Affordable Telecommunications Technology Reports Significant Revenue Increase of 500% for Fiscal Year-End 2000

Apr 04, 2001, 01:00 ET from Affordable Telecommunications Technology Corp.

    HOUSTON, April 4 /PRNewswire/ -- Affordable Telecommunications Technology
 Corp. (OTC Bulletin Board:   ATTP), an emerging provider and marketer of
 wireless telecommunications products and services, today announced a
 significant revenue increase of 500% for its fiscal year ended December 31,
 2000.
     Affordable reported year-end fiscal 2000 revenues of $1.5 million,
 compared to $300,000 for the fiscal year ended December 31, 1999.  The Company
 also reported total assets increased by $700,000 or 84% and stockholders'
 equity increased by more than $560,000 in fiscal year-end 2000 as compared to
 fiscal year-end 1999.
     Steve Bethke, president of Affordable Telecommunications Technology,
 stated, "Fiscal year 2000 marked significant milestones for Affordable.
 During the year, we successfully completed two acquisitions, Beeper Boutique
 and Camera's Etc.  Adding these existing, high-traffic stores enhances our
 monthly revenues and expands our regional strategy to penetrate the Texas-
 Louisiana markets.
     "Year-end revenue gains are further attributed to a well-executed
 partnership program which aligned Affordable with technology leaders in the
 wireless telecommunications industry.  During 2000, Affordable created
 marketing arrangements with over seven industry-leading firms, including
 Nextel Communications, Voice Stream Wireless Corp., Arch Communications, and
 Globalstar USA.  These alliances allowed Affordable's retail and direct sales
 outlets to meet an ever-increasing market demand for the latest wireless
 communications products and services and dramatically increased our potential
 revenues."
     During 2000, Affordable's retail division began evaluating its existing
 network of stores and began the process of remodeling and relocating three
 stores to higher traffic locations inside a major shopping complex.
     Bethke added, "Affordable remains focused on increasing shareholder value
 during 2001.  We continue to develop our Automatic Meter Reading (AMR)
 division, which we expect to rapidly accelerate our future growth.  We are
 also finalizing the previously announced acquisition of Zmail Media.  Zmail
 should propel Affordable into the complementary, burgeoning market of Internet
 Public Access Terminals, which will be located in truck stops, convenience
 stores and conference centers nationwide.
     "In 2001, we'll continue to expand our distribution channels into new
 retail stores and maximize the profitability of our existing retail outlets.
 As we implement several strategic growth initiatives during 2001, we expect
 Affordable will have positive cash flow and profits from operations in the
 third quarter of 2001."
     Affordable Telecommunications Technology Corp. capitalizes on the
 explosive two-way Internet messaging products and services sector- a market
 that is projected to reach $300 million in annual sales with over 11 million
 units sold by 2004.  Affordable markets pre-paid and post-paid wireless
 telecommunications products and services through 10 retail stores.  The
 Company also employs a nearly 40-person sales force for direct sales.  Located
 in South Texas and Louisiana, Affordable's retail stores include The Wireless
 Store, Camera's Etc. and Beeper Boutique.  The Company also operates a two-way
 data network covering the greater Houston Metropolitan area, and will utilize
 the network's technology to provide Automatic Meter Reading services in the
 near future.  For additional information, see www.thewirelessstore.net.
 
     Forward-looking statements in this release are made pursuant to the "safe
 harbor" provisions of the Private Securities Litigation Reform Act of 1995.
 Investors are cautioned that such forward-looking statements involve risks and
 uncertainties, including without limitation, continued acceptance of the
 Company's products, increased levels of competition for the Company, new
 products and technological changes, the Company's dependence on third-party
 suppliers, and other risks detailed from time to time in the Company's
 periodic reports filed with the Securities and Exchange Commission.
 
      Affordable Telecommunications Technology Corp.
      Steven H. Bethke
      President and CEO
      713-988-8884
      sbethke@flash.net
 
      OTC Financial Network
      Eddie Khoury, Investor Relations
      781-444-6100 ext 644
      eddie@otcfn.com
 
     For additional information, see www.thewirelessstore.net and
 www.otcfn.com/attp.
 
