TLL Proshares Ultrashort Telecommunications

Teletouch Communications, Inc. (AMEX:TLL), a leading U.S. provider of two-way wireless communications, data and messaging solutions, announced today that it will be presenting at the 7th annual AeA Micro Cap Financial Conference, specifically organized for technology companies under $200 million in annual sales or market cap, on May 17, 2005. During the event, T. A. "Kip" Hyde, Jr., CEO of Teletouch, and J. Kernan Crotty, President and CFO, will discuss the current businesses and recent entry into the GPS Asset Location Services ("ALS") market. The conference will be held May 15-17, 2005, at the Monterey Plaza Hotel in Monterey, CA. Mr. Hyde and Mr. Crotty are scheduled to present on Tuesday, May 17, at approximately 9:30amPST in the Monterey Bay main ballroom. The company will also host six thirty-minute breakout sessions in the afternoon. For a complete schedule, or to register to attend the conference, please visit www.aeanet.org/microcap. The annual AeA conference provides a forum for executives from some 120 technology companies and an expected more than 300 investors to meet in small groups to discuss corporate strategies, technology, market trends and investment criteria. Teletouch, long known for its high quality two-way communications services throughout the Southeast, is re-energizing its foray into ALS using machine-to-machine, call center and internet technologies supporting GPS-tracking in the automotive and security business. The AeA conference provides a unique opportunity for interested investors from around the country to meet with Teletouch's executive management. About Teletouch Teletouch Communications provides sophisticated, yet affordable telemetry and GPS-location based mobile asset monitoring solutions used for fleet management, automotive asset tracking and "worker-down" emergency notification products and services. In addition to its telemetry business, Teletouch offers cellular, two-way radio communications and wireless messaging services throughout the United States. Teletouch's common stock is traded on the American Stock Exchange under stock symbol: TLL. Additional business and financial information for Teletouch is available at www.Teletouch.com. All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward- looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Additional Factors That May Affect Our Business" in the Company's most recent Form 10-K and 10-Q filings. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statement.