SAN ANTONIO, April 1, 2005 (PRIMEZONE) -- ATSI Communications, Inc. (OTCBB:ATSX) announced today that the Company expects revenues for the 3rd quarter ended April 30, 2005 to reach $1,600,000. In comparison, this is a 185% increase over the previous fiscal year's 3rd quarter ended April 30, 2004.
ATSI President and CEO, Arthur L. Smith stated, "As indicated in our 2nd quarter earnings press release, our growth trend in our VoIP business has continued as expected. The top-tier global carrier customer we secured during the 2nd quarter has had a positive impact on our volume of business. March 2005 was another record month for ATSI since completing our reincorporation with approximately $610,000 in total revenues. We are also pleased to report that gross profit has continued to improve and with the current trend we expect to produce sufficient cash from operations to cover our recurring SG&A expenses, excluding non-cash items, by May 2005."
ATSI Communications, Inc. is an emerging global VoIP carrier serving rapidly expanding markets in Asia, Europe, the Middle East, and Latin America, with an emphasis on Mexico. ATSI believes that it has clear advantages over its competition through its strategic partnerships with established foreign carriers and network operators, interconnection and service agreements, and its unique concession license in Mexico.
This news release contains forward-looking statements. These statements describe management's beliefs and expectations about the future. We have identified forward-looking statements by using words such as "expect," "believe," and "should." Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties, and these statements may turn out not to be true. More detailed information about ATSI Communications, Inc. is available in the Company's public filings with the Securities and Exchange Commission.