 

SOURCE Affordable Telecommunications Technology Corp.
    HOUSTON, April 4 /PRNewswire/ -- Affordable Telecommunications Technology
 Corp. (OTC Bulletin Board:   ATTP), an emerging provider and marketer of
 wireless telecommunications products and services, today announced a
 significant revenue increase of 500% for its fiscal year ended December 31,
 2000.
     Affordable reported year-end fiscal 2000 revenues of $1.5 million,
 compared to $300,000 for the fiscal year ended December 31, 1999.  The Company
 also reported total assets increased by $700,000 or 84% and stockholders'
 equity increased by more than $560,000 in fiscal year-end 2000 as compared to
 fiscal year-end 1999.
     Steve Bethke, president of Affordable Telecommunications Technology,
 stated, "Fiscal year 2000 marked significant milestones for Affordable.
 During the year, we successfully completed two acquisitions, Beeper Boutique
 and Camera's Etc.  Adding these existing, high-traffic stores enhances our
 monthly revenues and expands our regional strategy to penetrate the Texas-
 Louisiana markets.
     "Year-end revenue gains are further attributed to a well-executed
 partnership program which aligned Affordable with technology leaders in the
 wireless telecommunications industry.  During 2000, Affordable created
 marketing arrangements with over seven industry-leading firms, including
 Nextel Communications, Voice Stream Wireless Corp., Arch Communications, and
 Globalstar USA.  These alliances allowed Affordable's retail and direct sales
 outlets to meet an ever-increasing market demand for the latest wireless
 communications products and services and dramatically increased our potential
 revenues."
     During 2000, Affordable's retail division began evaluating its existing
 network of stores and began the process of remodeling and relocating three
 stores to higher traffic locations inside a major shopping complex.
     Bethke added, "Affordable remains focused on increasing shareholder value
 during 2001.  We continue to develop our Automatic Meter Reading (AMR)
 division, which we expect to rapidly accelerate our future growth.  We are
 also finalizing the previously announced acquisition of Zmail Media.  Zmail
 should propel Affordable into the complementary, burgeoning market of Internet
 Public Access Terminals, which will be located in truck stops, convenience
 stores and conference centers nationwide.
     "In 2001, we'll continue to expand our distribution channels into new
 retail stores and maximize the profitability of our existing retail outlets.
 As we implement several strategic growth initiatives during 2001, we expect
 Affordable will have positive cash flow and profits from operations in the
 third quarter of 2001."
     Affordable Telecommunications Technology Corp. capitalizes on the
 explosive two-way Internet messaging products and services sector- a market
 that is projected to reach $300 million in annual sales with over 11 million
 units sold by 2004.  Affordable markets pre-paid and post-paid wireless
 telecommunications products and services through 10 retail stores.  The
 Company also employs a nearly 40-person sales force for direct sales.  Located
 in South Texas and Louisiana, Affordable's retail stores include The Wireless
 Store, Camera's Etc. and Beeper Boutique.  The Company also operates a two-way
 data network covering the greater Houston Metropolitan area, and will utilize
 the network's technology to provide Automatic Meter Reading services in the
 near future.  For additional information, see www.thewirelessstore.net.
 
     Forward-looking statements in this release are made pursuant to the "safe
 harbor" provisions of the Private Securities Litigation Reform Act of 1995.
 Investors are cautioned that such forward-looking statements involve risks and
 uncertainties, including without limitation, continued acceptance of the
 Company's products, increased levels of competition for the Company, new
 products and technological changes, the Company's dependence on third-party
 suppliers, and other risks detailed from time to time in the Company's
 periodic reports filed with the Securities and Exchange Commission.
 
      Affordable Telecommunications Technology Corp.
      Steven H. Bethke
      President and CEO
      713-988-8884
      sbethke@flash.net
 
      OTC Financial Network
      Eddie Khoury, Investor Relations
      781-444-6100 ext 644
      eddie@otcfn.com
 
     For additional information, see www.thewirelessstore.net and
 www.otcfn.com/attp.
 
 SOURCE  Affordable Telecommunications Technology Corp.