TLL Proshares Ultrashort Telecommunications

Teletouch Expands Its Paging Coverage Into the Land of Peaches Teletouch Purchases Assets of Paging Network Inc., Increases Coverage Area Into Georgia TYLER, Texas, June 22 /PRNewswire-FirstCall/ -- In a bid to further expand paging coverage and increase service availability for its customers, Teletouch Communications (AMEX:TLL) has purchased the paging assets of Paging Network Inc. (PNI). The acquisition provides Teletouch with new licenses and infrastructure throughout Georgia and portions of Tennessee, Alabama and Mississippi. The acquisition also gives Teletouch 25,000 additional paging customers and adds revenue to the company's core paging business. "At Teletouch, we're always looking for ways to offer more and better service to our customers," said Teletouch President Kernan Crotty. "When we learned of this opportunity to purchase PNI's assets, we recognized the significant coverage increase it would enable us to provide our customers, and we took action immediately." Teletouch purchased the Northeastern and Southeastern operating regions of PNI for $225,000 at auction. After subsequently reselling the Northeastern region, as well as several pieces of excess equipment, Teletouch will recover most of its initial investment. The remaining assets include major coverage hubs in Atlanta, Augusta, Columbus and Macon -- all in Georgia; Chattanooga, Tennessee; Birmingham, Alabama; and points in Mississippi. Teletouch will use these service hubs to expand its paging coverage area, further improving service availability for its customers. "PNI had some of the best paging service in Georgia, and Teletouch will ensure that existing and new customers will continue to enjoy that high level of service quality," Crotty said. "In addition, those paging customers will no longer have to worry about the specter of bankruptcy that plagued PNI for so long. They now can rest easy in the knowledge that they are served by a company that has been in the business for more than 40 years." About Teletouch Communications Inc. In the wireless business for 40 years, Teletouch Communications Inc., based in Tyler, Texas, provides a host of paging, two-way radio and cellular services. Teletouch also is the parent company of Visao Systems, which provides wireless telemetry products and services to business and government customers. More information can be found on Teletouch's Web site: http://www.teletouch.com/ . Contact: Michelle Metzger M/C/C 972-480-8383 x. 231 DATASOURCE: Teletouch Communications Inc. CONTACT: Michelle Metzger of M-C-C, +1-972-480-8383, ext. 231, or , for Teletouch Communications Inc. Web site: http://www.teletouch.com/

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