Axesstel to Discuss ``Developments in CDMA2000 Devices'' at Latin America Regional Conference.

Business Editors/High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--May 25, 2004

Axesstel, Inc. (AMEX:AFT), a leader in developing, manufacturing and marketing high-quality, CDMA-based fixed wireless local loop (WLL), hybrid terminals and engineering services to operators worldwide, today announced that it will participate in the 2004 CDMA Latin America Regional Conference being held May 26 to 28 at the Hotel Sofitel in Rio de Janeiro, Brazil.

"The shape of global communications for the next generation is being influenced by conferences such as the Latin America Regional Conference, and we are pleased at the opportunity to share our insights with other industry leaders," commented Axesstel's Chairman and CEO, Mike Kwon. "Between our recently announced large supply agreements, especially the one for ten Latin American BellSouth operators, and our recent listing on the American Stock Exchange, Axesstel is making rapid inroads into the exciting market for wireless communications solutions worldwide. We look forward to participating."

Lixin Cheng, President of Axesstel Fixed Wireless, will contribute to the panel discussion "Developments in CDMA2000 Devices," chaired by VIVO executive Hilton Mendes, on Thursday afternoon, May 27.

Presented by the CDMA Development Group (CDG) and in its third year, the conference has the senior sponsorship of industry giants Ericsson, Lucent Technologies, Nokia, Nortel Networks and Qualcomm. It is focused on key topics of interest to the Latin American wireless marketplace, including the outlook and opportunities for wireless in Latin America, new markets for broadband access and universal services, revenue-generating services and applications and device features and advanced functionality.

Further information on the conference is available online at: http://www.networkeventos.com.br/cdma_conference/

About Axesstel, Inc.

Axesstel, Inc., a Nevada Corporation, is powering the next generation of wireless, fixed and hybrid mobile devices based on CDMA, CDMA2000, 802.11, and emerging 3G and 4G broadband IP technologies. The Company is pursuing technology and applications that will enable the development and delivery of carrier-class subscriber-based solutions, including fixed terminals, handsets and wireless payphones. To date, Axesstel's Qualcomm-licensed products can be found in more than 15 countries worldwide. The company is headquartered in San Diego, California, with a research and development center in Seoul, Korea. For more information, visit the company's Web site at www.axesstel.com.

"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 that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include but are not limited to the risk factors noted in the Company's filings with the Securities & 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 Axesstel's products; Axesstel's ability to gain market acceptance for its products; the Company's ability to attract and retain skilled personnel; and the Company's reliance on third-party suppliers.