ATCT's Asian Operation, 7123000.COM, Applies for Licenses in Thailand.HOUSTON -- Affordable Telecommunications Technology Corp. (Pink Sheets:ATCT ATCT Airport Traffic Control Tower (FAA) ATCT Air Traffic Control Tower ATCT Air Traffic Control Transponder ATCT Analog Toll Connecting Trunk ) (www.atct.us) announced today that 7123000.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. (www.7123000.com), its Asian sales and distribution operation, is in the Application Process in Thailand for 4 separate telecommunication licenses. 7123000.COM is applying for licenses to become an Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) and to provide Voice over Internet Protocol (VoIP) telephone service. The company also hopes to provide Third Generation (3G) services over a cellular network. VoIP and ISP will be the first of the licenses to be obtained. The company is in negotiations with a number of major Telcos to partner with on the 3G and cellular opportunities. Asia's telecommunications industry is one of the world's fastest growing with growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of over 25% year on year and an expected 300 million users Asia wide by 2008. ATCT ATCT provides a broad range of telecom services to the prepaid and postpaid market. It is developing a robust sales and distribution network in rapidly growing Asian markets through its subsidiary, 7123000.COM, and in partnership with US Telesis and Teledata Solutions Inc. Safe Harbor Statement Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. |
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