Z-Tel Reports That NASDAQ Will Quote Stock Price Adjusted for 1-for-5 Reverse Stock Split Beginning Thursday, December 2nd; Stock Symbol Will Then Change to ZTLDC

Business Wire, Dec 1, 2004

TAMPA, Fla. -- Z-Tel Technologies, Inc. (NASDAQ/SC: ZTELC), parent company of Z-Tel Communications, Inc., a leading provider of enhanced wireline and broadband telecommunications services, announced today that NASDAQ has confirmed it will quote Z-Tel's stock price adjusted for its 1-for-5 reverse stock split beginning Thursday, December 2, 2004. Also at that time, the Company's stock symbol will change to ZTLDC. After giving effect to the reverse stock split, which was effective November 30, 2004, Z-Tel has approximately 55 million shares of common stock outstanding.

About Z-Tel

Z-Tel offers consumers and businesses nationwide enhanced wire line and broadband telecommunications services. All Z-Tel products include proprietary services, such as Web-accessible, voice-activated calling and messaging features that are designed to meet customers' communications needs intelligently and intuitively. Z-Tel is a member of the Cisco Powered Network Program and makes its services available on a wholesale basis to other communications and utility companies, including Sprint. Z-Tel has previously announced its intention to change its name to Trinsic, Inc. effective as of the close of business on January 3, 2005. Its new NASDAQ trading symbol will be TRIN. For more information about Z-Tel and its innovative services, please visit www.ztel.com.

This press release contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "estimate," "expect," and "projects" signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in our periodic filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on Z-Tel's business, financial condition, and results of operations. We assume no obligation to update these forward-looking statements.