Teletouch Communications (OTCBB: TLLE) and AT&T (NYSE: T) Reach Settlement and Renew Relations

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO CIRCUIT

NEW YORK, NY -- (Marketwire) -- 11/29/11 -- Teletouch Communications, Inc. (OTCBB: TLLE) subsidiary Progressive Concepts, Inc. and AT&T (NYSE: T) have reached a multi-part settlement to ongoing litigation and renew distribution agreements. To view the entire company press release, please visit,

Among the terms of the settlement are PCI's contracted right and authorization to sell, activate and provide services to Apple (NASDAQ: AAPL) iPhone and iPad models as a Distributor and to sell and activate such models as a Dealer.

Both AT&T and Verizon (NYSE: VZ) have reported they are struggling to keep up with the heavy demand for the iPhone and iPad this past weekend, which marked the kickoff to the holiday shopping season.

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