Pareteum's Partner Airfox Launches Mobile App in Brazil

Provides Unbanked Citizens Access to Previously Inaccessible Financial Services

NEW YORK, Feb. 27, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), the rapidly growing Cloud Communications Platform company, wishes to congratulate partner Airfox for the successful launch of their new mobile app in Brazil, giving unbanked citizens access to previously inaccessible Financial Services.  Airfox sets the tone for a successful week ahead at Mobile World Congress 2018 with this announcement.

Vic Bozzo, CEO of Pareteum stated, "We are supporting Airfox in this opportunity for mobile operators and MVNOs to add subscribers and enable consumers who might have been excluded from participating in the global economy. Applications, social media, gaming, and other options are offered by the application store.  This is one example of how the industry is finding new ways to improve quality of life."

"This successful launch bodes well for our partners, Airfox, and for Pareteum, in fundamental revenue growth and profitability.  This new service offering in Brazil extends TEUM's abilities for person to person mobile payments, that are trusted. Pareteum and Airfox form a highly complementary technology partnership. It is exciting to see these new technologies allowing for deeper market penetration," commented Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum.

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:

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