ATSI Communications Ranks 30th Among 50 Fastest Growing Technology Companies in Texas

SAN ANTONIO, TX--(Marketwire - November 4, 2008) - ATSI Communications, Inc. (OTCBB: ATSX) ranked 30th among the list of the fastest-growing companies in Texas as recognized by Deloitte LLP at an award event held October 30, 2008, in Fort Worth. The "Texas Technology Fast 50," an annual award program, ranks technology, media, telecommunications and life sciences companies in Texas by percentage revenue growth over five years.

"The companies named to Deloitte's Texas Technology Fast 50 list have demonstrated the vision, tenacity and strength to succeed in today's very competitive technology environment," said Amy Chronis, managing partner of Deloitte's Central Texas practice, and chair of the 2008 Texas Technology Fast 50. "We applaud their successes as the few to achieve these impressive growth rates over the past five years."

Mr. Smith commented, "It was an honor and a tribute to our management team and employees to be included in such a distinguished list of companies. It is particularly noteworthy to be the only San Antonio company to make the list."

The rankings by Deloitte & Touche, LLP were based on revenue growth from 2003 through 2007. ATSI's revenues over the period grew 356%. Automatic consideration will also be given for the Technology Fast 500, which honors the 500 fastest growing North American technology, media, telecommunications and life sciences companies.

ATSI Communications, Inc. operates through its wholly owned subsidiary, Digerati Networks, Inc. Digerati Networks is a premier global VoIP carrier serving rapidly expanding markets in Asia, Europe, the Middle East, and Latin America, with an emphasis on Mexico. Through Digerati's partnerships with established foreign carriers and network operators, interconnection and service agreements, and a NextPoint powered VoIP network, ATSI believes it has clear advantages over its competition. ATSI also owns a minority interest of a subsidiary in Mexico, ATSI Comunicaciones, S.A. de C.V., which operates under a 30-year government issued telecommunications license.

The information in this news release includes certain forward-looking statements that are based upon management's expectations and assumptions about certain risks and uncertainties that can affect future events. Although management believes these assumptions and expectations to be reasonable on the date of this news release, these risks and uncertainties may cause actual events to differ material from managements those contained in this news release. The risks and uncertainties include, but are not limited to, continuing as a going concern, availability and cost of our present vendors and suppliers, and absence of any change in government regulations or other costs associated with data transmission over the Internet or termination of transmissions in foreign countries.

Contact Information: Contact: Jack Eversull The Eversull Group 972-378-7917 972-378-7981 (fax) E-mail: Web Site: www.atsi.net