Contact Information: Contact: Jack Eversull The Eversull Group 972-378-7917 972-378-7981 (fax) E-mail: Web Site: www.atsi.net
SAN ANTONIO, TX--(Marketwire - November 13, 2007) - ATSI Communications, Inc. (OTCBB : ATSX )
announced today that the Company's revenues for the three months ended
October 31, 2007 reached $9,420,000, a 44% increase over revenues of
$6,530,000 for the three months ended October 31, 2006. ATSI also reported
that it achieved a record quarterly gross profit that accomplishes a key
Company objective in FY2008 of improving gross margin and cash flow from
operations. In addition to record gross profits, the Company produced its
6th consecutive quarter of positive cash flow from operations and positive
net income for the 1st quarter ended October 31, 2007 when adjusted for
non-cash items.
The Company expects to report complete financial results for its 1st
quarter FY2008 with the Company's filing of its report on form 10QSB with
the Securities and Exchange Commission. The Company expects a timely
filing of its 10QSB to occur by December 17, 2007.
ATSI President and CEO, Arthur L. Smith, stated, "In addition to gross
profit improvement, we met other key objectives during the quarter that
included enhancing our management team and securing new agreements with top
tier accounts. The growth trend continued in our core VoIP business that
processed a record volume of 135 million minutes of use ("MOU") during the
quarter."
ATSI Communications, Inc. operates through its two wholly owned
subsidiaries, Digerati Networks, Inc. and Telefamilia Communications, Inc.
Digerati Networks, Inc. is a premier global VoIP carrier serving rapidly
expanding markets in Asia, Europe, the Middle East, and Latin America, with
an emphasis on Mexico. Through Digerati's partnerships with established
foreign carriers and network operators, interconnection and service
agreements, and a NexTone powered VoIP network, ATSI believes it has clear
advantages over its competition. Telefamilia Communications provides
specialized retail communication services that include VoIP services to the
high-growth Hispanic market in the United States. ATSI also owns a
minority interest of a subsidiary in Mexico, ATSI Comunicaciones, S.A. de
C.V., which operates under a 30-year government issued telecommunications
license.
The information in this news release includes certain forward-looking
statements that are based upon management's expectations and assumptions
about certain risks and uncertainties that can affect future events.
Although management believes these assumptions and expectations to be
reasonable on the date of this news release, these risks and uncertainties
may cause actual events to differ material from managements those contained
in this news release. The risks and uncertainties include, but are not
limited to, continuing as a going concern, availability and cost of our
present vendors and suppliers, and absence of any change in government
regulations or other costs associated with data transmission over the
Internet or termination of transmissions in foreign countries.