StockGuru News: ATSI Secures $1.2 Million Receivables Financing

ATSI Secures $1.2 Million Receivables Financing ATSI Communications, Inc. (OTCBB: ATSX) SAN ANTONIO, TX–(MARKET WIRE)–Nov 30, 2006 — ATSI Communications, Inc. (OTC BB:ATSX.OB – News) today announced that the company has entered into a $1.2 million accounts receivable financing agreement with CCA Financial Services, Inc. The financing arrangement with CCA will provide ATSI with access to capital to fund its growth initiatives and allow the company access to additional capital in the future as its revenues increase. Frank Angelo, President of CCA Financial Services stated, “The purpose of this funding is to facilitate ATSI’s continued growth in its core VoIP business. We are impressed with the company’s growth track record and look forward to working with ATSI in meeting its future goals.” Arthur L. Smith, President & CEO of ATSI Communications, added, “The financing with CCA will support ATSI’s sales initiatives by assisting us in closing top tier accounts that require extended payment terms. In addition to allowing us to capitalize on sales opportunities, the financing agreement will provide us with increased flexibility as it pertains to cash management.” ATSI Communications, Inc. operates through its two wholly owned subsidiaries, Digerati Networks, Inc. and Telefamilia Communications, Inc. Digerati Networks, Inc. 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 NexTone powered VoIP network, ATSI believes it has clear advantages over its competition. Telefamilia Communications provides specialized retail communication services that includes VoIP services to the high-growth Hispanic market in the United States. 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. Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by the safe harbor provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We have identified forward-looking statements by using words such as “expect,” “believe,” “should,” “may,” “intend,” and “anticipate” or words of similar import. Those statements include, but may not be limited to, all statements regarding our management’s intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. 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. These risks and uncertainties include the assumption that we will continue as a going business; our inability to predict or anticipate changes in regulations or the actions of domestic and foreign governments; and the continued availability of funds in amounts and on acceptable terms. More detailed information about ATSI Communications, Inc. is available in the Company’s public filings with the Securities and Exchange Commission. We believe that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law. Contact: Contact: Jack Eversull The Eversull Group 972-991-1672 972-991-7359 (fax) E-mail: Email Contact Web Site: http://www.atsi.net Source: ATSI Communications View the StockGuru Profile for ATSI Communications: http://www.stockguru.com/profiles/atsx/ We Invite you to Visit the All New StockGuru Blog! Here you will find updates on all our covered companies, including Profiled Companies and StockGuru Picks. 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