On March 22, 2013, Stratford Capital Partners, L.P. (Stratford) and Retail & Restaurant Growth Capital, L.P. (RRGC) announced that they had delivered the requisite number of written consents from the stockholders representing more than two-thirds of Teletouch Communications, Inc. outstanding common stock to remove Clifford E. McFarland, Henry Y. L. Toh, Marshall G. Webb, Terry K. Dorsey, and Ronald L. Latta from the Board of Directors and to elect Stratford/RRGC nominees Joseph L. Harberg, Raymond C. Hemmig, Scott M. Kleberg, David W. Knickel, and Charles Daniel Yost to fill the resulting vacancies. In addition, Stratford and RRGC have requested that the Company take all action to ensure prompt compliance with the applicable notice requirements to non-consenting stockholders under Section 228(e) of the Delaware General Corporation Law.