Mr. Curtis Garner reports

OTELCO TO RELEASE 2011 SECOND QUARTER RESULTS

Otelco Inc. will release its 2011 second-quarter financial and operational results after the close of trading on Wednesday, Aug. 3, 2011. The company will hold a conference call to discuss second-quarter results on Thursday, Aug. 4, 2011, at 11 a.m. (Eastern Time). To listen to the call, participants should dial 719-457-2679 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2 p.m. (Eastern Time), Aug. 4, 2011, through Aug. 13, 2011, by dialling 719-457-0820 and entering confirmation code 5292035.

The live broadcast of Otelco's quarterly conference call will be available on-line at the company's website on Aug. 4, 2011, beginning at 11 a.m. (Eastern Time). The on-line replay will be available at approximately 2 p.m. (Eastern Time) and continue for 30 days.