TLL Proshares Ultrashort Telecommunications

Teletouch Communications, Inc. (AMEX: TLL) announced today that it recently completed installation of its Passport(R)-enabled two-way Logic Trunked Radio or "LTR" network in the Dallas/Fort Worth Metroplex area and surrounding regions. As a result of the recent network completion, Teletouch's Two-Way Systems sales group has already begun adding new Metroplex customers to the Passport-enabled network. "Our new Passport network service provides Teletouch two-way radio customers with cellular phone-type coverage, but at much more competitive pricing for the dispatch services many companies require," stated T.A. "Kip" Hyde, Jr., Teletouch CEO. "We believe that our combination of outstanding service, price and network coverage have been instrumental in attracting companies recently signed for the new Passport service." Passport-enabled radios feature a form of "follow-me roaming," similar to the automatic handoff of signals from tower-to-tower characteristic of cellular radio systems. The LTR radio service includes voice, data and voice mail capabilities. Teletouch's two-way radio network covers territory from approximately the Louisiana state line to the western edge of the Dallas/Fort Worth Metroplex and south toward the Houston metro-area. For many users, two-way radio and LTR systems can be a significant cost-reducing communications alternative to cellular service, due to its cost-free multi-point dispatch capability and unlimited airtime for a fixed monthly fee versus "per-minute" and "per-user" cellular charges. About Teletouch Communications, Inc. Teletouch Communications provides wireless communications and GPS-location based products and services throughout the United States. Teletouch's common stock is traded on the American Stock Exchange under stock symbol: TLL. Additional financial and other information for Teletouch is available at: http://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. Passport is a registered trademark of Trident Micro Systems, Arden, NC.