ATTP news:
Affordable Telecommunications Technology Signs Definitive Three-Year Marketing
Agreement With AT&T
Wireless
Business/Technology Editors
HOUSTON--(BUSINESS WIRE)--Oct. 25, 2001--Affordable
Telecommunications Technology Corp. (OTC BB:ATTP), a rapidly growing
provider and marketer of wireless telecommunications products and
services, today announced that it has signed a three-year definitive
marketing agreement with AT&T Wireless Services, Inc. (NYSE:AWE), the
largest independent wireless carrier in the United States.
According the agreement, Affordable Telecommunications will market
AT&T Wireless' products and services throughout its retail network.
Affordable currently operates nine retail stores in Texas & Louisiana
under the brand name "The Wireless Store."
Steve Bethke, president and CEO of Affordable Telecommunications
Technology Corp., stated, "AT&T Wireless and its affiliates and
partners hold 850-megahertz and 1900-megahertz licenses to provide
wireless services covering 98% of the United States population. By
partnering with this market-leading carrier, Affordable has positioned
itself as a dominant player in the greater Houston wireless
telecommunications market. We anticipate this agreement will grow
total annual revenues among our stores by $1 million.
About Affordable Telecommunications Technology
Affordable Telecommunications Technology Corp. capitalizes on the
explosive two-way messaging products and services sector- a market
projected to reach $300 million in annual sales with over 11 million
units sold by 2004. Affordable markets pre-paid and post-paid wireless
telecommunications products and services and through 15 retail stores.
The Company employs a 40-person retail sales force. Located in South
Texas and Louisiana, Affordable's retail stores include The Wireless
Store, Camera's Etc. and Beeper Boutique. Affordable is focused on
expanding its distribution channels and lowering customer acquisition
costs. Through its wholly-owned subsidiary, ZMail Media, Affordable
cross-sells its products on public Internet Access Terminals
throughout the U.S.
Certain statements in this news release may contain
forward-looking information within the meaning of Section 21E of the
Exchange Act and Section 27A of the Act. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and objectives
of the company, are forward- looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
For additional information, see www.thewirelessstore.net and
www.otcfn.com/attp.
--30--gk/bos*
CONTACT: Affordable Telecommunications Technology Corp.
Steven H. Bethke
President and CEO
713-988-8884
sbethke@flash.net
or
OTC Financial Network
Eddie Khoury, Investor Relations
877-385-0973 (toll-free)
or 781-444-6100 ext. 644
eddie@otcfn.com
KEYWORD: TEXAS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET NETWORKING
SOFTWARE TELECOMMUNICATIONS
SOURCE: Affordable Telecommunications Technology Corp.
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Oct-25-2001 12:35 GMT
Symbols:
US;ATTP
Source BW Business Wire
Categories:
MST/R/US/TX MST/I/NET MST/I/CMT MST/I/SOF MST/I/TEL |
