TLL Proshares Ultrashort Telecommunications

Teletouch Communications, Inc. (AMEX:TLL) announced today that it mobilized teams of technicians and engineers to restore and maintain mission-critical wireless messaging communications services for its emergency medical, utility and other customers throughout Louisiana, Mississippi and Alabama following Hurricane Katrina. "Hurricane Katrina and its aftermath knocked out a significant number of our transmitter sites in the Gulf Coast region. Most of our transmitters in New Orleans and Gulfport were destroyed, while other towers in the region were completely blown away. Some remaining transmitters are still under water," stated T.A. "Kip" Hyde, Jr., Teletouch CEO. "In response, we have mobilized emergency response teams to key tower sites in Louisiana, Mississippi and Alabama." "Our hospital facilities were an immediate priority, and most of our hospital customers have continued to receive service throughout the emergency period. We have shipped generators, rerouted switches, lines and manned certain sites on a 24-hour basis to maintain and restore critical communications links." Hyde continued, "We have also been working closely with one of our largest customers, Entergy Corporation (NYSE:ETR), a leading power company in the region, to assure that they have vital communications service in markets that were hardest hit by Katrina. Our goal was to provide critical communications coverage to their crews in the field as quickly as possible. Entergy continues to make steady progress, and has restored power to nearly 674,000 customers." For the most recent updates and details on Entergy's comprehensive power restoration efforts, please go to http://www.entergy.com/corp. "At this time, I'm pleased to report that Teletouch's wireless messaging services have been restored to much of the original service area impacted by the storm. The devastation caused by Katrina and its aftermath is almost immeasurable. Our hearts go out to all of the affected families, workers and victims of this catastrophic event. We will continue to focus on restoring communications services throughout the affected areas to assist our customers, especially emergency personnel and the Entergy crews that are working to restore gas and electric power in the region," concluded Hyde. 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. This release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended, that are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may," "will," "anticipate," "believe," "estimate," "expect," "intend" and words of similar import are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. Negotiations with respect to the transaction that are the subject of this release are ongoing and may result in significant modifications to the transaction. There can be no assurance that the transaction that is the focus of this release will be concluded, or if concluded that it will be concluded on terms currently contemplated. These statements reflect our current view of future events and are subject to certain risks and uncertainties as noted in our securities and other regulatory filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.