ATSI Reviewing Merger Opportunities.Business Editors and Telecommunications Writers SAN ANTONIO--(BUSINESS WIRE)--Jan. 13, 2003 ATSI ATSI Aboriginal and Torres Strait Islander (Australia) ATSI Association of Thai Software Industry ATSI Association of TeleServices International ATSI American Transmission Systems, Inc. Communications, Inc. (AMEX AMEX See: American Stock Exchange :AI) today announced it was reviewing expressions of interest received from various parties for a strategic combination. John R. Fleming, Chairman of the Board, stated, "The candidates all have synergistic business interests to ours and we can see the opportunity to create a combination that will be a very viable corporation going forward." ATSI has been working to reduce expenses and as recently as last week reduced their workforce by an additional 5%. The employee reductions did not affect Mexico or international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . The Company has also reduced network expenditures by idling the network while restructuring the cost elements associated with this low margin wholesale business. That business segment has also experienced a higher percentage of uncollectible accounts Uncollectible account An account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay. . ATSI expects to keep these wholesale customers connected to the system in the interim. ATSI Communications, Inc. is an emerging international carrier serving the rapidly expanding niche markets in and between Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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. |
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