Friday, March 09, 2007 9:06:04 AM
Asia Telecom Ltd. Shareholder Update
Thursday March 8, 1:30 pm ET
NEW YORK, NY--(MARKET WIRE)--Mar 8, 2007 -- Asia Telecom Ltd. (Other OTC:ATLJ.PK - News) is proud to announce that the Company has been listed on the Frankfurt Stock Exchange (http://deutsche-boerse.com) under the trading symbol HZK.F (Frankfurt:HZKF.F - News).
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The Company would also like to allay the concerns of its shareholders by re-stating its commitment to increasing the net worth of the company and enhancing share value.
CEO Ayaz Karimov stated: "There has been no further dilution in the share structure of the Company. Our Company has not amended or restructured its share structure since January 2007 and there are no plans to do so, especially since our Company is planning to become a fully reporting issuer and this process could take several months."
A more formal update on the various projects and initiatives undertaken by the Company is expected before the end of Q1-2007 (March 31st).
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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