SAN DIEGO, July 16, 2009 (GLOBE NEWSWIRE) -- Axesstel, Inc. (OTC:AXST), a leader in the design and development of fixed wireless voice and broadband data products, today commenced trading shares of its common stock as "AXST" on the OTC. An application for trading on the Over-the-Counter Bulletin Board ("OTCBB") has been submitted and shares will begin trading on the OTCBB as soon as the application becomes effective.
"We remain focused on our core business and are optimistic about the longer term," said Clark Hickock, chief executive officer of Axesstel. "While the global economic slowdown has impacted our results of operations for the first quarter of 2009, we continue to see signs of improvement in the emerging markets. In addition, we are implementing programs to capture growing opportunities in North America and other developed markets."
About Axesstel, Inc.
Axesstel (OTC:AXST) is a recognized industry leader in the design and development of fixed wireless voice and broadband data products. Axesstel's best in class product portfolio includes broadband modems, 3G gateways, machine to machine applications, voice/data terminals, fixed wireless desktop phones and public call office phones for high-speed data and voice calling services. The company delivers innovative fixed wireless solutions to leading telecommunications operators and distributors worldwide. Axesstel is headquartered in San Diego, California with a research and development center in Seoul, South Korea. For more information on Axesstel, visit www.axesstel.com. The Axesstel logo is a trademark of Axesstel, Inc.
The Axesstel, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6261