Otelco to Release 2008 Second Quarter Results

    ONEONTA, AL, July 10 /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
second quarter financial and operational results after the close of trading on
Tuesday, August 5, 2008. The Company will hold a conference call to discuss
second quarter results on Wednesday, August 6, 2008 at 11:00 a.m. (Eastern
Time). To listen to the call, participants should dial (913) 981-5573
approximately 10 minutes prior to the start of the call. A telephonic replay
will be available from 2:00 p.m. (Eastern Time) August 6, 2008 through August
14, 2008 by dialing (719) 457-0820 and entering Confirmation Code 5357214.
    The live broadcast of Otelco's quarterly conference call will be
available online at www.OtelcoInc.com or www.earnings.com on August 6, 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 69,000 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. 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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