TLL Proshares Ultrashort Telecommunications

MATERNA USA Inc., a leading worldwide software company in mobile information and communications technology, and Progressive Concepts Communications, Inc. ("PCCI"), a leading U.S. provider of wireless services and related enterprise solutions, announced today at the CTIA Wireless show in Las Vegas an agreement to offer complete turnkey mobile content delivery service solutions to Mobile Virtual Network Operators (MVNOs) and Enablers (MVNEs) in North America. As part of the agreement, MATERNA will develop a customized version of its Mobile Application & Content Server (MACS) for PCCI to deliver full mobile content download services, including custom content integration and delivery via the Internet and WAP for PCCI's own use and for its large enterprise customers. The relationship combines PCCI's over 30-years experience in multiple forms of direct wireless sales, billing and customer service to consumer, business and government users, including a unique distribution and reseller relationship with Cingular(R) Wireless, with MATERNA's extensive experience in providing, implementing and operating cellular service delivery platforms for mobile operators and service providers throughout the world. PCCI Chairman, Robert McMurrey stated, "On a consolidated basis, PCCI serves over 210,000 cellular and wireless messaging subscribers today. As we expand our cellular services footprint across the country, with our own customers and for our enterprise customers, the relationship with MATERNA USA and use of the customized MACS platform will provide a virtually seamless transition into the high-revenue mobile content delivery and MVNO/MVNE businesses. We are pleased to work with MATERNA to realize our goal of becoming a leading mobile lifestyle services provider, to both current and new wireless enterprise customers and consumers, through the PCCI family of companies, including both our PCI and Teletouch Communications (AMEX:TLL) operations." Michael Vossel, CEO of MATERNA USA added, "MATERNA will enable PCCI to offer the latest mobile content and cutting-edge download capabilities, including casual games, real-tones and full-track music downloads. In addition, we will be enabling full motion video and other specialized download capability on the MACS platform. PCCI will benefit from this customized version of our proven platform, currently in use at many of the world's top carriers and mobile service providers." Vossel continued, "We are pleased that PCCI has chosen MATERNA USA as its primary mobile content, MVNE and MVNO enterprise solution, incorporating our comprehensive MACS platform, allowing content to be downloaded to hundreds of different models of data-enabled handsets, across virtually all carriers." About MATERNA USA MATERNA USA is the U.S. subsidiary of leading information and communications technology software company, MATERNA GmbH Information & Communications ("MATERNA"). Based in Dortmund, Germany, MATERNA employs approximately 1,200 worldwide, with consolidated revenues of approximately 144 million euros (US$175.3 million) in 2005. The company has branches throughout Germany, as well as various subsidiaries in France, Austria, Belgium, Denmark, the Netherlands, Finland, Great Britain, Czech Republic, Poland, Sweden, Switzerland and the USA. Through its "Information" business unit, MATERNA implements comprehensive IT solutions optimizing business processes for corporate and government customers. This includes the fields of IT service management, customer service management, government services and SAP consulting services. The "Communications" business unit provides mobile solutions, unified messaging and MVNE platform implementation. This includes value-added services for both mobile and fixed line networks in SMS, MMS, WAP and Mobile Java protocols. These solutions are marketed under the brand name Anny Way. More information about MATERNA products and services can be found at www.materna.com and www.annyway.com. About PCCI Fort Worth, Texas-based, Progressive Concepts Communications, Inc. ("PCCI") is a private company holding common controlling interests in a number of operating entities, the largest consisting of privately held Progressive Concepts, Inc. ("PCI"), and publicly held Teletouch Communications, Inc., which is commonly traded on the American Stock Exchange under the stock symbol: TLL. In continuous operation for over 30-years, PCCI's wholly-owned subsidiary, PCI is a leading U.S. provider of wireless voice, data, and entertainment products and branded wireless services to individuals, businesses, and government agencies through its chain of retail stores (Hawk Electronics), branded sub-agents and direct sales force in Texas and Arkansas. PCI also operates a significant wholesale distribution business serving smaller cellular and automotive retailers, car dealers and cellular service providers throughout the country. PCCI controlled subsidiary, Teletouch Communications offers a comprehensive suite of telecommunications services to large enterprise users, including cellular, two-way radio, GPS-based telemetry and wireless messaging services throughout the United States, including under its own network of FCC licensed spectrum in Texas, Louisiana, Arkansas, Oklahoma, Alabama, Missouri, Mississippi, Tennessee, and Florida. Additional information about these PCCI business units can be found at the companies' web sites: www.hawkelectronics.com and 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, and amendments thereto. 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.