85.
Hide Kanakubo, AirTouch CEO, said, “We are extremely pleased to be affiliated with Elephant Talk, which has a strong, international track record of providing its partners with a full suite of integrated support coupled with cutting-edge technology, all at affordable rates. This is a step for AirTouch to be a cost effective provider of mobile phone services directly to our customers with 4G LTE service from LightSquared and all transactions enabled by Elephant Talk.”
“Elephant Talk offers many advantages to our partners, such as an established and proven record in several deployment models and geographies, integrated organization, flexibility, and lower total cost of ownership, avoiding awkward, expensive hardware upgrades and software licensing renewals,” said Elephant Talk CEO Steven van der Velden. “We look forward to expanding our footprint in the U.S. in conjunction with AirTouch and its partner, LightSquared.”
AirTouch products converge various services including voice, data/Internet, security services and video over the cellular network. AirTouch provides next generation, high-performance, consumer friendly cellular cordless telephone technology and wireless signal amplification products to businesses and consumers. These include its cell@home, HomeConnex, UFO and Focal Point products which are and will be sold through various channels.
Using the LightSquared network, AirTouch intends to offer its own branded wireless connectivity, opening up an important new revenue stream. Consumers and businesses that purchase AirTouch products will be able to conveniently sign up for accompanying AirTouch wireless connectivity for those devices. AirTouch plans to offer its devices through LightSquared’s other wholesale partners as well.
AirTouch intends to offer a variety of home/office/small PBX wireless communication equipment to truly converge various services on one hardware platform and offer many applications distinctively dedicated for home/office applications. Elephant Talk’s proprietary software will enable AirTouch to offer embedded PBX solutions without deploying an expensive hardware platform.
About AirTouch® Communications
AirTouch® Communications, Inc. is engaged in the development and marketing of patented telecommunications devices capable of converging voice, data, video, security, entertainment and other advanced communications services from various service providers on one piece of hardware. We currently hold three patents for our unique combination of cordless telephone technology and wireless signal amplification which enables consumers and business to access voice, data, and other applications and services over the cellular wireless network.
About Elephant Talk Communications
Elephant Talk Communications Corp. (NYSE Amex: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services.
Forward-Looking Statement
This press release contains forward-looking statements. These statements relate to future events or our future financial performance, including but not limited to statements regarding the success of our relationships with LightSquared and Elephant Talk, the future distribution and sale of our telecommunications devices and mobile phone services, the demand for our telecommunications devices and mobile phone services in the U.S., and our ability to obtain purchase orders from U.S. carriers. These statements involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements including but not limited to the absence of any purchase orders, agreements or commitments at this time on the part of any carrier to purchase our telecommunications devices, risks relating the implementation and start-up of our mobile phone services via LightSquared and Elephant Talk, the risk that our telecommunications devices and mobile phone services may not be accepted by the U.S. market and markets in other developing countries and those other risks set forth in our registration statement on Form S-1 filed with the SEC on September 29, 2011. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential” or “continue” or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. We undertake no obligation to update any of the forward-looking statements after the date of this release to conform those statements to reflect the occurrence of unanticipated events or otherwise, except as required by applicable law.
To get free alerts on this and other similar stocks, please register here:
What is the StockGuru Spotlight?
Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.
StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.
To feature a company in The StockGuru Spotlight please contact the Publisher at [email protected]. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: [email protected].
Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
John Pentony, Publisher, Stockguru.com
Tel: +1 469 252 3031
e-mail: [email protected]