Recent  milestones for mobile product line:
    
      |   |  · |  On  April 29-30, 2015 Elephant Talk North America was invited to be present at the  Verizon Partner Summit in Miami as one of three vendors participating, along  with Coriant and Cisco. Elephant Talk North America was highlighted from the  stage as the intended partner to power VPS’s new pre-paid MVNO offerings in  North America. In the United States ETNA will, if selected, provide the platform  for VPS’s Pre-Paid program as a branded “Powered by Elephant Talk”  solution. |     
      |   |  · |  On January 29, 2015 we  announced the appointment of Dr. Armin G. Hessler (formerly Vodafone) and Martin  Zuurbier, the current CTO of Elephant Talk, as co-Presidents of our mobile  platform business effective on April 1, 2015. Both will report to Mr. Steven van  der Velden, Chairman and CEO. |     
      |   |  · |  On January 21, 2015 we  announced that LOWI, the Low–Cost Brand of Vodafone has been launched on  Elephant Talk’s fully redundant mobile platform in Spain, joining virtual  operators like Lebara, BT, Eroski, NEO and  HITS. |     
      |   |  · |  On December 22, 2014 Affirmed  Networks and Elephant Talk Communications Corp. (NYSE MKT: ETAK), global leaders  in virtualized mobile networks, announced the deployment of Affirmed Networks’  Network Functions Virtualization (NFV) solution, called the Affirmed Mobile  Content Cloud™, as part of Elephant Talk’s Software Defined Network Architecture  mobile Software DNA® 2.0 platform with mobile operators in Europe and the Middle  East. Affirmed Networks and Elephant Talk are providing current and future  clients with a fully virtualized Evolved Packet Core, encompassing a breadth of  capability and services for 3G and 4G core  networks. |     
     
    
   Recent  milestones for the ValidSoft security product line:
    
      |   |  · |   On May  12, 2015 ValidSoft announced that the Company has been selected as the preferred  voice biometrics technology provider for ImageWare Systems going forward.  ImageWare ® Systems, Inc. (OTCQB: IWSY) is a  market leader in providing identity management solutions, delivering a single  platform of best in class biometric solutions to manage millions of identities  worldwide with a varied client and partner portfolio including TransUnion,  Fujitsu, IBM and CA Technologies.
    
   On  April 1, 2015 ValidSoft announced the signing of a significant new commercial  customer contract for its newly enhanced User Authentication platform featuring  its Voice Biometric technology with a large US-based  corporation.
 
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      |   |  · |  On February 24, 2015  ValidSoft announced that it has launched its Device Trust solution with another  major UK retail bank with its partner FICO (NYSE:FICO). This is the second such  agreement announced for this solution in the UK and continues building on the  successful partnership with FICO. The new client, unnamed for security reasons,  is the largest UK deployment of this solution to date for  ValidSoft. |     
      |   |  · |  On January 14, 2015, research  group Technavio highlighted ValidSoft as one of the 3  leading vendors for voice biometrics, a market that Opus Research predicts to be worth $574 million by  2017. |     
      |   |  · |  On November 2, 2014 ValidSoft  expanded its business to Northern America and appointed Shawn Edmunds as  Vice-President Northern America. |      |