Digerati Technologies Announces Engagement of Newport Capital Consultants, Inc.

SAN ANTONIO, TX--(Marketwire - Apr 19, 2012) - Digerati Technologies, Inc. (OTCBB: DTGI) (OTCQB: DTGI), an established and award-winning provider of cloud communication services, today announced that the Company has engaged Newport Capital Consultants, Inc. to assist with its growth strategy and reaching key corporate objectives. Under the terms of the consulting agreement, Newport Capital Consultants will serve as an advisor to the Company for investment banking, mergers & acquisitions and other consulting related services.

Gary E. Bryant, President of Newport Capital Consultants, Inc., commented, "We are very excited for the opportunity to work with Digerati. The Company's management team has a proven track record of success, having demonstrated the ability to execute in the past and grow their business. We are thrilled to be a part of the team and look forward to assisting Digerati with its business model and diversification strategy that capitalizes on opportunities in the fast-growing cloud communication sector of the industry."

Arthur L. Smith, CEO of Digerati Technologies, Inc., stated, "Gary and Newport Capital Consultants are known for helping micro-cap companies secure financing, mature, and reach key milestones such as listing on a primary stock exchange. We have been there before and felt it was important to align ourselves with a firm that had a background in helping companies meet goals similar to those we have set for Digerati. Gary has 50 years of experience and a reputation for being one of the best in the micro-cap, capital markets industry. We are fortunate to have secured the support of a proven team that believes in our story and our combined ability to increase shareholder value."

Newport Capital Consultants, Inc. is based in Bartonville, Texas with offices in Frisco, Texas. Newport Capital Consultants, Inc. is a full-service consulting firm that specializes in consulting to the capital markets. Newport Capital Consultants executive team has over 60 years of combined experience with consulting and investment banking services. Newport Capital Consultants, Inc. is a member of the National Investment Banking Association (NIBA) www.nibanet.org, as well a member of the Alliance of Merger & Acquisition Advisors (AMAA). In December of 2006, Newport Capital Consultants' President, Gary E. Bryant, received the prestigious "Founders Award" from the National Investment Banking Association.

Digerati is a three-time recipient of Deloitte and Touche's Fast 500 Award for recognition as one of the 500 fastest growing technology companies in North America. Digerati is meeting the global needs of businesses that are seeking simple, flexible, and cost-effective communication solutions. Digerati's cloud-based services include a fully hosted IP/PBX, VoIP transport, SIP trunking, data storage, and customized VoIP solutions for specialized applications. Services are delivered with unparalleled reliability and performance over Digerati's carrier-class global VoIP network, which has been built over the course of a decade. For more information visit www.digerati-inc.com.

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 our present vendors and suppliers, and absence of any change in government regulations or other costs associated with data transmission over the Internet or transmissions in foreign countries.