Axesstel Prices Common Stock Offering.

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 the pricing of a public offering of 8,455,548 shares of its common stock at a price to the public of $4.00 per share. Of the shares offered, 4,000,000 are being offered by Axesstel and 4,455,548 are being offered by stockholders of Axesstel. In addition, Axesstel and a selling stockholder have granted to the underwriters a 30-day option to purchase up to an additional 1,268,332 shares of common stock in the aggregate at the public offering price to cover over-allotments, if any.

First Albany Capital Inc. is acting as the book runner and Pacific Growth Equities, LLC is acting as co-lead manager for the offering. Merriman Curhan Ford & Co. is acting as co-manager for the offering.

The offering of the securities is made only by means of a prospectus, copies of which, when available, may be obtained from First Albany Capital Inc., Equity Capital Markets Syndicate, One Penn Plaza, 42nd Floor, New York, NY 10119; Pacific Growth Equities, LLC, Prospectus Department, One Bush Street, 17th Floor, San Francisco, CA 94104; or Merriman Curhan Ford & Co., 600 California Street, 9th Floor, San Francisco, CA 94108.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on February 24, 2005. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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.

"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 the ability of Axesstel to close the public offering and the level of its share price, which may decline. Axesstel 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 noted in Axesstel's filings with the Securities and Exchange Commission.