Teletouch Schedules Release of Its 2005 and Amended 2004 Annual Reports for Tuesday, November 8, 2005; Form 10-K/A for Fiscal 20

Teletouch Communications, Inc. (AMEX: TLL) announced
today that it plans to file its amended Annual Report on Form 10-K/A
for fiscal 2004, as well as its Annual Report on Form 10-K for fiscal
2005 on Tuesday, November 8, 2005. The amended Annual Report on Form
10-K/A for fiscal 2004 will include amended and restated financial
statements for the fiscal years ended May 31, 2002 and 2003,
respectively, including specifically its amended and restated
Consolidated Statement of Operations for the years ended May 31, 2002
and 2003, and Consolidated Balance Sheet as of May 31, 2003.
   The Company also reported that it expects to file its Quarterly
Report on Form 10-Q for the first quarter of fiscal 2006 shortly after
completing the full year 2004 and 2005 filings described above.
   Teletouch CEO T. A. "Kip" Hyde, Jr. stated, "We are pleased to
have worked through the very complex issues surrounding the
restatements of the 2002 and 2003 financial statements with the SEC
and our auditors. Once current with all of our filings, we will then
be able to file our proxy statement for a Special Shareholder's
Meeting to address and allow our shareholders to vote on the
previously announced sale of the Paging business assets and other
matters. As these actions are completed, Teletouch will be in a much
better financial position to invest in growth businesses, both
internally and through related acquisitions."
   In the interim, the Company urged investors and other users of the
Company's SEC filings not to rely on the Company's financial
statements for the years ended May 31, 2002 and 2003, to the extent
they are affected by the previously announced accounting issues. The
readers of this press release are urged to read carefully the
Company's previous public announcements and regulatory filings with
the Securities and Exchange Commission, including the press releases
and Current Reports on Form 8-K filed with the Securities and Exchange
Commission, dated September 2 and 7, 2005, respectively.

   About Teletouch

   Teletouch Communications, Inc., a U.S. leader in wireless
messaging and related network management, provides a complete suite of
mobile asset tracking solutions using sophisticated, yet
cost-effective GPS-based hardware and software products for fleets,
hazardous materials and "worker-down" emergency notification
applications. In addition to its telemetry business, Teletouch offers
two-way radio communications, cellular and wireless messaging services
throughout the United States. Teletouch's common stock is traded on
the American Stock Exchange under stock symbol: TLL. Additional
product, business and financial information for Teletouch is available
at www.Teletouch.com.
   This release contains certain "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Exchange Act, as amended, that are based on
management's exercise of business judgment as well as assumptions made
by and information currently available to management. When used in
this document, the words "may," "will," "anticipate," "believe,"
"estimate," "expect," "intend," and words of similar import, are
intended to identify any forward-looking statements. You should not
place undue reliance on these forward-looking statements. Negotiations
with respect to the transaction that are the subject of this release
are ongoing and may result in significant modifications to the
transaction. There can be no assurance that the transaction that is
the focus of this release will be concluded, or if concluded that it
will be concluded on terms currently contemplated. These statements
reflect our current view of future events and are subject to certain
risks and uncertainties as noted in our securities and other
regulatory filings. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, our
actual results could differ materially from those anticipated in these
forward-looking statements. We undertake no obligation and do not
intend to update, revise or otherwise publicly release any revisions
to these forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of any
unanticipated events. Although we believe that our expectations are
based on reasonable assumptions, we can give no assurance that our
expectations will materialize. Many factors could cause actual results
to differ materially from our forward-looking statements.