Teletouch Subsidiary Progressive Concepts, Inc. (dba Hawk Electronics) and AT&T Settlement Status Update

FORT WORTH, Texas--(BUSINESS WIRE)--Teletouch Communications, Inc. (OTCBB: TLLE), a leading U.S. wireless services, cellular, consumer electronics and public safety equipment provider, today announced that its wholly owned subsidiary, Progressive Concepts, Inc. dba Hawk Electronics (“PCI”) indicated that the parties are continuing to make progress toward reaching a final settlement agreement, the terms of which - if finally agreed upon - will be completed in the relatively near future. As before, no information about the settlement is being made publicly available until the completed settlement is documented by the parties. In the event that the parties are not successful in reaching mutual agreement on final settlement terms, the arbitration hearing is currently scheduled to commence on July 22, 2011.