July 27, 2006 at 15:13 PM EDT
Alltel Wireless Debuts Two LG Handsets with Touch2Talk Capability; Carrier Is First to Offer Feature-Rich, Productivity Enhancing LG AX390 and AX355

Alltel Wireless (NYSE:AT), America's largest network, and LG Electronics MobileComm USA Inc. (LG Mobile Phones) today announced two new handsets equipped with Alltel's innovative and always reliable Touch2Talk walkie-talkie service. The LG AX390 and AX355 handsets are exclusively available from Alltel Wireless beginning today.

"The LG AX390 and AX355 significantly expand and enhance Alltel's lineup of Touch2Talk wireless phones," said Wade McGill, senior vice president of product management for Alltel. "These LG handsets provide Touch2Talk users with even greater flexibility as well as the nation's largest walkie-talkie coverage, allowing customers to improve communications and boost productivity."

"LG is excited to present Alltel customers with additional Touch2Talk options," said Jon Maron, senior director of marketing for LG Electronics MobileComm. "These LG handsets make it easier than ever to stay in touch with family and friends, as well as showcasing the latest advanced data capabilities that today's wireless customers demand."

The AX390 features enhanced Touch2Talk capabilities, including the ability to upgrade walkie-talkie calls to regular wireless calls when circumstances require an extended conversation; the ability to send a text message to all members of a Touch2Talk group, and the ability to receive "buddy alerts" when friends or co-workers become available for Touch2Talk calls.

The AX390 also features a one-touch speakerphone, voice recognition (no matter who's talking) and large, forward-firing speakers, all of which allow users to multitask while communicating. In addition, the AX390 is Axcess Web capable and works on Alltel's Axcess MobileLink network, which delivers speeds of 40 to 70 kbps with bursts up to 144 kbps.

Alltel customers can purchase one LG AX390 for $59.99 and get a second for free. This discounted price is available to new customers on two-year service agreements as well as to existing eligible customers on qualifying rate plans.

The AX355, in addition to delivering Touch2Talk service, features a 1.3 megapixel camera, Axcess picture and video messaging, built-in speakerphone and voice-activated dialing. It also features hands-free Bluetooth(R) wireless technology and BREW(R) 2.1. It is Axcess Web capable and works on Alltel's Axcess MobileLink network.

The AX355 comes equipped with Axcess Instant Messaging. Axcess Instant Messaging from Alltel Wireless allows users to chat while they're on the go with AOL(R) Instant Messenger(TM) and Yahoo!(R) Messenger. Alltel customers can use an existing IM account or sign up for a new one. Standard text messaging rates apply.

The AX355 is available from Alltel for $69.99 after a $50 mail-in rebate. This discounted price is available to new customers on two-year service agreements as well as to existing eligible customers on qualifying rate plans.

About LG Electronics, Inc.

LG Electronics, Inc., (KSE: 06657.KS) is the leader in consumer electronics and mobile communications. The company has more than 72,000 employees working in 77 subsidiaries and marketing units around the world. LG Electronics is the world's largest producer of CDMA handsets, optical storage devices, residential air conditioners and home theater system. With total revenue of more than USD 35 billion (consolidated USD 45 billion), LG Electronics is comprised of four business units: Mobile Communications, Digital Appliance, Digital Display and Digital Media. LG Electronics' goal worldwide is to create and enable the intelligent networking of digital products that will make consumers' lives better than ever.

About LG Electronics Mobile Communications Company

LG Electronics Mobile Communications Company is the world's leading manufacturer of WCDMA (UMTS), CDMA. The company provides a total range of wireless solutions, and is rapidly establishing a global presence as it cultivates international market share in 3G handsets. For more information please visit www.lgusa.com.

About Alltel

Alltel is owner and operator of the nation's largest wireless network and has more than 10 million wireless customers.

Alltel, NYSE: AT

www.alltel.com

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