Axesstel Announces Initial Roll Out of Third Generation CDMA2000 1xEV-DO Modems to Movilnet; Movilnet is the First to Offer This Technology in Venezuela.

SAN DIEGO -- Axesstel, Inc. (AMEX:AFT), a designer, developer and marketer of high-quality, CDMA-based fixed wireless voice and data products for the worldwide telecommunications market, announced today that Axesstel has received its first purchase order for its advanced third-generation (3G) AXW-D800 CDMA2000 1xEV-DO modems from Telecommunicaciones Movilnet C.A. (Movilnet), the wireless division of Venezuela's largest telecommunications operator Compania Anonima Nacional Telefonos de Venezuela (Cantv) (NYSE:VNT), which is also an affiliate of a leading U.S. communication services provider. Axesstel began shipping these products to Movilnet at the end of January 2005.

"We are delighted to announce our first purchase order and roll out for our advanced 1xEV-DO modems," said Mike Kwon, Chairman and CEO for Axesstel. "Axesstel remains dedicated to providing innovative, quality and cost-effective product lines that can help our customers in their quest to maximize scalable revenue opportunities and deliver on their long-term business strategies."

"We believe that the growing relationship between Movilnet and Axesstel will provide important benefits for our growing subscriber base," said Jose Maria de Viana, president for Movilnet. "With the launching of 1xEV-DO modems, the operator becomes the first telecommunications company in Venezuela to implement this technology, the second in Latin America and the third in the continent."

Axesstel's CDMA2000 1xEV-DO modems will enable Movilnet to offer its customers a range of advanced data services by taking advantage of the latest CDMA technologies. Axesstel's next-generation CDMA2000 1xEV-DO fixed wireless modems are designed to provide users with a high-speed data connection at peak data rates of up to 2.4 Mbps. A built-in convenient network adapter and a USB port provide convenient connection to other network devices such as a Wi-Fi access point and a multi-port router for multi-users and the modems offer real "plug and play" set-up simplicity by eliminating the need for drivers.

About Axesstel, Inc.

Axesstel designs, develops and markets fixed wireless voice and data products for the worldwide telecommunications market. Axesstel's products are based on Code Division Multiple Access, or CDMA, technology, and include CDMA2000 and emerging third-generation, or 3G, broadband data technologies, which are newer versions of the CDMA standard. Axesstel's product lines include fixed wireless desktop phone terminals, payphone terminals, voice/data terminals and broadband modems used for high-speed data services. Axesstel is headquartered in San Diego, California, with a research and development center in Seoul, South Korea.

About Compania Anonima Nacional Telefonos de Venezuela

Compania Anonima Nacional Telefonos de Venezuela (Cantv), a Venezuelan corporation, is the leading Venezuelan telecommunications services provider with approximately 2.9 million access lines in service, more than 2.7 million cellular subscribers and more than 325,000 Internet subscribers as of September 30, 2004. Movilnet is the wireless division of Cantv. Cantv's principal strategic shareholder is a wholly owned subsidiary of Verizon Communications Inc. with 28.5% of the capital stock. Other major shareholders include the Venezuelan Government with 6.6% of the capital stock (Class B Shares), and employees, retirees and employee trusts which own 7.4% (Class C Shares). The remaining 57.5% of the capital stock is held by shareholders of Venezuela and the world.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements relating to customer shipment levels, manufacturing capabilities, technology, product capabilities and product development which may affect future results and the future viability of the Company. The Company wishes to caution readers that actual results could differ materially from those suggested by the forward-looking statements due to risks and uncertainties and a number of important risk factors. Those factors include but are not limited to the possibility of changes to the anticipated customer and product mix, unforeseen manufacturing difficulties, the risks of primary dependence on one large customer and the risk factors noted in the Company's filings with the Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for the Company's products; the Company's need to gain market acceptance for its products; potential intellectual property-related litigation, the Company's need to attract and retain skilled personnel; and the Company's and/or its manufacturer's reliance on third-party suppliers.