Mr. Curtis Garner reports

OTELCO TO RELEASE 2011 FIRST QUARTER RESULTS

Otelco Inc. will release its 2011 first quarter financial and operational results after the close of trading on Wednesday, May 4, 2011. The company will hold a conference call to discuss first quarter results on Thursday, May 5, 2011, at 11 a.m. ET. To listen to the call, participants should dial 719-325-2363 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 1 p.m. ET on May 5, 2011, through May 14, 2011, by dialling 719-457-0820 and entering confirmation code 1353922.

The live broadcast of Otelco's quarterly conference call will be available on-line at the company's website on May 5, 2011, beginning at 11 ET. The on-line replay will be available at approximately 2 p.m. ET and continue for 30 days.