ATSI Secures Long-Term Satellite Capacity Requirements.SAN ANTONIO--(BUSINESS WIRE)--July 23, 1998-- --Expected to Double Capacity-- --Anticipated Savings of More Than $3.5 Million Over Three Years-- American TeleSource International Inc. ("ATSI ATSI Aboriginal and Torres Strait Islander (Australia) ATSI Association of Thai Software Industry ATSI Association of TeleServices International ATSI American Transmission Systems, Inc. ") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMTI AMTI Applied Marine Technology Inc AMTI Advanced Mechanical Technology Inc (Watertown, MA) AMTI Applied Marine Technology, Inc. AMTI Advanced Medical Technology Institute AMTI Automatic Moving Target Indicator ) today announced the signing of a new satellite agreement with Satelites Mexicanos, S.A. de C.V. ("SATMEX"). The agreement is expected to double ATSI's capacity and allows for potential savings in transmission costs of more than $3.5 million over the next three years. In addition, SATMEX has agreed to provide the Company capacity on its "SATMEX V" satellite, scheduled for launch in late 1998, allowing ATSI to secure its on-going space segment requirements. SATMEX, a former State-owned satellite communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , was sold to Telefonica Autrey and Loral Space Communications (NYSE NYSE See: New York Stock Exchange :LOR LOR Letter Of Reprimand (military) LoR Lord of the Rings (J.R.R. Tolkien) LOR Learning Object Repository LOR Linux.Org. ) at the end of 1997. SATMEX has three satellites currently in orbit: Morelos II, Solidaridad I and Solidaridad II. In addition, SATMEX V is scheduled for launch in early November 1998, operational in early January 1999. Based in Mexico City, SATMEX provides satellite services for the transmission of television, radio, voice and data signals for both public and private broadcast and telecommunications networks. Its satellite system currently provides coverage of Mexico, the southern and eastern United States, Central America, the Caribbean Basin and South America. SATMEX V expands Morelos II's footprint, extending coverage from Canada to Argentina. Randy Poole, ATSI's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , stated, "SATMEX recognizes ATSI as one of the premier, niche players in the Latin American telecommunications marketplace. Because of this agreement, ATSI will now have the ability to manage its own space segment, resulting in our ability to turn up revenue much quicker. With our satellite requirements secured, a solid foundation in place, and a focused strategic plan underway, we are taking ATSI to the next level for our customers, employees and shareholders." American TeleSource International Inc. is a four-year-old telecommunications entity that is rapidly becoming a competitive force in niche services within the demonopolizing, underserved markets throughout Latin America, primarily Mexico. ATSI owns the San Antonio International
San Antonio International was an American soccer club based in San Antonio, Texas that was a member of the Lone Star Soccer Alliance. Teleport, located at its corporate headquarters in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , providing networks for voice, data, fax, and Internet, as well as call services for domestic and international long distance. ATSI has overcome high barriers to entry, giving it an advantage over certain competition. ATSI's bilingual, bicultural bi·cul·tur·al adj. Of or relating to two distinct cultures in one nation or geographic region: bicultural education. bi·cul team has diligently focused on the acquisition of unique licensing, execution of interconnection agreements, deployment of network facilities and investment in distribution channels. Certain statements made herein which are not historical in nature could be construed as forward-looking statements (as such term is defined in 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). The Company's ability to secure long-term capacity requirements, manage its space segment, increase revenue growth and realize significant savings over the three-year agreement period, is subject to many risks and uncertainties. Factors affecting the Company's success in such areas include not only its own results of operations and financial condition, but also the reliability of SATMEX's satellite network, competitive forces, customer attrition, government regulation and general economic market conditions that affect the Latin American telecommunications industry. Specific factors that affect the Company's results of operations are discussed in the Company's Securities and Exchange Commission filings and include, for example, government supervision and regulation, service or equipment interruptions or failures, and competition from other providers. There can be no assurance that the announced SATMEX agreement will increase shareholder value.
CONTACT: American TeleSource International, San Antonio
Karen R. Mella, 210/375-1203 (Investor Relations)
kmella@atsi.net
http://www.atsi.net
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