Dawson James Securities Announces the Completion of Best Efforts Public Offering for Pareteum Corporation of $1,569,750 Gross Proceeds

BOCA RATON, FL / ACCESSWIRE / October 10, 2017 / Dawson James Securities, Inc. in conjunction with Pareteum Corporation (NYSE American: TEUM) announced the closing today of a best efforts public offering of 1,495,000 shares of the Company’s common stock priced at $1.05 for approximate gross proceeds of $1,569,750. Dawson James Securities, Inc. acted as the sole manager for the offering and utilized its Diversified Investor Offering™ structure including both institutional and retail investors. Pareteum intends to use the net proceeds for working capital and general corporate purposes

The shares described above were offered by Pareteum Corporation pursuant to a registration statement previously filed with, and subsequently declared effective by the Securities and Exchange Commission (”SEC”). A final prospectus supplement relating to the offering was filed with the SEC and is available, along with the accompanying base prospectus, on the SEC’s website at http://www.sec.gov, or by contacting Dawson James: 1 N. Federal Hwy; Suite 500, Boca Raton, FL 33432 ATTN: Prospectus Department.

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. 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.

About Dawson James Securities

Dawson James Securities specializes in capital raising for small and microcap public and private growth companies primarily in the Life Science/Health Care, Technology and Consumer sectors and is a full service investment banking firm with research, institutional and retail sales, and execution trading and corporate services. Headquartered in Boca Raton, FL, Dawson James is privately held with offices in New York, Maryland and New Jersey. www.dawsonjames.com

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A Of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words ”believes,” ”expects,” ”anticipates,” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements.

Member FINRA/SIPC. For more information, please contact:

Elise Stern, Managing Director, Head of Capital Markets
estern@dawsonjames.com
561-208-2926

SOURCE: Dawson James Securities, Inc.

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