Elephant Talk Communications Corp. signed an acquisition agreement to acquire all assets of Telnicity, LLC for $0.99 million.
The deal is subject to certain closing conditions. The Boards of Directors of Elephant Talk Communications, Corp. and controlling shareholders of Telnicity, LLC have approved this transaction. The transaction is expected to close on or before March 8, 2013. Peter Salkowski of The Blueshirt Group acted as investor relations advisor to Elephant Talk Communications. Fishburn Hedges acted as public relations advisor in the deal.