SOURCE: Asia Telecom Ltd.

March 23, 2007 09:15 ET

Asia Telecom Ltd. Project Update

NEW YORK, NY -- (MARKET WIRE) -- March 23, 2007 -- Asia Telecom Ltd. (PINKSHEETS: ATLJ) (FRANKFURT: HZK) would like to announce that the Company has finished laying all fiber optical cable as stated in its Press Release on January 29, 2007.

The Company also plans to open a number of offices in Central Asia and Eastern Europe and will advise its shareholders of these openings as they occur.

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


    Mike Palmer
    Vice President
    Asia Telecom, Ltd.
    Tel: 646 415 8549