Affordable Telecommunications Technology Announces Preliminary Third Quarter Revenues Exceed Expectations.Business/Technology Editors HOUSTON--(BUSINESS WIRE)--Oct. 3, 2000 Affordable Telecommunications Technology Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ATTP ATTP Appalachian-Turkish Trade Project ATTP Apprenticeship and Traineeship Training Program (NSW, Australia) ATTP Advanced Technology Transition Process aTTP Acute Thrombotic Thrombocytopenic Purpura ) announced today its preliminary third quarter revenues will exceed expectations. Affordable Telecommunications announced preliminary projected revenues of $500,000 for the quarter ending September 30, 2000. Steven H. Bethke, president of Affordable Telecommunications, said, "We are extremely pleased to anticipate a 460% year-over-year increase in revenues, which exceed our expectations. Strong revenue gains indicate we are on track in building our revenue base through strategic marketing arrangements with leaders in the wireless industry." The Company expects to report its finalized quarterly results on or before November 15, 2000. About Affordable Telecommunications Technology Affordable Telecommunications Technology Corp. capitalizes on the explosive two-way messaging products and services sector- a market projected to reach $300 million in annual sales with over 11 million units sold by 2004. Affordable markets pre-paid and post-paid wireless telecommunications products and services directly and through 11 retail stores and employs a nearly 40-person sales force. Located in South Texas and Louisiana, Affordable's retail stores include The Wireless Store, Camera's Etc. and Beeper beeper - pager Boutique. The Company also operates a two-way data network covering the greater Houston Houston–Sugar Land–Baytown is a 10-county metropolitan area defined by the Office of Management and Budget. It is located along the Gulf Coast region in the U.S. state of Texas. Metropolitan area, and will utilize the network's technology to provide Automatic Meter Reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. services in the near future. Forward-looking statements in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of 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 Investors are cautioned that such forward-looking statements involve risky and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to lime in the Company's periodic reports filed with the Securities and Exchange Commission. For additional information, see www.thewirelessstore.net and www.otcfn.com/attp |
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