Microtel's Common Shares are Planned to Trade On a New National Bulletin Board Exchange -BBX- to be Operated by the Nasdaq Stock Market Inc. Following the Phasing-Out of the OTC Bulletin Board

Business Wire, April 18, 2002

Business Editors & High-Tech Writers

RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--April 18, 2002

Microtel International Inc. (OTCBB:MCTL) ("Microtel"), today announced it has received notice from The Nasdaq Stock Market Inc. that the OTCBB will be phased-out in 2003 and a new higher quality market, the Bulletin Board Exchange (BBX), will be launched pending expected approval by the Securities and Exchange Commission (SEC).

The phasing-out of the OTCBB operated by The Nasdaq Stock Market and the creation of the BBX were stated in the notice to be "motivated in part by the SEC rules that govern exchanges."

Principal among the many anticipated improvements over the OTCBB for newly listed companies will be increasing liquidity in the market for their securities and conferring the recognition of trading on a listed market. The BBX will have an electronic trading system to allow order negotiation and automatic execution.

This should be a major improvement over the current OTCBB system, where market participants must execute customer orders using the telephone. The BBX's new system should bring increased speed and reliability to trade executions, as well as improve the overall transparency of the marketplace.

Commenting on the notice, Randolph D. Foote, Microtel's chief financial officer stated: "We have been monitoring the development of this plan by the SEC and Nasdaq through various legal forums over the past several months and we couldn't be more pleased to now have enough information to judge the significance of the benefits to Microtel of a BBX listing. Based upon the notice we received and direct contact with Nasdaq we have satisfied ourselves of the tremendous improvement the BBX should represent compared to our current OTCBB listing."

Carmine T. Oliva, Microtel's chairman, president and CEO stated: "Since we first anticipated a second consecutive year of profitability for Microtel in the year 2001, we had been planning a move to either Nasdaq SmallCap or the AMEX while concurrently anticipating the contemplated demise of the OTCBB and a new replacement market system.

"With two consecutive years of profitability, Microtel meets all other requirements for listing on either exchange with the sole exception of minimum share price. Since we have been advised there will be no minimum share price requirement for a BBX listing, the BBX therefore affords Microtel the advantage of trading on a full electronic listed market without the need for a reverse split in order to meet the minimum share price requirement of the other two exchanges. We see the new BBX as an excellent stepping stone toward an ultimate Nasdaq national market listing."

Oliva concluded by stating, "We intend to file our application for the BBX immediately upon receipt."

About Microtel International

Microtel International is an international telecommunications electronics company comprising three wholly owned subsidiaries -- CXR Telcom Corp. in Fremont, Calif. and CXR, S.A. in Paris -- which together comprise the Telecommunications Group and XET Corp. in Rancho Cucamonga, which together with its international subsidiaries, comprise the Electronic Components Group.

CXR Telcom and CXR, S.A. design, manufacture and market field and central office electronic telecommunications test instruments, voice, data and video transmission and network access equipment. XET designs, manufactures and markets electronic components including predominately digital switches and power supplies. The company operates out of facilities in the United States, France, England and Japan.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, the matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties. The actual future benefits to Microtel could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, no assurance that the SEC will approve the BBX or that Microtel will be successful in attaining a listing on the BBX or the BBX will offer any benefits to Microtel's shareholders.