Otelco to Release 2007 Third Quarter Results

    ONEONTA, AL, Oct. 9 /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
third quarter financial results after the close of trading on Tuesday,
November 6, 2007. The Company will hold a conference call to discuss third
quarter results on Wednesday, November 7, 2007 at 11:00 a.m. (Eastern Time).
To listen to the call, participants should dial 913-312-0714 approximately
10 minutes prior to the start of the call. A telephonic replay will be
available from 2:00 p.m. (Eastern Time) November 7, 2007 through November 15,
2007 by dialing 719-457-0820 and entering Confirmation Code 4282903.
    The live broadcast of Otelco's quarterly conference call will be
available online at www.otelco.net or www.earnings.com on November 7, 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 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 66,500 access lines, cable modems and digital
subscriber 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. 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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Otelco Inc.

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