Affordable Telecommunications Technology Launches Marketing Program for Electricity Services Provided by Gexa Energy; Capturing Sales in the Residential Market.Business/Technology Editors HOUSTON--(BUSINESS WIRE)--Dec. 19, 2001 Affordable Telecommunications Technology Corp. (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 ), a rapidly growing provider and marketer of wireless telecommunications products and services, today announced that it has launched a marketing program to sell electricity services provided by its strategic partner, Gexa Energy Gexa Corporation (doing business as Gexa Energy) is located in Houston, Texas and is a retail electricity provider (a “REP”) active in the deregulated Texas electricity market. (OTC: GEXC). Affordable has already booked orders in its initial target market of residential consumers. Gexa will deliver the electricity beginning on January 1, 2002. Affordable Telecommunications previously announced its plans to market electricity services provided by Gexa Energy. Gexa has been certified by the Public Utility Commission of Texas to sell electricity on the retail market upon its deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. on January 1, 2002. Affordable is primarily targeting residents and small businesses in 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. Steve Bethke, 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, stated, "We have begun to advertise Gexa's electricity across our retail sales channels and will continue to aggressively cross-sell the service to our telecommunications customers. We expect to build upon our initial orders this month and look forward to ramping up our sales efforts beginning in the New Year." About Gexa Energy Gexa Energy was formed to prepare for electric competition, which will begin on a statewide basis in Texas in January 2002. The Company intends to offer consumers in restructured retail energy markets competitive energy prices, pricing choices, improved customer friendly service and innovative products, services and specials. For more information, visit www.gexaenergy.com. About Affordable Telecommunications Technology Affordable Telecommunications Technology 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 and through nine retail stores. The Company employs a 40-person retail sales force. Located in South Texas and Louisiana, Affordable's retail stores include The Wireless Store, Camera's Etc. and Beeper beeper - pager Boutique. Affordable is focused on expanding its distribution channels and lowering customer acquisition costs. Through its 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. , ZMail Media, Affordable cross-sells its products on public Internet Access See how to access the Internet. Terminals throughout the U.S. Certain statements in this news release may contain forward- looking information within the meaning of Section 21E of the Exchange Act and Section 27A of the Act. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. For additional information, see www.thewirelessstore.net and www.otcfn.com/attp. |
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