Affordable Telecommunications Technology Corp. Poised for Major Growth in 2005.HOUSTON -- Steven H. Bethke, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Affordable Telecommunications Technology Corp. (Pink Sheets:ATCT ATCT Airport Traffic Control Tower (FAA) ATCT Air Traffic Control Tower ATCT Air Traffic Control Transponder ATCT Analog Toll Connecting Trunk ), (www.atct.us) today announced, "Our reorganization is complete and we are ready to merge Everybody's Phone Company (www.epc-us.com) in as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Through the Houston Apartment Association, we have identified over 126,000 apartment units in our target demographic. We plan to start marketing prepaid local and long distance telephone service through these low-end apartment complexes, immediately. We reach profitability with as little as a 1% penetration in this market." Bethke continued, "Our overhead is significantly reduced as a result of our having closed our money-losing retail locations and Z-Mail Internet division. We are looking forward to a banner year in 2005." 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. Statement Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under 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. 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. The Company undertakes no duty to update or revise these forward-looking statements. |
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