Otelco to Release 2007 First Quarter Results

    ONEONTA, AL, April 18 /CNW/ - Otelco Inc. (AMEX:   OTT; TSX: OTT.un), the
sole wireline telephone services provider in several rural communities in
Alabama, Maine and Missouri, today announced that it will release its 2007
first quarter financial results after the close of trading on Tuesday, May 8,
2007. The Company will hold a conference call to discuss first quarter results
on Wednesday, May 9, 2007 at 11:00 a.m. (Eastern Time). To listen to the call,
participants should dial (913) 981-5533 approximately 10 minutes prior to the
start of the call. A telephonic replay will be available from 2:00 p.m.
(Eastern Time) May 9, 2007 through May 16, 2007 by dialing (719) 457-0820 and
entering Confirmation Code 6258584.
    The live broadcast of Otelco's quarterly conference call will be
available online at www.otelco.net or www.earnings.com on May 9, 2007,
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.

    Otelco Inc., headquartered in Oneonta, Alabama, provides wireline
telephone services in portions of 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 65,000 access lines, cable modems
and digital subscriber lines, which are collectively referred to as total
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. For more
information, visit the Company's web site at www.otelco.net.

For further information:

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

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