SOURCE: Asia Telecom, Ltd.

January 29, 2007 09:00 ET

Asia Telecom Announces Project Update

NEW YORK, NY -- (MARKET WIRE) -- January 29, 2007 -- Asia Telecom Ltd. (PINKSHEETS: ATLJ) is proud to announce an update on one of its many ongoing projects in Azerbaijan.

The Internet service provider (ISP) division of Asia Telecom Ltd. commenced operations in June 2005. It is a provider of dial-up and ADSL services in the territory of Azerbaijan. This division today manages at least 18% of the dial-up market in Azerbaijan and recently began providing ADSL (Broadband) services in Q4 of 2006.

In Q4 2006, the ISP division began the construction of its own data transmission network and placement of DSLAM equipment for the assignment ADSL (Broadband) services in Baku city, Azerbaijan. As of the end of Q4 - 2006, the company has laid a significant portion of the planned 200 km of fiber-optical cable. The completion of this project is scheduled for the end of February 2007.

CEO Ayaz Karimov stated: "This initiative in Azerbaijan, and others like it, will serve to solidify our position as a significant player in the Central Asian market for dial-up, ADSL and related services."

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:

    Asia Telecom, Ltd.
    Mike Palmer
    Tel: (646) 415-8549
    Email: Email Contact