ATSI's Business Plan Accepted By AMEX.

Business Editors & High-Tech Writers

ATSI Communications Inc. (AMEX:AI) today announced that the American Stock Exchange has granted it an extension of time to regain compliance with its continued listing standards.

The Exchange Staff reviewed ATSI's existing business plan and supporting documentation, and determined that it reasonably demonstrates ATSI's ability to comply with the continued listing requirements of the Exchange by April 30, 2003.

The plan submitted by ATSI addresses a number of strategic initiatives to be undertaken by the company that should allow it to comply with continued listing requirements set forth by the Exchange. "The Exchange reviewed our plans, including specific planned transactions and events. Some of these have already been achieved and announced by ATSI," said H. Douglas Saathoff, ATSI Chief Financial Officer. "The recently announced sale of GlobalSCAPE and the renegotiated debt obligation with IBM are examples. We need to continue down our already defined path," stated Saathoff.

The Company's progress towards compliance will be subject to periodic review by the AMEX staff during the extension period granted. The Company was required to submit the plan to the AMEX for review because it had fallen below certain continued listing standards of the AMEX. Specifically, the Company has fallen below Section 1003 (a): (i) with shareholders' equity of less than $2,000,000 and losses from continuing operations and/or net losses in two of its three most recent fiscal years; (ii) with shareholders' equity of less than $4,000,000 and losses from continuing operations and/or net losses in three of its four most recent fiscal years; (iii) with shareholders' equity of less than $6,000,000 and losses from continuing operations and/or net losses in its five most recent fiscal years; and (iv) in that it has sustained losses which are so substantial in relation to its overall operations or its existing financial resources, or its financial condition has become so impaired that it appears questionable, in the opinion of the Exchange, as to whether such company will be able to continue operations and/or meet its obligations as they mature.

ATSI Communications Inc. is an emerging international carrier serving the rapidly expanding niche markets in and between Latin America and the United States, primarily Mexico. The Company's borderless strategy includes the deployment of a "next generation" network for more efficient and cost effective service offerings of domestic and international voice, data and Internet. ATSI has clear advantages over the competition through its corporate framework consisting of unique licenses, interconnection and service agreements, network footprint, and extensive retail distribution.

This news release contains forward-looking statements. These statements describe management's beliefs and expectations about the future. We have identified forward-looking statements by using words such as "expect," "believe," and "should." Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties, and these statements may turn out not to be true. More detailed information about ATSI Communications Inc. is available in the Company's public filings with the Securities and Exchange Commission.