Mr. Curtis Garner reports

OTELCO TO RELEASE 2011 THIRD QUARTER RESULTS

Otelco Inc. will release its 2011 third-quarter financial and operational results after the close of trading on Wednesday, Nov. 2, 2011. The company will hold a conference call to discuss third-quarter results on Thursday, Nov. 3, 2011, at 11 a.m. (Eastern Time). To listen to the call, participants should dial 719-325-2387 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2 p.m. (Eastern Time) Nov. 3, 2011, through Nov. 11, 2011, by dialling 719-457-0820 and entering confirmation code 4640013.

The live broadcast of Otelco's quarterly conference call will be available on-line at its website on Nov. 3, 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.