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Affordable Telecommunications Technology to Focus on Pre-Paid Telecom Services in Texas

Posted on: Thursday, 14 October 2004, 06:00 CDT

Affordable Telecommunications Technology Corp. (Pink Sheets:ATCT) announces today that the Company will focus its business on the pre-paid telecom services market in the state of Texas. The Company believes that the rapid restructuring of the residential and small commercial pre-paid telephone services markets in Texas provides an outstanding opportunity for the Company to capitalize on.

Affordable Telecommunications Technology estimates that the total residential and small commercial communications marketplace in the United States exceeds $150 billion annually, making it one of the largest consumer markets to undergo competitive regulatory restructuring. In the beginning of 2000, the consumer telecommunications markets in fifty U.S. states were deregulated from the retail telecommunications monopolies. Similar to the deregulation of the long-distance telephone markets, the Company believes that a significant percentage of consumers will be receptive to changing their inflexible telecom providers to more competitive alternatives.

Affordable Telecommunications Technology intends to market a selection of pre-paid telecom services to consumers and businesses in the densely populated Gulf Coast region of Texas through a direct sales force and third-party retail stores. The advantages of this new business plan include much lower overhead costs, a safe revenue stream from pre-paid customers and a large potential target market. Also, with cross marketing and affiliate target selling, a higher percentage of potential consumers will be reached. With a well-seasoned management team and significant consumer marketing and deregulation experience, the Company is confident that its new business direction will be successful.

"Last year, we negotiated our Common Local Exchange Carrier (CLEC) agreement with Houston-based IntraLinc. This agreement allows our Company to offer both local dial tone and toll services. We will develop residential and business services using INTRALINC's CLEC authority and Southwestern Bell's reseller agreements," said Steven H. Bethke, president and CEO of Affordable Telecommunications Technology Corp. "We have recently retained the services of Stock Charter Group and Tiger Capital Corporation. Collectively, these two firms have successfully raised several million dollars for a number of emerging companies. I am confident that we now have all of the necessary components in place to execute our new corporate strategy."

Affordable Telecommunications Technology expects to commence offering its services to consumers in the Gulf Coast region of Texas during the fourth quarter of 2004. During this time the Company will be testing and refining its systems and marketing strategies. In early 2005, the Company plans to further expand its services to consumers in the deregulated markets of the Southwestern United States.

About Affordable Telecommunications Technology Corp.

Affordable Telecommunications Technology Corporation is a development stage telecom services company focused on marketing a selection of pre-paid telecom services. The Company intends to market these services to consumers and businesses in the densely populated Gulf Coast region of Texas through a direct sales force and third-party retail stores.

Safe Harbor Statement

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.

This press release includes "forward-looking statements" 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. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are our estimate of the sufficiency of existing capital sources, our ability to raise additional capital to fund future operations, our assumptions regarding the competitive restructuring and deregulation of the electricity market, competition from utility companies, our dependence on the services of certain key personnel and our ability to manage our growth successfully. In particular, careful consideration should be given to cautionary statements made in the various reports Affordable Telecommunications Technology Corporation files with the Securities and Exchange Commission. The Company undertakes no duty to update or revise these forward-looking statements.

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