Axesstel Files 10K for Fiscal Year 2008

SAN DIEGO--(Business Wire)--
Axesstel, Inc. (AMEX: AFT), a leader in the design and development of fixed
wireless voice and broadband data products, announces the filing of its 10-K for
the fiscal year-ended December 31, 2008 on March 27, 2009. In the 10-K, Gumbiner
Savett Inc., the company's independent registered public accounting firm,
included an explanatory paragraph in its 2008 audit report on the company's
financial statements relating to the uncertainty of the company's ability to
continue as a going concern. Section 610 of the Amex Company Guide requires
Amex-listed companies to publicly announce the receipt of a "going concern"
audit opinion.

The company finished 2008 with record revenues of $109.6 million and achieved
its first full year of profitability with net income of $1.4 million, compared
to revenues of $82.4 million and a net loss of $9.0 million in 2007. The company
issued guidance on February 26, 2009 stating it expects revenue in 2009 to again
exceed $100 million and the company to be profitable for the year.

ABOUT AXESSTEL, INC.

Axesstel (AMEX: AFT) is a recognized industry leader in the design and
development of fixed wireless voice and broadband data products. Axesstel's best
in class product portfolio includes wireless web computers, broadband modems, 3G
gateways, voice/data terminals, fixed wireless desktop phones and public call
office phones for access to online computing, high-speed data and voice calling
services. The company delivers innovative fixed wireless solutions to leading
telecommunications operators and distributors worldwide. Axesstel is
headquartered in San Diego, California with a research and development center in
Seoul, South Korea. For more information on Axesstel, visit www.axesstel.com.

(C) 2009 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of
Axesstel, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: With the exception of historical information, the statements set forth
above include forward-looking statements relating to market penetration and
conditions, product capabilities and the timing of new product introductions
which may affect future results and the future viability of Axesstel. Axesstel
wishes to caution readers that actual results could differ materially from those
suggested by the forward-looking statements due to risks and uncertainties and a
number of important risk factors. Those factors include but are not limited the
risk factors noted in Axesstel's filings with the Securities and Exchange
Commission, such as to the need for additional working capital; economic and
political instability in developing markets served by Axesstel; unforeseen
manufacturing difficulties, unanticipated component shortages, competitive
pricing pressures and the rapidly changing nature of technology and frequent
introductions of new products and enhancements by competitors; the competitive
nature of the markets for Axesstel's products; product and customer mix,
Axesstel's need to gain market acceptance for its products; dependence on a
limited number of large customers; potential intellectual property related
litigation; Axesstel's need to attract and retain skilled personnel; and
Axesstel's reliance on its primary contract manufacturer. All forward-looking
statements are qualified in their entirety by this cautionary statement, and
Axesstel undertakes no obligation to revise or update this press release to
reflect events or circumstances occurring after this press release.

Investor Relations Contact:
Lippert / Heilshorn & Associates
Kirsten Chapman / Cathy Mattison
415-433-3777
cmattison@lhai.com

Copyright Business Wire 2009