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Pareteum Appoints Luis Jimenez-Tuñon to its Board as a New Independent Director

February 22, 16:15 UTC+3

Jimenez-Tuñon Brings Over 15 Years of Senior Telecom Industry Leadership and Operational Expertise with a Focus on Supporting the Acceleration of Pareteum Global Sales Program

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NEW YORK, Feb. 22, 2017 /PRNewswire/. Pareteum Corporation (NYSE MKT: TEUM) ("Pareteum" or the "Company"), a leading international provider of mobile networking software and services, today announced that its Nomination Committee has appointed Mr. Luis Jimenez-Tuñon to the Board of Directors effective March, 1, 2017.

Mr. Jimenez-Tuñon is a distinguished mobile telecommunications industry leader, having served as CEO of Pareteum's largest customer, Vodafone Enabler Spain S.L. ("Vodafone Enabler") from July 2011 to December 2016. In addition to his role at Vodafone Enabler, during a decade at Vodafone, Mr. Jimenez-Tuñon has also held leadership positions at Vodafone Spain where he was responsible for business development and strategy of the group's Mobile Virtual Network Operators (MVNOs), enablers, roaming services, international carriers and wholesale fixed broadband business lines.

"There can be no doubt that Luis is an accomplished industry leader and executive who brings with him invaluable insights, expertise and a global network of relationships that will contribute greatly to our corporate growth plans. We are especially honored that Luis, an early advocate of our platform business and over the past 5 years, one of our most valued partners within Vodafone, has agreed to join us and help build what we believe will be one of the preeminent mobile services and messaging companies in the world," said Hal Turner, Executive Chairman of Pareteum.

"I am excited to be joining Pareteum Board of Directors, having witnessed first-hand the disruptive and transformational impact the Company's technology can have on mobile communications as evidenced by its central role in enabling multiple MNVOs such as Lebara and the launch of Lowi, Vodafone's digital low-cost mobile brand, which continues to earn industry accolades. I look forward to helping the team capitalize on the momentum building behind the Company's mobility cloud platform and its support for the Internet of Things and advanced messaging applications and I have confidence that Hal and his team are building a company that is well positioned to capitalize on the vast potential ahead of it," added Mr. Jimenez-Tuñon.

Mr. Jimenez-Tuñon is currently founder and CEO of Red Queen Ventures, S.L. (www.redqueen-ventures.com) a global high-tech advisory and Investment Company focused on technology, telecom, MVNO/E, satellite and aerospace. As Chief Executive of Vodafone Enabler, he pioneered the Company's innovative business model and powered the launch of Vodafone Spain's second brand Lowi.es which was awarded best Spanish MVNO in 2015 and 2016. Started in 2011, under his leadership, Vodafone enabler boosted its revenue, profit and operational performance, and achieved internationalization. Previously, Luis held several executive positions at Vodafone Spain, including Senior Vice President where he grew business to hundreds of millions of euros in yearly revenue.

Luis began his career in the satellite industry in 2002 holding various positions including Research engineer at the National Space Institute of Denmark and later Deputy Commercial Director of INSA (today ISDEFE), Spain's leading satellite operations company managing NASA and ESA tracking stations. Luis has received several professional and academic awards at international and national levels. Luis earned an Executive MBA from EOI Business School, a Master's Degree in Satellite Communications from Polytechnic University of Madrid, and an MSc in Telecommunications Engineering from the University of Zaragoza in cooperation with the Technical University of Denmark. He also completed the Executive Management Program (SEP) from the Graduate School of business at Stanford University in California, of which he is lifetime alumni. Along with his executive career, Luis has been guest speaker at international business summits and has published several papers.

About Pareteum Corporation:
Pareteum Corporation and its subsidiaries provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise, Saas and IoT markets. Mobile Network Operator (MNO) customers include Vodafone, the world's second largest mobile operator by customer count, Zain, the 4th largest mobile operator in the world in terms of geographical presence and other Tier 1 operators, MVNO customers such as Lebara and Lowi, and partners including Cleartech and Expeto. 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 about Pareteum'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 Pareteum 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, Pareteum 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 Pareteum's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum Corporation.

Shareholder Contact:

Steve Gersten
(813) 926-8920
InvestorRelations@Pareteum.com

Investor Relations Contact:

Jon Cunningham
(407) 712-8969
Jon@RedChip.com

Photo - http://mma.prnewswire.com/media/470463/Pareteum_Corporation_Luis_Jimenz_Tunon.jpg
Logo - http://mma.prnewswire.com/media/435599/Pareteum_Logo.jpg

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