Teletouch Communications, Inc. (Pink Sheets: TLLE), a leading U.S. cellular, mobile electronics and related wireless services provider, today announced that on April 23, 2008, Susan Ciallella resigned as a member of the Board of Directors for personal reasons. The Company wants to take this opportunity to thank Ms. Ciallella for her years of dedicated and loyal service. T. A. “Kip” Hyde, Jr., President and Chief Operating Officer, said, “Ms. Ciallella has made significant contributions to the Company over her many years of service and we will miss her clarity, strength and insights. Ms. Ciallella had previously expressed a desire to resign for reasons unrelated to the Company, but was kind enough to continue serving on our Board, while we worked through a number of important challenges. With many of those challenges now behind us, we once again thank her for her support and wish her well.”
About Teletouch Communications
For more than 40 years, Teletouch has offered a comprehensive suite of telecommunications products and services including cellular, two-way radio, GPS-telemetry, wireless messaging and public safety/emergency response vehicle products and services throughout the U.S. Teletouch’s wholly-owned subsidiary, Progressive Concepts, Inc. (PCI), is a leading provider of AT&T Mobility® services (voice, data, entertainment), as well as other mobile, portable and personal electronics products and services to individuals, businesses and government agencies. PCI operates a chain of retail stores and sells under the “Hawk Electronics” brand; through Hawk-branded sub-agents; its own direct sales force and through the Internet at various sites including: www.hawkelectronics.com, www.hawkexpress.com, among others. PCI also operates a national wholesale distribution business, known as PCI Marketing, which serves smaller cellular and automotive retailers, car dealers and rural cellular carriers throughout the country; Dealers and Retailers see www.pcimktg.com. Additional information on Teletouch’s Emergency Vehicle Products group can be found at www.teletouchevp.com. Teletouch's common stock is traded Over-The-Counter on the Pink Sheets electronic exchange under stock symbol: TLLE. Additional information about Teletouch can be found at http://www.teletouch.com.
All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the PSLRA of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
Contacts:
Investor Relations
Amy Gossett,
800-232-3888
investors@teletouch.com
