SOURCE: Asia Telecom, Ltd.

January 19, 2007 09:00 ET

Asia Telecom Announces Results of Operating Subsidiary

NEW YORK, NY -- (MARKET WIRE) -- January 19, 2007 -- Asia Telecom Ltd. (PINKSHEETS: ATLJ) is proud to announce Q4-2006 results for its operating subsidiary in Azerbaijan.

The Company has increased the amount of traffic passing through its VoIP channels in Azerbaijan to 8,500,000 minutes per month. This traffic has translated into Q4-2006 revenues of approximately US$2,500,000.

The Company plans to increase VoIP traffic to 10,000,000 minutes per month by the end Q1-2007. This should lead to Annual revenues exceeding US$12,000,000 by the end of 2007.

CEO Ayaz Karimov stated, "These results position our company to become the second largest operator in the market for long-distance communication in Azerbaijan in terms of volume of incoming and outgoing VoIP traffic after Rostelecom."

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