ATSI Communications has retained RJ Falkner & Company to develop and implement a comprehensive investor relations program as part of its rebranding initiative to change its name to Digerati Technologies. The rebranding aims to increase visibility and align the company name with its primary brand which generates most of its revenue. RJ Falkner & Company was selected for its expertise in shareholder communications and relationships in the investment community. The agreement covers investor relations services, research reports, and other services to support the rebranding goals.

1. ATSI RETAINS RJ FALKNER & COMPANY
FOR REBRANDING INITIATIVE
SAN ANTONIO, Texas -- February 24, 2011 -- ATSI Communications, Inc.
(OTCBB:ATSX) (OTCQB:ATSX), a global provider of cloud communication
services, today announced that it has retained RJ Falkner & Company, Inc. to
develop and implement a comprehensive investor relations program for the
Company that is consistent with its “rebranding” initiative.
The Company recently announced that its Board of Directors approved a
rebranding initiative and corporate name change to Digerati Technologies, Inc.
Upon approval by shareholders, the Company will proceed to conduct business
as Digerati, reflecting the brand associated with the majority of its revenue.
Aligning the Company’s name with its primary brand is expected to increase
visibility among current and prospective customers and within the investment
community.
Arthur L. Smith, President and Chief Executive Officer of ATSI Communications,
commented, “RJ Falkner & Company has been selected due to its expertise in
shareholder and investor communications, as well as the relationships that its
research analysts have developed within the investment community over the past
41 years. To successfully achieve our corporate rebranding goals, it is
imperative that we effectively communicate with our shareholders and potential
investors in the Company.”
RJ Falkner & Company, Inc. is an investment research and financial
communications firm that seeks out undervalued small-cap companies with the
potential to outperform the overall stock market on an intermediate and long-term
basis. Its research analysts work with the managements of such companies to
broaden their exposure within the investment community and expand the level of
interest among investment professionals and high-net-worth individual investors.
Additional information on RJ Falkner & Company, Inc. is available on the Internet
at www.rjfalkner.com.
R. Jerry Falkner, CFA, President of RJ Falkner & Company, Inc., stated, “We
look forward to providing Digerati with a full range of investor relations services.
As a global provider of cloud-based communication services, we believe Digerati
is poised to substantially grow its business. We also believe that we can greatly

2. aid the Company in its rebranding initiative, thereby enhancing customer
relationships and shareholder value.”
The agreement between ATSI Communications, Inc. and RJ Falkner &
Company, Inc. covers one year and provides for assistance with investor
relations, press release development, the preparation of independent analyses
and research reports, and other related services of benefit to ATSI
Communications, Inc. Any forecasts, projections, and/or conclusions contained
in the research reports published by RJ Falkner & Company will be
independently prepared by RJ Falkner & Company, unless otherwise stated, and
will not be endorsed by the management of ATSI Communications, Inc.
In addition, ATSI Communications, Inc. has signed an agreement with Recap
Marketing & Consulting, Ltd., of Houston, Texas, to assist with strategic planning
through the corporate rebranding and name change. “Recap and its principals
have assisted us in the past with our strategic planning, and we look forward to
working closely with them again as we position Digerati as an emerging provider
of cloud communication services,” concluded Smith.
About ATSI Communications, Inc.
ATSI Communications, Inc., through its wholly-owned subsidiary, Digerati
Networks, Inc., has emerged as a premier provider of global cloud-based VoIP
services in rapidly expanding markets throughout Asia, Europe, the Middle East,
and Latin America. Over the past decade, Digerati has established over 200
global partnerships with foreign carriers and emerging operators in more than 50
countries. In addition to global cloud-based VoIP transport, Digerati provides
enhanced VoIP applications, including a fully hosted IP/PBX service, SIP
trunking, and customized VoIP solutions for specialized applications. The
Company's customer base includes traditional telecommunication carriers,
mobile operators, VoIP service providers, calling card companies, Internet
service providers, and data service integrators.
The Company is headquartered in San Antonio, Texas, and its common stock
trades on the OTC Bulletin Board and the OTCQB exchanges under the symbol
“ATSX.”
The information in this news release includes certain forward-looking statements
that are based upon management’s expectations and assumptions about certain
risks and uncertainties that can affect future events. Although management
believes these assumptions and expectations to be reasonable on the date of
this news release, these risks and uncertainties may cause actual events to differ
from those contained in this news release. The risks and uncertainties include,
but are not limited to, continuing as a going concern, availability and cost of
present vendors and suppliers, changes in government regulations or other costs
associated with data transmission over the Internet or termination of
transmissions in foreign countries, and other factors set forth in the Company’s

3. Form 10-K and other reports filed with the SEC. The Company is under no
obligation to (and expressly disclaims any such obligation to) update or alter its
forward-looking statements, whether as a result of new information, future events
or otherwise. .
For Additional Information Contact:
Jack Eversull
The Eversull Group
(972) 571-1624
214-469-2361 fax
email at jack@theeversullgroup.com
or
R. Jerry Falkner, CFA
RJ Falkner & Company, Inc.
(830) 693-4400 or via email at info@rjfalkner.com