ATSI Expects to Report Another Quarter of Record Revenues; Earnings to be Reported in Mid March.

Business Editors & High-Tech Writers

SAN ANTONIO--(BUSINESS WIRE)--Feb. 28, 2002

ATSI Communications Inc. (AMEX:AI) provided guidance on financial results for its second quarter ended Jan. 31, 2002, during an investor meeting held today in San Antonio, Texas.

ATSI expects to report record revenues during its second quarter. On a consolidated basis, revenues increased approximately 80% over the previous year's quarter.

Additionally, the Company stated that SG&A expenses as a percentage of revenues during the quarter were at their lowest levels in the past two and one-half years. Furthermore, the Company expects its EBITDA loss for the second quarter to represent an approximate 50% improvement over the EBITDA loss reported in last year's second quarter. For the fifth consecutive quarter, the net loss to common stockholders is expected to remain flat.

The Company also announced that it launched a private placement effort this week, aimed primarily at funding capital expenditure requirements of between $4 - $5 million. The Company stated that the expenditures were required to meet the growing demand for its core services. Communications Equity Associates, LLC, an investment bank dedicated to the media and communications industries with a strong focus in Latin America, will manage the placement.

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. ATSI's Internet software subsidiary, GlobalSCAPE Inc., (OTCBB:GSCP) (www.globalscape.com) is a leading developer of high quality, affordable content and file management solutions, which enable individuals and organizations to easily create, move and manage information in a secure, collaborative environment.

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.