HOUSTON, Dec. 6, 2011 (GLOBE NEWSWIRE) -- Everybody's Phone Company (Pink Sheets:EVPH) today announced that the details of a comprehensive affiliate and marketing program designed to increase the distribution channels and establish new payment centers for the Company's prepaid residential telephone services.
Everybody's Phone Company estimates that approximately 30% of all Texans do not have a bank account. This limits a consumer's ability to pay for recurring monthly charges like basic telephone service. In fact, AT&T disconnects about 100,000 customers each month for non-payment in the State of Texas. Everybody's Phone Company plans to partner with retailers to offer its branded and bundled telephone products, in local groceries, convenience stores, pawn shops and cash checking companies in and around Houston, TX. In addition, the Company is deploying an affiliate program that can offer low-income apartment owners and property managers, like those for multiple dwelling units (MDU), the ability to sell its telephone services and act as a payment center.
Norman George, Vice President of Everybody's Phone Company, said, "Our marketing model enables our partners to add a much needed revenue stream without having to incur upfront capital expenses. An example of the potential revenue stream for EVPH that can be achieved if we are billing 10,000 subscribers a month with an average bill of $30.00 paid by a combination of Lifeline government subsidy and subscriber contribution which equals $300,000 per month and then on an annualized run rate $3.6 million dollars or more per year. Our solution is totally turnkey; we help retailers, local businesses and apartment owners create a new profit center. In turn, we offer affordable and convenient basic telephone service, which would otherwise be denied to the credit-disadvantaged. We believe this marketing model can lead to increased revenues and shareholder value in 2012 and beyond." We plan to issue additional marketing plans in the future.
About Everybody's Phone Company
Everybody's Phone Company, sells prepaid, unlimited local (dial tone) telephone service to the residential market, primarily in greater Houston. The Company is fully licensed by the Texas Public Utility Commission to resell telephone services throughout the State. 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.