Pareteum Appoints Industry Veteran Denis McCarthy to New Position of Senior Vice President of Corporate Development

NEW YORK, Feb. 21, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), ("Pareteum" or the "Company"), the rapidly growing Cloud Communications Platform company, today announced that it has appointed Denis McCarthy as Pareteum's Senior Vice President of Corporate Development.

Mr. McCarthy is a seasoned financial and operations executive with broad experience in financial management, mergers and acquisitions, and operational experience in network management, software development, engineering and customer service. He has led both operations and finance teams in Software, Software as a Service (SaaS) and Telecommunications with expertise in acquisition integration.

Mr. McCarthy was previously SVP of Finance and Operations at Mosaic Networx Inc., which delivers cloud-based data and telephony services to enterprises, where he handled all aspects of finance, systems integration, human resources and strategic relationships including merger and acquisition activity. Prior to that, Mr. McCarthy was CFO of AP Telecom, a global sales channel manager for Undersea Cable Installations, and CFO and COO of Pac-West Telecomm, a provider of next generation VoIP solutions for enterprise and communications services providers. Mr. McCarthy began his career and spent nearly ten years in public accounting, providing assurance and advisory services in the high technology and software industry, including telecommunications and bio-tech companies both at Arthur Andersen and RSM.

Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum commented, "I am delighted to work with Denis again as we continue to deliver the vision laid out for our cloud platform: to provide connections to any device, any network, anywhere. Denis' understanding of the industry coupled with his financial and operational acumen make for the perfect blend to analyze and close strategic opportunities that fuel the growth of Pareteum. In working with Denis previously, he was always 'more than a CFO' because of his ability to bring technical thought leadership and deep operational understanding to the discussion. This led to Denis being very successfully active in our sales processes. Pareteum's overall executive team is strengthened with Denis joining us."

"I have been following the dramatic turnaround at Pareteum and am truly excited to join this force of a company. Pareteum has a tremendous opportunity in the market and our turn-key products are unlocking the potential of the Internet of Things and Mobile Communications for companies of any size. That uniquely positions us to deliver value where others cannot and I am honored to be a part of the Teum," added Denis McCarthy, Pareteum's SVP Corporate Development.

About Pareteum Corporation

The mission of Pareteum Corporation (NYSE American: TEUM) is to connect "every person and everything". Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our platform services partners (technologies integrated into our cloud) include: HPE, IBM, Sonus, Oracle, Microsoft, and other world class technology providers. All of the relevant customer acquired value is derived from Pareteum's award winning software, developed and enhanced for many years. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. 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.

Pareteum Investor Relations Contact:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096

Hayden IR
(917) 658-7878

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SOURCE Pareteum Corporation