SOURCE: Asia Telecom Ltd.

February 06, 2007 09:00 ET

Asia Telecom Ltd. Joint Venture Update

NEW YORK, NY--(Marketwire - February 6, 2007) - Asia Telecom Ltd. (PINKSHEETS: ATLJ) is proud to announce that the Company has opened its own Point of Presence (PoP) in the Russian Federation in Q4 of 2006 through collaboration with its joint venture partner. The technical site for the equipment is shared by the data-center of Golden Telecom Inc.

The Company has also made an application to the "Rossvyaznadzor" for the license to provide all Dial-Up, ADSL and VoIP services to residents in the city of Moscow and surrounding areas.

CEO Ayaz Karimov stated: "The establishment of a technical infrastructure and obtaining the relevant licenses are part and parcel of what it takes for our Company to arrive at its annual revenue target for our joint venture of US$30 million."

About Asia Telecom Ltd.

Asia Telecom Ltd. intends to become a VoIP telecommunications company with a strategic focus on establishing and maintaining operations in Central Asia and Eastern Europe.

Safe Harbor Statement

The preceding includes forward-looking statements, which involve known and unknown risks, and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.

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