Teletouch Announces New and Increased Credit Facilities and Completion of Other Significant Agreements

Business Wire, May 28, 2008

About Thermo Credit, LLC

Thermo Credit, LLC is a financial services company focused exclusively on the telecommunications industry. Thermo Credit serves established, well-run companies that need capital to expand or improve their operations. Thermo Credit provides asset based solutions, loans, lines of credit and capital investment programs to every segment of the telecommunications market. For more information, visit www.thermocredit.com.

All statements in this news release that are not based on historical fact, including without limitation references to the funds that will be available to the Company under the financing facilities, and the adequacy of those facilities to address future working capital needs and to facilitate future growth of the Company's business, are "forward-looking statements" within the meaning of the PSLRA 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. 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 "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, the disclosures set forth in the Form 8-K as well as other public filings with the SEC since the date of filing of each such report. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.