TLL Proshares Ultrashort Telecommunications

Tyler, Texas-based Teletouch Communications, Inc. (AMEX:TLL) announced today that it is postponing its special stockholders meeting that was tentatively scheduled to take place on March 1, 2006, in Dallas, Texas, until a later date. This determination was made in light of the Company's recent receipt of the Securities and Exchange Commission (SEC) staff comments on its Preliminary Proxy Statement (PRE14A) filed with the SEC on January 5, 2006. The comments received were primarily related to asking the Company to provide clarifications and further financial disclosures related to the proposed paging assets sale transaction. The Company is currently preparing its responses and decided to delay the special stockholders meeting until the SEC comment process is complete, after which the Company may proceed with the filing and distribution of the revised proxy solicitation materials. Teletouch CEO, T. A. "Kip" Hyde, Jr. stated, "Based on our initial review of the staff's comments, we expect to have our response completed in the near future. Once the natural course of this presentation and review process is completed, we will be in a position to reset and announce our shareholder record and meeting dates and move forward with the proposed sale." About Teletouch Teletouch offers data and communication network management for telemetry and GPS-location based mobile asset monitoring, as well as cellular, two-way radio communications and wireless messaging services throughout the United States. Teletouch's common stock is traded on the American Stock Exchange under stock symbol: TLL. Additional business and financial information on Teletouch is available at www.Teletouch.com. All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act 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 (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While 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 "Additional Factors That May Affect Our Business" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statements.