Teletouch Now Trading on OTC Bulletin Board

FORT WORTH, Texas--(BUSINESS WIRE)--Teletouch Communications, Inc. (OTCBB: TLLE), a leading U.S. cellular services and consumer electronics provider, announced that effective September 1, 2010, the Company is now quoted on the OTC Bulletin Board electronic quotation system under the Company’s current ticker symbol, “TLLE.” For several years, the Company was traded on the American Stock Exchange (“AMEX”). After completing the acquisition of Progressive Concepts, Inc. in August 2006, the Company was unable to timely report its consolidated financial statements and was subsequently delisted from the AMEX in January 2007. As a result, until yesterday, the Company had been quoted only on the Pink Sheets. In December 2009, Teletouch regained currency in all of its SEC-required prior period filings. With its recently filed Report on Form 10-K for the 2010 fiscal year ended May 31^st, the Company has also timely filed all of its required financial reports for a consecutive twelve month period and is therefore deemed fully current and compliant under all SEC guidelines and requirements.

“Our stock symbol will remain TLLE while on the OTCBB, providing continuity for ongoing investor information purposes.”

"Teletouch’s move to the OTCBB is one of the stated milestones we have achieved towards our structural objective to increase sustainable shareholder value. We expect that this transition to the OTCBB quotation system will provide improved trading visibility to our current and prospective shareholders, as well as enhance the overall market efficiency in the trading of our stock," stated T. A. "Kip" Hyde, Jr., President, Chief Operating Officer and Director of Teletouch. “Our stock symbol will remain TLLE while on the OTCBB, providing continuity for ongoing investor information purposes.”

REMINDER: EARNINGS CONFERENCE CALL – PRE-REGISTRATION REQUIRED:

On September 8, 2010 at 4:15 p.m. Eastern (3:15 p.m. Central), Teletouch will hold the Company’s fiscal year 2010 earnings teleconference. Hosted by AT Conference, pre-registration is required. To pre-register, email information to Investors@teletouch.com, and include first, last and company name. Participants are asked to designate if analyst or shareholder, with the sponsoring institution name, as applicable. Participants will be able to listen and ask questions during the conference call by dialing a dedicated call-in number provided after registration.

For those unable to participate in the live call, a replay and transcript will be available in the Newsroom section of the Company’s website www.teletouch.com after 8:00 p.m. Central time.

REMINDER: ANNUAL SHAREHOLDERS MEETING:

On August 16, 2010, the Company announced that its annual shareholders meeting is scheduled for October 25, 2010, at 1:00 p.m. Central, to be held in Fort Worth, Texas at The Ashton Hotel, 610 Main Street, Fort Worth in the Winfree Ballroom. Shareholders of record as of August 30, 2010 (Record Date) will be mailed their proxy materials and annual reports on or about September 20, 2010, subsequent to the filing of the Company’s Definitive Proxy Statement on Form DEF14A, on or about September 16, 2010.

About Teletouch Communications

For over 46 years, Teletouch has offered a comprehensive suite of wireless telecommunications solutions, including cellular, two-way radio, GPS-telemetry and wireless messaging. Teletouch is a leading direct Authorized Service Provider and billing agent of AT&T (NYSE: T) products and services (voice, data and entertainment) to consumers, businesses and government agencies, as well as an operator of its own two-way radio network and LTR systems in Texas. Recently, Teletouch entered into national agency and distribution agreements with Sprint (NYSE: S) and Clearwire (NASDAQ: CLWR), providers of advanced 4G cellular network services. Teletouch operates a chain of 26 retail and authorized agent stores under the “Teletouch” and “Hawk Electronics” brands, in conjunction with its direct sales force, call center operations, and various retail eCommerce websites including: www.hawkelectronics.com, www.hawkwireless.com and www.hawkexpress.com. Through its wholly owned subsidiary, Progressive Concepts, Inc., Teletouch operates a national distribution business, PCI Wholesale, primarily serving large cellular carrier agents and rural carriers, as well as auto dealers and smaller consumer electronics retailers, with product sales and support available through www.pciwholesale.com and www.pcidropship.com, among other B2B oriented websites.

Teletouch's common stock is quoted on the OTC Bulletin Board under the ticker symbol: TLLE. Additional information about the Teletouch family of companies can be found at www.teletouch.com.

All statements from Teletouch Communications, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the PSLRA of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While the Company’s management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.