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ETLC (OTCBB)
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eTelcharge Consummates Agreement for the Processing of Consumer Charges for Utility and County Services in the North Central Texas / Dallas-Fort Worth Area
TUESDAY , JULY 25, 2006 05:03 PM
DESOTO, TX -- (MARKET WIRE) -- 07/25/06 -- eTelcharge.com, Inc. (the "Company") (OTCBB: ETLC),
www.etelcharge.com, a financially diversified merchant services
company, today announced that the Company has reached an agreement
providing payment services to a county in north central Texas near the
Dallas/Fort Worth border.
The agreement will provide consumer online and offline payment services for
county service charges of water utilities to a population of approximately
146,000.
"eTelcharge is achieving great success in providing its traditional
merchant services to municipal and county governments in high growth areas.
This agreement represents our largest governmental client partnership to
date and we will continue to pursue business in this sector with fervor,"
stated Carl Sherman, CEO.
Due to competition in the industry, the company has elected not to disclose
the name of the municipality.
About eTelcharge.com
eTelcharge.com (OTCBB: ETLC) offers the traditional credit card merchant
services, checks and other existing financial infrastructure offered by
banks, as well as the proprietary new online currency that will provide
online shoppers the exclusive choice to charge approved transactions to
their telephone bill. Designed to reduce the risk of identity fraud and
identity theft by providing an Internet credit option for online shoppers
to charge consumer transactions on the Internet, this payment option is a
perfect match for the millions of individuals who do not own a credit card.
eTelcharge.com started as the only company with the ability to charge a
variety of products to the home phone bill. Clearly, past electronic
commerce solutions have not employed effective security and privacy
techniques that adequately address consumer concerns about privacy and
security on the Internet today. The release of the latest version of the
proprietary phone billing option is scheduled to be launched soon. For more
information, go to
http://www.eTelcharge.com.About The American Home Market Corporation
The American Home Market Corporation (AHM) and its subsidiaries are a Fee
Office of Title Texas (formerly Safeco Land Title of Dallas). We have
assembled one of the most experienced commercial and residential closing
teams in the State of Texas, if not the nation. The combined expertise of
our escrow officers, in-house attorney closers, support legal staff and
escrow support staff is unequaled in the business. A strong and widely
diversified repeat customer base (individual, developer, lender, attorney)
is a powerful testimony to our success. We are Certified Closing Agents for
the United States Department of Housing and Urban Development (HUD) and as
such we are the closing agents for any home sold by HUD in 42 counties
throughout the State of Texas. With over $100 million dollars in yearly
revenues, we are strongly committed to providing the finest products and
services available.
This news release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The statements
involve a number of known and unknown risks and uncertainties that may
cause eTelcharge.com, Inc. and actual results or outcomes to be materially
different from those anticipated and discussed herein. These include its
historical lack of profitability, limited working capital, the need for
additional capital, end-use customers' acceptance of new products and
actual demand, the need for eTelcharge.com, Inc. to manage its growth, and
other risks associated.
--------------------------------------------------Contact:
Cynthia DeMonte
DeMonte Associates
718-706-5005
cdemonte@aol.com or
cdemonte@demonte.com
Source: eTelcharge.com, Inc.