[June 10, 2014]

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Axesstel, Inc.

Law Offices of Howard G. Smith reminds investors that all purchasers of the securities of Axesstel, Inc (News - Alert). ("Axesstel" or the "Company") (OTC:AXST) between February 28, 2013 and March 31, 2014, inclusive (the "Class Period"), have until June 23, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.

Axesstel provides wireless voice, broadband access and connected home solutions for the telecommunications market worldwide. The Complaint alleges that throughout the Class Period defendants issued false and misleading statements or failed to disclose that: (1) the Company was facing issues that were negatively impacting the rollout of Axesstel's new Home Alert product line; (2) certain aspects of sales to two customers in Africa in the first quarter of 2013, including payment terms and market allowances, were not finalized by the end of the quarter; (3) the Company improperly recognized revenue from the foegoing sales to the two customers in Africa, in violation of the Company's stated revenue recognition policy; (4) as a result, the Company's revenue and financial results were overstated, and the Company misrepresented the progress of the rollout of the new Home Alert product line, as well as the true demand for the new product line; (5) the Company's financial statements were not prepared in accordance with Generally Accepted Accounting Principles ("GAAP"); (6) the Company lacked adequate internal and financial controls; and (7) as a result of the foregoing, the Company's financial statements and other statements about Axesstel's business, operations, and prospects were materially false and misleading at all relevant times and/or lacked a reasonable basis.

If you purchased Axesstel securities during the Class Period, you may move the Court no later than June 23, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.

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