Asia Telecom Ltd.(fka ATLJ)

[johncee]

sia Telecom Ltd. (Pink Sheets: ATLJ, http://www.marketwatch.com/quotes/atlj)

Asia Telecom Announces Project Update

Asia Telecom Ltd. (PINKSHEETS: ATLJ) is proud to announce an update on one of its many ongoing projects in Azerbaijan.

The Internet service provider (ISP) division of Asia Telecom Ltd. commenced operations in June 2005. It is a provider of dial-up and ADSL services in the territory of Azerbaijan. This division today manages at least 18% of the dial-up market in Azerbaijan and recently began providing ADSL (Broadband) services in Q4 of 2006.

In Q4 2006, the ISP division began the construction of its own data transmission network and placement of DSLAM equipment for the assignment ADSL (Broadband) services in Baku city, Azerbaijan. As of the end of Q4 - 2006, the company has laid a significant portion of the planned 200 km of fiber-optical cable. The completion of this project is scheduled for the end of February 2007.

CEO Ayaz Karimov stated: "This initiative in Azerbaijan, and others like it, will serve to solidify our position as a significant player in the Central Asian market for dial-up, ADSL and related services." About Asia Telecom Ltd.

Asia Telecom, Ltd. intends to become a VOIP telecommunications company with a strategic focus on establishing and maintaining operations in Central Asia and Eastern Europe.

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