Teletouch Subsidiary Progressive Concepts, Inc. (dba Hawk Electronics) and AT&T Mutually Agree to Reschedule July 22, 2011 Arbitration Hearing Start

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”) and AT&T (NYSE: T) are continuing to work toward completing documentation on the terms of a final settlement agreement between the parties. If the parties are unable to agree upon the final terms of the settlement within approximately the next three to four weeks, settlement discussions will halt and the parties will start preparing for the final arbitration hearing. New hearing dates are to be scheduled and announced in the near future, with an expected start date to be in early September. As previously announced, pursuant to a joint protective order and agreement, no detailed information about the settlement discussions are being made publicly available until the completed settlement is fully and finally documented by the parties.