HOUSTON, Nov. 29, 2011 (GLOBE NEWSWIRE) -- Everybody's Phone Company (Pink Sheets:EVPH) is proud to announce that they have achieved their first revenues. The company's initial focus on acquiring customers in the 10 -county Houston metropolitan area has proven effective and resulted in the company's first six clients. Although at the present time revenues remain small, these initial clients have proven that the company's sales plan works. They have not yet begun an advertising campaign; it is anticipated that advertising will substantially increase their client base.
The company is currently offering government subsidized services to qualifying customers. People who use other government benefits such as TANF, SNAP and Medicaid also can benefit from the company's federally funded Lifeline Link-Up Program. The program is designed to subsidize the cost of phone service, easing the cost to the consumer while EVPH still achieves maximum profits. The Houston Chronicle recently reported that over 700,000 residents of the 10-county Houston metropolitan area receive some form of government subsidized services. One example cited is that over 1 million Houston area residents have applied for food stamps and added the program since 2007.This figure represents a staggering 12% of the population; an estimated 40% are eligible. These same people could enjoy the benefits of the federally funded Lifeline Link-Up program. (http://www.chron.com/news/houston-texas/article/Food-stamps-hit-record-level-in-Texas-2267580.php)
About Everybody's Phone Company Everybody's Phone Company (EVPH) is expanding their services to include online account monitoring, referral incentive programs, and availability of government programs to increase their bottom line and attract new customer bases across Texas. EPC started out acquiring heavily discounted telephone service from the incumbent local exchange carriers, such as AT&T and Verizon, and reselling the services at premium rates on a prepaid basis yielding above average profit margins and mitigating bad debt. Once EPC achieves critical mass in Texas, it plans to expand its prepaid telecommunications product 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.