SAN ANTONIO, TX--(Marketwire - February 24, 2011) - ATSI Communications, Inc. (
The Company recently announced that its Board of Directors approved a rebranding initiative and corporate name change to Digerati Technologies, Inc. Upon approval by shareholders, the Company will proceed to conduct business as Digerati, reflecting the brand associated with the majority of its revenue. Aligning the Company's name with its primary brand is expected to increase visibility among current and prospective customers and within the investment community.
Arthur L. Smith, President and Chief Executive Officer of ATSI Communications, commented, "RJ Falkner & Company has been selected due to its expertise in shareholder and investor communications, as well as the relationships that its research analysts have developed within the investment community over the past 41 years. To successfully achieve our corporate rebranding goals, it is imperative that we effectively communicate with our shareholders and potential investors in the Company."
RJ Falkner & Company, Inc. is an investment research and financial communications firm that seeks out undervalued small-cap companies with the potential to outperform the overall stock market on an intermediate and long-term basis. Its research analysts work with the managements of such companies to broaden their exposure within the investment community and expand the level of interest among investment professionals and high-net-worth individual investors. Additional information on RJ Falkner & Company, Inc. is available on the Internet at www.rjfalkner.com.
R. Jerry Falkner, CFA, President of RJ Falkner & Company, Inc., stated, "We look forward to providing Digerati with a full range of investor relations services. As a global provider of cloud-based communication services, we believe Digerati is poised to substantially grow its business. We also believe that we can greatly aid the Company in its rebranding initiative, thereby enhancing customer relationships and shareholder value."
The agreement between ATSI Communications, Inc. and RJ Falkner & Company, Inc. covers one year and provides for assistance with investor relations, press release development, the preparation of independent analyses and research reports, and other related services of benefit to ATSI Communications, Inc. Any forecasts, projections, and/or conclusions contained in the research reports published by RJ Falkner & Company will be independently prepared by RJ Falkner & Company, unless otherwise stated, and will not be endorsed by the management of ATSI Communications, Inc.
In addition, ATSI Communications, Inc. has signed an agreement with Recap Marketing & Consulting, Ltd., of Houston, Texas, to assist with strategic planning through the corporate rebranding and name change. "Recap and its principals have assisted us in the past with our strategic planning, and we look forward to working closely with them again as we position Digerati as an emerging provider of cloud communication services," concluded Smith.
ATSI Communications, Inc., through its wholly-owned subsidiary, Digerati Networks, Inc., has emerged as a premier provider of global cloud-based VoIP services in rapidly expanding markets throughout Asia, Europe, the Middle East, and Latin America. Over the past decade, Digerati has established over 200 global partnerships with foreign carriers and emerging operators in more than 50 countries. In addition to global cloud-based VoIP transport, Digerati provides enhanced VoIP applications, including a fully hosted IP/PBX service, SIP trunking, and customized VoIP solutions for specialized applications. The Company's customer base includes traditional telecommunication carriers, mobile operators, VoIP service providers, calling card companies, Internet service providers, and data service integrators.
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 from 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 present vendors and suppliers, changes in government regulations or other costs associated with data transmission over the Internet or termination of transmissions in foreign countries, and other factors set forth in the Company's Form 10-K and other reports filed with the SEC. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
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For Additional Information Contact:
Jack Eversull
The Eversull Group
(972) 571-1624
214-469-2361 fax
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