SOURCE: Asia Telecom Ltd.

March 16, 2007 09:15 ET

Asia Telecom Ltd. Shareholder Update

NEW YORK, NY--(Marketwire - March 16, 2007) - Asia Telecom Ltd. (PINKSHEETS: ATLJ) (FRANKFURT: HZK) would like to announce that the Company has applied for a new CUSIP number and will be seeking a symbol change. The Company has ordered the NOBO list as the company seeks to help shareholders find answers to naked short selling.

Vice President Mike Palmer stated: "This is one more attempt made by our Company to reflect the desire to preserve share value for our shareholders."

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.

Contact Information

  • CONTACT:
    Mike Palmer
    Vice President
    Asia Telecom, Ltd.
    Tel: 646 415 8549
    E-mail: atljinfo@yahoo.com