Contact Information: Contact: Jack Eversull The Eversull Group 972-991-1672 972-991-7359 (fax) E-mail: Email Contact Web Site: www.atsi.net
ATSI Record Revenues Result in 140% Increase -- Expects Net Earnings --
| Source: ATSI Communications
SAN ANTONIO, TX -- (MARKET WIRE) -- February 6, 2007 -- ATSI Communications, Inc. (OTCBB : ATSX )
announced today that the Company's revenues for the three months ended
January 31, 2007 reached $7,065,000, resulting in its 10th consecutive
quarter of record revenues that increased 140% over the previous fiscal
year's 2nd quarter ended January 31, 2006. In addition to record
revenues, the Company expects to report record gross profit, its 3rd
consecutive quarter of positive cash flow from operations, and positive net
income for its 2nd quarter ended January 31, 2007.
Complete financial results for the 2nd quarter will be announced along with
the Company's filing of its quarterly report on form 10QSB with the
Securities and Exchange Commission. The Company expects a timely filing
of its 10QSB to occur by March 19, 2007.
ATSI President and CEO Arthur L. Smith stated, "We are looking forward to
communicating our full financial results for this impressive quarter. Our
team has continued to deliver on our plan to increase gross profit while
controlling expenses and achieved the desired result of producing positive
cash flow from operations on a consistent basis now for 3 consecutive
quarters."
Ruben Caraveo, Sr. VP of Technology and Operations, added, "Thirty months
of steady improvement in both revenues and gross profit speaks volumes
about the proficient and dedicated staff at ATSI. A track record of
performance at this level can open up windows of opportunity for
consolidation and diversification, both of which are key for building
long-term shareholder value."
ATSI Communications, Inc. operates through its two wholly owned
subsidiaries, Digerati Networks, Inc. and Telefamilia Communications, Inc.
Digerati Networks, Inc. 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 NexTone powered VoIP network, ATSI believes it has clear
advantages over its competition. Telefamilia Communications provides
specialized retail communication services that includes VoIP services to
the high-growth Hispanic market in the United States. 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.
Except for the historical information contained herein, the matters
discussed in this release include certain forward-looking statements, which
are intended to be covered by the safe harbor provided by Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. We have identified forward-looking statements by using words
such as "expect," "believe," "should," "may," "intend," and "anticipate" or
words of similar import. Those statements include, but may not be limited
to, all statements regarding our management's intent, belief and
expectations, such as statements concerning our future and our operating
and growth strategy. Although we believe our expectations are reasonable,
our operations involve a number of risks and uncertainties, and these
statements may turn out not to be true. These risks and uncertainties
include the assumption that we will continue as a going business; our
inability to predict or anticipate changes in regulations or the actions of
domestic and foreign governments; and the continued availability of funds
in amounts and on acceptable terms. More detailed information about ATSI
Communications, Inc. is available in the Company's public filings with the
Securities and Exchange Commission. We believe that the assumptions
underlying the forward-looking statements included in this release will
prove to be accurate. In light of the significant uncertainties inherent
in the forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by us or any other
person that our objectives and plans will be achieved. All forward-looking
statements made in this release are based on information presently
available to our management. We assume no obligation to update any
forward-looking statements, except as required by law.