TLL Proshares Ultrashort Telecommunications

Teletouch Communications, Inc. (AMEX:TLL), a leader in wireless messaging, and GPSi, LLC today announced the signing of a comprehensive dealer agreement aimed at providing cost-effective fleet-management solutions for small- to mid-sized business and government vehicle fleets. Pontiac, Mich.-based GPSi, which operates the Guidepoint(TM) telematics system, is providing Teletouch with a private-label fleet management solution to be sold under the VTrax(TM): Powered by Guidepoint(TM) brand. Teletouch recently began offering the new fleet solution to its Two-Way Radio Systems commercial and government customers in Texas, and will begin offering the VTrax products throughout the country later this month. The new dealer agreement expands on Teletouch's current contractual relationship with GPSi to provide response center and help-desk services for Guidepoint users in the U.S. and Canada. Guidepoint is a comprehensive technology and service solution for stolen vehicle recovery, driver safety/convenience and fleet management that integrates GPS satellites, wireless technology, the Web and 24/7/365 call centers in the U.S. and Mexico. Teletouch customers can reach the new fleet services group by calling toll-free, 888-GPS-FIND (888-477-3463), or by logging on to http://www.teletouch.com/vtrax_login.htm. The VTrax: Powered by Guidepoint fleet solution is targeted to small and mid-size enterprises with fleets of 2-to-200 vehicles. Designed with a "less is more" philosophy, VTrax offers the features most desired by small fleet operators, including ignition on/off and history reporting, stop reporting, and location-based tracking. VTrax delivers a complete tracking solution that fits a variety of business and government applications, including everything from contractors and mobile sales forces, to HVAC and delivery services, school districts and utilities. Guidepoint's fully digital system operates on the Cingular(R) GSM/GPRS/Edge nationwide network. Plus, Guidepoint's fleet solution offers a number of special features, including an optional in-vehicle panic button, with 24/7/365 response center assistance and stolen vehicle recovery and emergency support. "We're pleased to expand our relationship with Teletouch to provide a cost-effective and feature-rich fleet solution for small- to mid-sized enterprises, which we feel have been vastly underserved," said Rand Mueller, President and CEO of GPSi. "There are literally thousands of smaller, 2-to-200 vehicle fleets that can achieve significant and immediate returns on investment through improved asset management, insurance discounts and the cost-saving benefits of using a GPS-based solution to manage their fleets." T. A. "Kip" Hyde, Jr., Teletouch CEO added, "Given recent record gas prices, many companies and government agencies are taking a renewed and vigorous look at the use of their fleets, especially with respect to 'approved' versus 'personal' use. We have seen reductions of fleet vehicle use by as much as twenty-five percent, once vehicle tracking systems have been installed. The VTrax product line nicely complements our broader GPS-based telemetry solutions offering." About GPSi GPSi develops and markets telematics solutions for the automotive aftermarket. Based in Pontiac, Mich., GPSi draws on more than three decades of experience supplying mobile electronics to the automotive aftermarket, as well as 15 years experience in vehicle tracking. The Guidepoint(TM) telematics service, which is available through leading auto dealers in the United States and Mexico, lets drivers access a range of safety, security and convenience options including 24/7 vehicle tracking, emergency dispatch, roadside assistance, discounted hotel and dining and more. Visit www.guidepointsystems.com or call 1-877-GPS-FIND for more information. About Teletouch Teletouch Communications, Inc., a proven U.S. leader in wireless messaging and related network management, provides a complete suite of mobile asset tracking solutions using sophisticated, yet cost-effective GPS-based hardware and software products for fleets, hazardous materials and "worker-down" emergency notification applications. In addition to its telemetry business, Teletouch offers two-way radio communications, cellular and wireless messaging services throughout the United States. Teletouch's common stock is traded on the American Stock Exchange under stock symbol: TLL. Additional product, 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. Cingular is a registered trademark of Cingular Wireless II LLC or its affiliates.