Affordable Telecommunications Signs Letter of Intent to Acquire Zmail Media
/FROM PR NEWSWIRE BOSTON 617-482-5355/
TO BUSINESS AND TECHNOLOGY EDITORS:
Affordable Telecommunications Signs Letter of Intent to Acquire Zmail Media
HOUSTON, Feb. 14 /PRNewswire/ -- Affordable Telecommunications Technology
Corp. (OTC Bulletin Board: ATTP) today announced it has signed a letter of
intent to acquire Zmail Media, Inc., a leading provider of Interactive Public
Access Terminals (iPATs).
Zmail Media is a Houston-based, privately-held company that empowers
communities and individuals with Interactive Public Access Terminals (iPATs)
known as Zstations. The Company offers iPAT terminals and branded Zstations
that utilize high-speed Internet connections. Through Zstations, consumers
can conduct numerous online activities, such as checking e-mail, browsing the
Internet, conducting e-commerce transactions, and printing documents. Unlike
existing public access devices, the Zstation is a versatile digital multimedia
center that allows consumers to access the Internet and replaces the need for
cell phones and personal digital assistants (PDAs).
According to the letter of intent, Affordable will acquire all the
outstanding common stock of Zmail Media. Zmail will retain all of its
executive officers and operate as a wholly owned subsidiary of Affordable.
Terms of the acquisition were not disclosed.
Steve Bethke, president of Affordable Telecommunications Technology,
stated, "We are extremely pleased to announce our intent to acquire Zmail
Media. Zmail organizes specific Web-based and multimedia content into user-
friendly applications. The Zstations network will provide Affordable a
dynamic forum for our advanced voice and data communication technologies, e-
commerce, Internet opportunities, and advertising.
"Zmail Media strengthens Affordable's 2001 growth initiatives. We plan to
cross-promote our retail stores through Zstation terminals as well as utilize
the terminals as a payment center for pre-paid utilities. The synergies
created by this acquisition significantly expand our opportunities to enhance
shareholder value."
Neil Leibman, president and founder of Zmail Media, stated, "We are
pleased to enter into this acquisition agreement. Affordable has built a
diverse and expansive wireless telecommunications product and service line
through partnerships with leaders in the industry. We look forward to
showcasing Affordable's products on our Zstations and expect our relationship
with Affordable to be mutually beneficial."
About Zmail Media
Founded in November of 1999, Zmail Media is engaged in the ownership,
development, deployment, installation, operation and maintenance of Internet
Public Access Terminals (iPATs). The Company's flagship iPATs, called
Zstations, promote dynamic web applications and deliver advanced voice and
data communication technologies, e-commerce, Internet opportunities, and
advertising. Companies across the United States are adopting Zstations as
powerful tools to communicate directly with millions of consumers "on the go".
For more information, see www.zmailmedia.com.
About Affordable Telecommunications Technology Corp.
Affordable Telecommunications Technology Corp. capitalizes on the
explosive two-way Internet messaging products and services sector- a market
that is 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 through 10 retail stores. The
Company also employs a nearly 40-person sales force for direct sales. Located
in South Texas and Louisiana, Affordable's retail stores include The Wireless
Store, Camera's Etc. and Beeper Boutique. The Company also operates a two-way
data network covering the greater Houston Metropolitan area, and will utilize
the network's technology to provide Automatic Meter Reading services in the
near future. For additional information, see thewirelessstore.net.
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including without limitation, continued acceptance of the
Company's products, increased levels of competition for the Company, new
products and technological changes, the Company's dependence on third-party
suppliers, and other risks detailed from time to time in the Company's
periodic reports filed with the Securities and Exchange Commission.
Affordable Telecommunications Technology Corp.
Steven H. Bethke
President and CEO
713-988-8884
sbethke@flash.net
OTC Financial Network
Eddie Khoury, Investor Relations
877-385-0973 (toll-free)
or 781-444-6100 ext 644
eddie@otcfn.com
ZMail Media, Inc.
Neil M. Leibman
President
713.961.9399
investors@zmailmedia.com
SOURCE Affordable Telecommunications Technology Corp.
/CONTACT: Steven H. Bethke, President and CEO of AffordableTelecommunications
Technology Corp., 713-988-8884, sbethke@flash.net; or EddieKhoury, Investor
Relations of OTC Financial Network, 877-385-0973 (toll-free),or 781-444-6100
ext. 644, eddie@otcfn.com; or Neil M. Leibman, President ofZmail Media, Inc.,
713-961-9399, investors@zmailmedia.com/
/Web site: zmailmedia.com
/Web site: thewirelessstore.net
Feb-14-2001 14:03 GMT
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