Mr. Curtis Garner reports

OTELCO TO RELEASE 2012 FIRST QUARTER RESULTS

Otelco Inc. will release its 2012 first quarter financial and operational results after the close of trading on Thursday, May 3, 2012. The company will hold a conference call to discuss first quarter results on Friday, May 4, 2012, at 10 a.m. (Eastern Time). To listen to the call, participants should dial 719-325-4767 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 1 p.m. (Eastern Time) on May 4, 2012, through May 13, 2012, by dialling 719-457-0820 and entering confirmation code No. 5368741.

The live broadcast of Otelco's quarterly conference call will be available on-line at the company's website on May 4, 2012, beginning at 10 a.m. (Eastern Time). The on-line replay will be available at approximately 1 p.m. (Eastern Time) and continue for 30 days.