DESOTO, Texas, Aug. 4, 2004 (PRIMEZONE) -- eTelcharge.com (Pink Sheets:ETLC) announced today that former President of CompUSA PC, Rob Howe has joined its advisory board. "Rob Howe has created an outstanding legacy of implementing and executing effective growth strategies in public companies involving the use of e-commerce," said President & CEO, Carl O. Sherman. "Rob's rare combination of direct experience in developing and overseeing large-scale sales and marketing enterprises over the last 20 years, and, most importantly, his passion for creating corporate value will be extremely beneficial to eTelcharge.com," said Sherman.
"I have followed with great interest the growth and direction of eTelcharge.com being led by Carl Sherman and his management team," said Howe. "My extensive discussions with Carl about eTelcharge.com lead me to believe that eTelcharge.com is positioned to take advantage of a unique market opportunity not unlike the beginning of e-commerce over the Internet. In many ways, the opportunity to provide huge numbers of small, secure cash transactions without exposing consumers to the potential of identity theft, is as important as being able to complete a transaction was in the beginning of e-commerce. It's not that often in business that we see the simultaneous confluence of a vision like Carl Sherman's, capabilities like those eTelcharge.com has developed and implemented, and an enormous market opportunity like secure electronic transactions providing identity theft avoidance. It's a testament to Carl's leadership that he is assembling a board of advisors made up of people who've been through hyper-growth before as he takes eTelcharge.com forward," Howe said.
"The addition of experienced, successful business leaders like Rob Howe to our board of advisors is yet another positive step for our company," said Sherman. "Having this informal board of distinguished, high-caliber, highly experienced business leaders, provides our company in general and myself in particular with a significant reservoir of business acumen for our vision and strategy implementation," he said. Rob Howe is President & CEO of Howe Consulting, Inc., and he teaches leadership, writing and speech at Trinity Christian School in Cedar Hill, TX. Howe is a former Senior Vice President of North America for the Dell Computer Corporation.
About eTelcharge.com
eTelcharge.com, Inc. (ETLC) offers multiple payment options on the Internet to date. The Company offers the traditional credit card merchant services along with the exclusive new online currency -- eTelcharge. Designed to reduce the risk of credit card fraud and identity theft by providing an Internet credit option for online shoppers to charge items sold over the Internet to their telephone bill. This payment option is a perfect match for the 70 million Americans who do not own a credit card. eTelcharge.com is currently the only company with the ability to charge a category 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 in late December 2004. Prior to the release of the latest version of The New Online Currency or phone billing payment option service will not be available to merchants until the new version is complete. eTelcharge offers the traditional credit card merchant services, checks and other existing financial infrastructure of banks along with the exclusive new online currency -- providing online shoppers the choice to charge items to their telephone bill. For more information, go to http://www.eTelcharge.com.com.
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, the need for additional capital, end-use customers' acceptance of new products and actual demand, which may differ significantly from expectance of new products and actual demand, which may differ significantly from expectations, the need for eTelcharge.com, Inc. to manage its growth, and other risks associated.
For further information please contact: Wendy Hodges-Kent, Business Development Analyst eTelcharge.com, Inc. 1636 N. Hampton Road, Suite 270 DeSoto, Texas 75115 972-298-3800 wkent@etelcharge.com www.etelcharge.com