Affordable Telecommunications Technology Completes Reorganization-Shifts Focus to Rapidly Emerging Pre-Paid Telecom Services Market.

HOUSTON -- Affordable Telecommunications Technology Corp. (Pink Sheets: ATCT) is pleased to announce the completion of the Company's reorganization. By closing its retail outlets and Z-Mail Internet kiosks, overhead operating expenses have been significantly reduced. On October 21, 2004, Affordable Telecommunications Technology (ATTC) signed a Letter of Intent to acquire Everybody's Phone Company (EPC). With the Company's reorganization complete, ATTC is now able to proceed with the acquisition of EPC (www.epc-us.com) into ATTC as a wholly owned subsidiary, allowing the Company to shift its focus to the rapidly emerging pre-paid telecom services market.

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. EPC's business plan emphasizes cost containment and enhancing profitability by utilizing a direct sales force and third-party resellers.

"Through the Houston Apartment Association, we have identified over 126,000 apartment units as a key component of our initial demographic target. We plan to start marketing pre-paid local and long distance telephone services through these apartment complexes to customers as soon as possible. Affordable Telecommunications can reach profitability with as little as a 1% penetration of our target market. We look forward to a very exciting year for our Company," said 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 telephone services through its wholly owned subsidiary, Everybody's Phone Company, www.epc-us.com. 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.

Affordable Telecommunications Technology Corporation (PINK SHEETS:ATCT)