Affordable Telecommunications Technology Reports Fiscal 2001 Revenues Increase by 75%.

Business/Technology Editors

HOUSTON--(BUSINESS WIRE)--Aug. 1, 2002

Affordable Telecommunications Technology Corp. (OTC: ATTG), an emerging provider and marketer of wireless telecommunications products and services, announced today its audited fiscal year 2001 revenues increased by 75% as compared to the 12-month period ended December 31, 2000. Affordable reported revenues of $2,649,695 in fiscal 2001 compared to $1,512,291 in fiscal 2000. The Company also reported it narrowed net loss from $(0.05) per share in fiscal 2000 to $(0.03) per share in fiscal 2001. Shares outstanding were 38.4 million and 97.4 million, in 2000 and 2001, respectively.

Steve Bethke, CEO and president of Affordable Telecommunications Technology, stated, "Year 2001 marked two significant acquisitions. In April, we acquired 100% of Z-Mail Media, Inc., a nationwide provider of kiosk terminals that deliver Internet access and e-mail services to `people on the go'. Through this newly formed subsidiary, we strengthened our kiosk business in August by acquiring certain assets of Kiosk Web Access, LLC (KWA). KWA provides us entrance into several parks, resorts and other tourist spots. To-date, our Internet kiosks operate in 33 locations throughout the U.S."

Bethke, "Despite difficult economic conditions, we were able to grow annual revenues and reduce our net loss for the year. This was attributable to the above mentioned acquisitions, and sales increases among our retail outlets. Year 2002 is still a year of recovery for Affordable, but we expect to achieve additional growth through new store openings, greater market penetration via kiosks and new marketing agreements with leading wireless service providers."

Affordable Telecommunications also announced it has been qualified for manual exemption and will provide all audited financial results, including fiscal 2001 financial statements, through Standard & Poor's Corporation Records.

Affordable Telecommunications Technology Corp. capitalizes on the explosive two-way Internet messaging products and services sector- a market that is 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 through 9 retail stores. The Company also employs a nearly 40-person sales force for direct sales. Located in South Texas and Louisiana, Affordable's retail stores include The Wireless Store, and Beeper Boutique For additional information, see www.thewirelessstore.net.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks 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 time in the Company's periodic reports filed with the Securities and Exchange Commission.

For additional information, see www.thewirelessstore.net and www.otcfn.com/attg.