Affordable Telecommunications Technology Acquires Everybody's Phone Company and Commences Offering Pre-Paid Telephone Service.

HOUSTON -- Affordable Telecommunications Technology Corp. (PINK SHEETS:ATCT) is pleased to announce that it is acquiring Everybody's Phone Company Corp. of Texas (www.everybodysphonecompany.com or www.epc-us.com).

On October 21, 2004, Affordable Telecommunications Technology (ATTC) signed a Letter of Intent to acquire Everybody's Phone Company (EPC). Both parties have now agreed to the terms of the Letter of Intent whereby EPC will become a wholly owned subsidiary of ATTC. Under the terms of the agreement, ATTC has entered into a Share Exchange Agreement to purchase all outstanding common shares of EPC. ATTC is initially issuing 4,535,000 restricted shares of ATTC to EPC for 4,535,000 shares of EPC, representing the total outstanding shares of EPC. Upon closing, EPC will have the right to earn an additional 4,500,000 restricted shares of ATTC on a pro-rata basis, based on EPC's net subscribers numbers, as outlined in EPC's sales projections provided to ATTC. Each time EPC attains the targets of 2,100, 3,400, and 7,000 net subscribers, ATTC will grant EPC 1,500,000 restricted shares for each level attained, for a total additional consideration of 4,500,000 restricted shares. All trademarks, service marks, Internet domain names, web sites and all other assets used and useful to the business are included in this agreement.

EPC is a Competitive Local Exchange Carrier and a new alternative to the large telecom providers that have been dominating local telephone service markets. EPC leases telephone lines from local providers and resells services to sub-prime credit customers and businesses on a pre-paid basis. The Telecom Act of 1996 permits small companies like EPC to provide these customers with pre-paid telephone service.

The pre-paid telephone service market is a relatively new but fast growing concept in the telecom industry. A recent study conducted by JP Morgan / Chase Bank showed that over 30% of the population in Southeast Texas do not use traditional banks to meet their needs but use check cashing facilities as their primary means of cashing checks and paying bills. EPC is focused on offering its services to this niche segment of the population. In addition, the major telephone companies disconnect over 100,000 customers in Texas every month for non-payment. This is an ideal target market for EPC.

"We are delighted to have reached an agreement with EPC that provides our Company with tremendous market potential while creating minimal dilution for our shareholders. EPC's internal sales projections are extremely strong. It is the ideal vehicle for our Company to offer pre-paid telephone services, initially in Texas, and eventually throughout the Southwestern United States. We look forward to updating our shareholders on our progress on a timely basis," stated Steven Bethke, President and CEO of Affordable Telecommunications Technology.

About Affordable Telecommunications Technology Corp.

Affordable Telecommunications Technology Corporation, www.atct.us, is a development stage telecom services company focused on marketing a selection of pre-paid telecom services. The Company intends to market these services to customers and businesses initially in the densely populated Gulf Coast region of Texas through a direct sales force and third-party retail stores.

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 of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.

This press release includes "forward-looking statements" 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. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are our estimate of the sufficiency of existing capital sources, our ability to raise additional capital to fund future operations, our assumptions regarding the competitive restructuring and deregulation of the electricity market, competition from utility companies, our dependence on the services of certain key personnel and our ability to manage our growth successfully. In particular, careful consideration should be given to cautionary statements made in the various reports Affordable Telecommunications Technology Corporation files with the Securities and Exchange Commission. The Company undertakes no duty to update or revise these forward-looking statements.