HOUSTON, Dec. 14, 2010 (GLOBE NEWSWIRE) -- Everybody's Phone Company (Pink Sheets:EVPH), has announced a new strategy which may push revenues over the $20 million mark. The new plans are structured from other major phone and utility providers who have recently made it their missions to acquire pre-paid services to offer to their customers as a method of servicing the large amount of Americans who are now considered "credit-disadvantaged." The current business plans entail gross revenues of $1.5 Million the first year and gross revenues increasing above $20 Million in five years; with net profits of about $4 Million total. Not many other companies have adopted the strategy of bundling many different types of pre-paid services and Everybody's Phone Company plans to be one of the first in Texas before expanding nationwide.
CEO Steve Bethke stated, "Acquiring companies like ourselves who strive to help the credit-disadvantaged consumer with flexible, flat rate service plans can help us to raise the capital we need to expand to other states, advertise heavily and improve our current service packages. Services like pre-paid energy for homes, pre-paid internet and pre-paid long distance coverage are helping many companies improve their bottom line and we believe the same could be achieved for Everybody's Phone Company. Our goal within the next year is to become a 'Pre-Paid Service Depot' where people who live a primarily 'cash-only' lifestyle may find contract free services for low prices from one provider."
Major companies such as AT&T, Discover, and Visa have all delved into the pre-paid markets as a way to respond to the over-saturation of "post-paid" operations. In the present economy many people are scared of contracts, done with fees, and want the option to switch providers with a "no-strings-attached" approach; pre-paid services assuage most consumer fears of making next month's payments while ramping up the provider's bottom line.
About Everybody's Phone Company
Everybody's Phone Company (EVPH) acquires heavily discounted telephone service from the incumbent local exchange carriers, such as AT&T and Verizon, and resells the service at premium rates on a prepaid basis yielding above average profit margins and mitigating bad debt. Everybody's Phone Company has obtained regulatory approval to sell and provide local telephone service in the State of Texas [Service Provider Certificate of Operating Authority (SPCOA) No. 60785]. Once EVPH achieves critical mass in Texas, the Company plans to expand its prepaid telecommunications product offerings nationwide. For more information, visit www.everybodysphonecompany.com.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.