American TeleSource Announces Financing Facility.

Business Editors & High-Tech Writers

SAN ANTONIO--(BUSINESS WIRE)--April 14, 2000

American TeleSource International Inc. (AMEX:AI) "ATSI" announced today that it has secured a financing facility from a private equity fund introduced by Jesup & Lamont Securities Corporation.

Under terms of the agreement, the fund has agreed to purchase up to 5,000,000 shares of ATSI common stock over an 18-month period. ATSI has no initial commitment to draw on the facility, but may do so on an as-needed basis as often as every 20 days, subject to certain restrictions. The amount of funds to be generated under the facility for Company use will depend on the price of ATSI's common stock at the time each draw is executed.

H. Douglas Saathoff, ATSI's chief financial officer, commented, "The Company's success in the public markets is opening doors to new opportunities. Based upon recent trades of the Company's common stock, this facility would provide financing of approximately $30 million.

"Furthermore, an increase in ATSI's stock price would lead to a corresponding increase in the value of the facility. Although the Company has not yet secured the concession license, this agreement will facilitate financing of the planned expansion of our network and operations in Mexico, as required by Cofetel under a concession strategy."

American TeleSource International Inc. is an emerging international carrier serving certain niche markets in and between Latin America and the United States. The Company's borderless strategy includes the deployment of a "next-generation" network for more efficient and cost effective service offerings of domestic and international voice and data.

ATSI has clear advantages over the competition through its corporate framework consisting of unique licenses, interconnection and service agreements, network footprint and extensive retail distribution. ATSI's wholly owned subsidiary, GlobalSCAPE Inc. (www.globalscape.com), is a leader in the development, marketing, distribution and support of award-winning Internet-based software in a broad array of categories including file management, multimedia utilities and Web site development tools.

This news release contains "forward-looking statements" (Furthermore, an increase in ATSI's stock price would lead to a corresponding increase in the value of the facility. Although the Company has not yet secured the concession license, this agreement will facilitate financing of the planned expansion of our network and operations in Mexico, as required by Cofetel under a concession strategy.) which are statements that describe management's beliefs and expectations about the future. We have identified forward-looking statements by using words such as "expect," "believe" and "should." Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties, and these statements may turn out not to be true. Risks that could cause these statements not to be true include loss of key customers, inability to obtain additional capital, inability to make payments to suppliers and lenders on time, dilution of our common stock, equipment failures leading to service interruptions, failure to achieve profitability and other Risk Factors discussed in filings made by the Company with the SEC.