Contact Information: Contact: Jack Eversull The Eversull Group 972-378-7917 or 972-571-1624 972-378-7981 (fax) E-mail: Web Site: www.atsi.net
ATSI Communications Ranks 57 on Deloitte's '2009 Technology Fast 500' Fastest Growing Companies in North America
Growth Rate of 3,246%, Previously Ranked 383 on Deloitte's 2008 Fastest Growing List
| Source: ATSI Communications
SAN ANTONIO, TX--(Marketwire - October 20, 2009) - ATSI Communications, Inc. (OTCBB : ATSX ) was
ranked 57 by Deloitte in the '2009 Technology Fast 500' for the fastest
growing companies in North America. The 'Fast 500' includes technology,
media, telecommunications and life sciences companies in North America and
is based on percentage fiscal year revenue growth over five years
(2004-2008). ATSI recorded 3,246% revenue growth over this time period.
Phil Asmundson, Vice Chairman and U.S. Technology, Media and
Telecommunications leader, Deloitte LLP, stated, "Technology Fast 500
recognizes innovative companies that have broken down barriers to success
and defied the odds with their remarkable five-year revenue growth. We
congratulate ATSI Communications on this accomplishment."
Art Smith, CEO of ATSI, exclaimed, "This is a tremendous achievement for
our team that further validates our performance and contributes to our
track record of success. Although the recession has diminished our growth
over the last several quarters, we have seen some improvement recently and
are using this experience to improve our products, expand our customer
base, and return to a growth mode."
ATSI Communications, Inc. operates through its wholly owned subsidiary,
Digerati Networks, Inc. Digerati Networks is a premier global VoIP carrier
serving rapidly expanding markets in Asia, Europe, the Middle East, and
Latin America, with an emphasis on Mexico. Through Digerati's partnerships
with established foreign carriers and network operators, interconnection
and service agreements, and a NextPoint powered VoIP network, ATSI believes
it has clear advantages over its competition. ATSI also owns a minority
interest of a subsidiary in Mexico, ATSI Comunicaciones, S.A. de C.V.,
which operates under a 30-year government issued telecommunications
license.
The information in this news release includes certain forward-looking
statements that are based upon management's expectations and assumptions
about certain risks and uncertainties that can affect future events.
Although management believes these assumptions and expectations to be
reasonable on the date of this news release, these risks and uncertainties
may cause actual events to differ material from managements those contained
in this news release. The risks and uncertainties include, but are not
limited to, continuing as a going concern, availability and cost of our
present vendors and suppliers, and absence of any change in government
regulations or other costs associated with data transmission over the
Internet or termination of transmissions in foreign countries.