latest news releases from the newsroom
ATSI Communications, Inc.
ATSI Announces Formation of New Subsidiary -- Digerati Networks, Inc.
SAN ANTONIO, Feb. 1, 2006 (PRIMEZONE) -- ATSI Communications, Inc. (OTCBB:ATSX) today announced the formation of a new wholly owned subsidiary, Digerati Networks, Inc., to showcase ATSI's growing VoIP business. Digerati Networks will market the Company's VoIP services with the goal of achieving a leadership position in the industry while building brand and name recognition. The new subsidiary will also allow the parent company to take full advantage of corporate development opportunities that may arise in the future. ATSI's other wholly owned subsidiary, Telefamilia Communications, Inc., will continue marketing and providing communication services to the high-growth Hispanic market in the United States. The Company also owns a minority interest (49%) of a subsidiary in Mexico, ATSI Comunicaciones, S.A. de C.V., which operates under a 30-year government issued telecommunications license. The creation of Digerati Networks, Inc. will not impact ATSI's financial reporting as the Company will continue to report consolidated financial results for all of its subsidiaries.
Atlas Mining Company
Atlas Mining Earns Mining Contract to Develop Upper Sunshine Mine: Expects $2.8 Million Revenue
OSBURN, Idaho, Feb. 1, 2006 (PRIMEZONE) -- Atlas Mining Company (OTCBB:ALMI) reports today its contracting entity, Atlas Fausett Contracting, has entered into a contract with Sterling Mining Company (Pink Sheets:SRLM) to drive a new tunnel into the Sunshine Mine located near Kellogg, Idaho. The tunnel will be approximately 5,700 feet in length and be driven from above the mine office complex easterly into the property. The project will take 15 months to complete and is expected to create a revenue stream for Atlas Mining Company of approximately $2.8 million.