SOURCE: Asia Telecom Ltd.

March 08, 2007 13:30 ET

Asia Telecom Ltd. Shareholder Update

NEW YORK, NY--(Marketwire - March 8, 2007) - Asia Telecom Ltd. (PINKSHEETS: ATLJ) is proud to announce that the Company has been listed on the Frankfurt Stock Exchange (http://deutsche-boerse.com) under the trading symbol HZK.F (FRANKFURT: HZK.F).

The Company would also like to allay the concerns of its shareholders by re-stating its commitment to increasing the net worth of the company and enhancing share value.

CEO Ayaz Karimov stated: "There has been no further dilution in the share structure of the Company. Our Company has not amended or restructured its share structure since January 2007 and there are no plans to do so, especially since our Company is planning to become a fully reporting issuer and this process could take several months."

A more formal update on the various projects and initiatives undertaken by the Company is expected before the end of Q1-2007 (March 31st).

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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