Investor
Relations

Chairman’s Letter to Shareholders

Pareteum Prices $40 Million Offering of Common Stock and Warrants to Eliminate Outstanding Indebtedness

Led by Two Institutional Investors, and Hoving & Partners, Pareteum’s Largest Shareholder

Dear Fellow Shareholders,

I am pleased to report that Pareteum has entered into agreements for a $40 million financing.

This capital raise enables the company to fully repay its senior secured loan to Post Road Group.

Furthermore this capital raise sees new institutional shareholders join forces with our single largest shareholder, Hoving & Partners, reflecting long term confidence in the fundamental strength of the business.

The gross proceeds to the Company from the offering, before deducting the placement agent and other estimated fees and expenses, are approximately $40 million.

Pareteum intends to use approximately $30 million of the net proceeds to eliminate certain outstanding indebtedness. The balance will be used for working capital and general corporate purposes.

Pareteum remains in robust health and, with the elimination of this indebtedness, is extremely well positioned to exploit the huge market opportunity ahead of us.

All good wishes and thanks to you, our shareholders.

Robert H. Turner
Founder, Executive Chairman & CEO

 

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.




About Pareteum

Millions of people and devices are connected around the world using Pareteum’s Global Cloud Communications Platform, enhancing their mobile experience. Pareteum unleashes the power of applications and mobile services, bringing secure, ubiquitous, scalable, and seamlessly available voice, video, SMS/text messaging, and data, media and content enablement to our customers, making worldwide communications services easily and economically accessible to everyone.

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