More transcription of yesterday's CC. Parentheses mark a word that was not entirely clear.
Comments from Pat Carroll:
"Going forward, Elephant Talk will remain committed to the expansion of our mobile services and has already engaged in preliminary discussions regarding entries into various markets in the Americas, Europe and the middle east. We believe that we are well-positioned to significantly expand our geographical footprint and increase revenue throughout 2012. And as indicated earlier, we expect to enter into our first north American contract later this month.
Our team has continued the strategy of focusing our efforts on a number of key opportunities and we remain on target to achieve success in Q4. Regarding our European government welfare recipient self-certification project, I am very happy to report that we are now in the final week of the live trial. On the technical front we continue to perform very well indeed and we are very pleased with the results achieved. We look forward to a successful conclusion to the live trial and planning the next stage of this strategic project which has already opened the door to a number of other significant opportunities in 2012 with other European countries.
Continuing on the business front, on my previous quarterly updates our reports have been exactly completed. Our first mainland European proof-of-concept to a major processor representing an entire geographic region and 22 banks. We look forward to the coming weeks this Q4 to move forward with commercial discussion and planning live production. In summary, activity for commercialization, monetization of valid-pos continues on numerous fronts within the UK, Europe, asia and the pacific. Finally, but not least of all, in my previous updates i reported that we executed a key strategic partnership with Adeptra, the global market leader in consumer owner resolution technology. Among its many customers Adeptra is used by the majority of leading retail banks across the UK, Europe, North America and apac (?). I reported that our relationship with Adeptra had already resulted in a combined solution to address a significant worldwide market opportunity which has already been taken up by a top five global (financial?) institution. Adeptra and validsoft have now completed the technical integration and we await the signed contract to move into production which we anticipate before the end of this quarter.
This one (?) lays the foundation for a collaborative approach for Adeptra for significant commercial opportunity for market penetration throughout 2012. In closing this update I believe that we are very well positioned to close out Q4 with significant milestones. I believe that our company is at an inflection point in the market in terms of the appreciation and need for the solutions we offer and I fully expect to see the realization, monetization of these (?) in 2012."
