Ramtelecom Inc. Announces the Issuance of Shares to Directors


    OTTAWA, Oct. 1 /CNW/ - Ramtelecom Inc. ("Ramtelecom") (TSX Venture: RTC)
announces that further to its press release issued September 17, 2007, the TSX
Venture Exchange has accepted for filing, effective 26 September, 2007,
Ramtelecom's proposal to issue an aggregate total of 41,414 Common Shares at a
deemed price of $0.25 per share in satisfaction of the balance of directors'
fees owing to Robert Iverach, Barry Baptie and Michael Hibberd. The 41,414
Common Shares have now been issued and are subject to a four month hold

    About Ramtelecom

    Ramtelecom Inc. is a publicly traded corporation which shares are listed
for trading on the TSX Venture Exchange under symbol RTC. The Corporation is a
satellite service provider delivering flexible, scalable solutions for
broadband data and voice business communications. Its fixed and mobile
satellite-based communication services and value-added solutions are designed
for medium and large enterprises in oil and gas, mining, and forestry and
government agencies. With complete coverage of the North American market, the
Corporation's satellite broadband services help organizations achieve greater
operational efficiency by providing continuous real-time communications
between central offices and remote locations anywhere in North America.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

        If you would like to receive press releases for RAMTelecom in
           the future, please email sarah@chfir.com and mention
                         "RTC News" in the headline.

    %SEDAR: 00023242E

For further information:

For further information: R. A. (Ralph) Misener, President and Chief
Executive Officer, (613) 747-1836 Ext. 124, Email: rmisener@ramtelecom.ca; CHF
Investor Relations, Alison Tullis, Account Manager, Tel: (416) 868-1079 Ext
233, Email: alison@chfir.com

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