TLL Proshares Ultrashort Telecommunications

Tyler, Texas-based Teletouch Communications, Inc. (AMEX:TLL) today reported that it has filed its Preliminary Proxy Statement and notice of a Special Meeting of Stockholders. The Special Meeting of Stockholders of Teletouch Communications, Inc., is tentatively scheduled to be held on March 1, 2006, at the Hotel Adolphus, 1321 Commerce Street, Dallas, Texas 75202, at 10:00 a.m. local time. The preliminary Proxy Statement is subject to review and comment by the SEC, and as such, this filing may be subsequently amended. About Teletouch Teletouch offers telemetry and GPS-location based mobile asset monitoring, 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 statement.