Elephant Talk Communications, Inc. (OTC BB: ETAK), an international telecom and multimedia content distributor, specialized in carrier grade mobile enabling platforms, today announced that it has entered into a letter of intent to acquire controlling interest in ValidSoft Limited. ValidSoft is an emerging global leader in preventing electronic bank theft, credit card fraud, and identity theft. Through its proprietary software, ValidSoft provides strong mobile authentication, transaction verification capabilities and location based services. ValidSoft's software allows organizations to quickly implement solutions that protect against the latest sophisticated fraud.
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