Otelco to Release 2008 Third Quarter Results



    ONEONTA, AL, Oct. 6 /CNW/ - Otelco Inc. (NASDAQ:   OTT; TSX: OTT.un), the
sole wireline telephone services provider in the Alabama, Maine and Missouri
rural communities it serves, today announced that it will release its 2008
third quarter financial and operational results after the close of trading on
Tuesday, November 4, 2008. The Company will hold a conference call to discuss
third quarter results on Wednesday, November 5, 2008 at 11:00 a.m. (Eastern
Time). To listen to the call, participants should dial (913) 981-5580
approximately 10 minutes prior to the start of the call. A telephonic replay
will be available from 2:00 p.m. (Eastern Time) November 5, 2008 through
November 13, 2008 by dialing (719) 457-0820 and entering Confirmation Code
4154593.
    The live broadcast of Otelco's quarterly conference call will be
available online at www.OtelcoInc.com or www.earnings.com on November 5, 2008,
beginning at 11:00 a.m. (Eastern Time). The online replay will be available at
approximately 2:00 p.m. (Eastern Time) and continue for 30 days.

    ABOUT OTELCO

    Otelco Inc., headquartered in Oneonta, Alabama, provides wireline
telephone services in Alabama, Maine and Missouri. The Company's services
include local and long distance telephone, network access, transport, digital
high-speed and dial-up Internet access, cable television and other telephone
related services. With more than 70,000 voice and data access lines, which are
collectively referred to as access line equivalents, Otelco is among the top
40 largest local exchange carriers in the United States based on number of
access lines. Otelco operates six incumbent telephone companies serving rural
markets, or rural local exchange carriers, each of which can trace its history
as a local telecommunications provider as far back as the early 1900s. It also
provides competitive telephone services through several subsidiaries. On
August 7, 2008, the Company announced it had entered into a stock purchase
agreement with Country Road Communications LLC to acquire 100% of the
outstanding capital stock of Pine Tree Holdings, Inc., Granby Holdings, Inc.
and War Holdings, Inc. For more information, visit the Company's web site at
www.OtelcoInc.com.





For further information:

For further information: Curtis Garner, Chief Financial Officer, Otelco
Inc., (205) 625-3571, Curtis@otelcotel.com

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