TLL Proshares Ultrashort Telecommunications

Teletouch Communications, Inc. (AMEX:TLL) announced today that it recently relocated and expanded its primary Dallas/Fort Worth Metroplex two-way radio sales, service and warehouse facility to serve its growing commercial and government customer base in the region. The new and expanded facility is located mid-cities at 1517 West North Carrier Parkway in Grand Prairie, now more central for all Dallas and Fort Worth customers. "We moved our primary two-way service facility from the former Garland, Texas location, acquired as a result of last year's Delta Communications purchase, to a more convenient mid-cities site. The move will improve response times for our service vehicles and shorten travel times for many of our customers requesting in-shop installation and repairs," stated T. A. "Kip" Hyde, Jr., Teletouch CEO. "We also anticipate that the recent completion of our Passport-enabled radio network in the North and East Texas regions will continue to stimulate sales growth. In order to accommodate our current growth, the new service facility is more than twice the size of our previous location. Customers will appreciate the larger installation and service areas, additional customer service and office space, and the improved inventory/staging area for large customer installations." 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, N.C.