SOURCE: ATSI Communications

ATSI Communications

March 18, 2011 12:00 ET

ATSI Shareholders Approve Corporate Name Change to Digerati Technologies, Inc.

Company Announces New Stock Symbol -- "DGTI"

SAN ANTONIO, TX--(Marketwire - March 18, 2011) - ATSI Communications, Inc. (OTCBB: ATSX) (OTCQB: ATSX), announced today that its shareholders have approved an amendment to its Articles of Incorporation that changes the corporation's name to Digerati Technologies, Inc. The name change, effective March 21, 2011, aligns the corporate name with its primary brand and is expected to increase the Company's visibility with its customers, heighten exposure for its accomplishments in the marketplace, and allow for greater positioning within the industry.

The Company has also received approval from the Financial Industry Regulatory Authority ("FINRA") for a stock symbol change to "DTGI" in coordination with the Company's re-branding strategy. The Company's shares will commence trading under the "DGTI" symbol at the opening of the stock market on March 21, 2011.

Arthur L. Smith, President and CEO of ATSI, commented, "The change in our corporate name from ATSI Communications, Inc. to Digerati Technologies, Inc. is consistent with positioning the company as an emerging leader in the cloud communications sector of our industry. We received overwhelming support from our shareholders who voted in favor of the name change, which formally launches our strategic shift from traditional international telecommunication services to global VoIP and cloud-based telephony services. This market opportunity, which is compatible with our existing cloud-based platform and global VoIP network, will allow the Company to take advantage of an industry with a cumulative market capitalization in excess of $43 billion."

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, ut 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.

Contact Information

  • Contact:
    Jack Eversull
    The Eversull Group
    (972) 571-1624
    (214) 469-2361 fax
    Email Contact
    or
    R. Jerry Falkner
    CFA
    RJ Falkner & Company, Inc.
    (830) 693-4400
    Email Contact