Otelco to Release 2007 Fourth Quarter and Year-End Results

    ONEONTA, AL, Jan. 22 /CNW/ - Otelco Inc. (AMEX:   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 2007
fourth quarter and year-end financial results after the close of trading on
Thursday, February 14, 2008. The Company will hold a conference call to
discuss fourth quarter and annual results on Friday, February 15, 2008 at
11:00 a.m. (Eastern Time). To listen to the call, participants should dial
(913) 312-0939 approximately 10 minutes prior to the start of the call. A
telephonic replay will be available from 2:00 p.m. (Eastern Time)
February 15, 2008 through February 23, 2008 by dialing (719) 457-0820 and
entering Confirmation Code 2314672.
    The live broadcast of Otelco's quarterly conference call will be
available online at www.OtelcoInc.com or www.earnings.com on
February 15, 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.


    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 67,500 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.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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