Exhibit 99.1
American Telecom Services Announces
Preliminary Revenue Expectations for Fiscal Fourth Quarter;
Current orders To-Date
- - Company expects fiscal fourth quarter revenues of approximately $2.8 million -
- - Company has received $11 million in orders through August 11th, all projected
to ship in 2006 -
Contact: Company Investors: Media:
Bruce Hahn, CEO Matthew Hayden Daniell Ross
(310) 871-9904 Hayden Communications Comunicano, Inc.
(404) 261-7466 (858) 704-5065 (858) 314-2958
Bruce.Hahn@atsphone.com matt@haydenir.com dross@comunicano.com
FOR IMMEDIATE RELEASE
CityplaceCity of Industry, StateCalifornia, August 15, 2006 - American Telecom
Services Inc. (AMEX: TES), a provider of converged communications solutions
today announced preliminary expectations for its fiscal fourth quarter, and
current orders received through August 11th which are expected to be shipped by
December 31, 2006.
For the Company's fiscal fourth quarter which ended June 30, 2006, total
revenues are expected to be approximately $2.8 million. Management anticipates
announcing audited results for the fourth quarter and full-year period in late
September.
As of August 11, 2006, the Company has received purchase orders of approximately
$11 million for telephones bundled with both the Pay-N-Talk and Internet phone
services (VoIP or Voice over Internet Protocol), which are expected to be
shipped before December 31, 2006. As of August 11th, approximately 900,000
handsets have been ordered for production to support current and future orders.
As of August 11th, 2006, the Company has shipped or has orders placing our
products in approximately 12,100 retail locations nationwide and expects to
expand its distribution to exceed 15,000 retail locations by December 31, 2006.
"The pickup in orders reflects the increased interest of large retailers in
selling and advertising our expanding product portfolio with support through
consistent national advertising programs and full-time inline store position,"
commented Bruce Hahn, CEO of American Telecom Services.
American Telecom Services' patent pending Pay N' Talk is a proprietary prepaid
residential long distance service provided through a NYSE-listed global leader
in providing prepaid service offerings.
The Company also offers Internet Phones bundled with Internet Telephone Service
utilizing its patent pending Digital Clear technology, providing consumers an
integrated platform with clear
voice and simple plug and play connectivity that can be expanded to accommodate
multiple handsets throughout the home.
About American Telecom Services
American Telecom Services, a leading provider of converged communications
solutions, currently offers Digital Clear Internet phone bundles powered by
SunRocket (voice-over-Internet-Protocol or "VoIP") and Pay N' Talk prepaid
residential long distance services powered by IDT. These services are bundled
with ATS' diverse line of custom designed, cordless multi-handset phones. ATS
sells its phone/service bundles through major retailers under the "American
Telecom", "ATS" "Pay N' Talk" and "Digital Clear" brand names.
Safe Harbor Statement
Any statements in this press release that are not historical facts are
forward-looking statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. In some cases, you can identify those
forward-looking statements by words such as "may," "will," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts," "potential," or
"continue" or the negative of those words and some other comparable words. These
forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from historical results or those the
Company anticipates. Factors that could cause actual results to differ from
those contained in the forward-looking statement include, but are not limited
to, those risks and uncertainties described in the Company's prospectus dated
February 1, 2006 and the other reports and documents the Company files from time
to time with the Securities and Exchange Commission. Statements included in this
press release are based upon information known to the Company as of the date of
this press release, and the Company assumes no obligation to (and expressly
disclaims any such obligation to) publicly update or alter its forward-looking
statements made in this press release, whether as a result of new information,
future events or otherwise, except as otherwise required by applicable federal
securities laws.