DESOTO, Texas, Aug. 30, 2004 (PRIMEZONE) -- eTelcharge.com (Pink Sheets:ETLC), announced today that they have signed a commitment to launch its exclusive new online currency for citizens to add their water and wastewater bill to their phone bill. Commercialization is scheduled for early 2005.
The new Internet payment service offered by eTelcharge.com will allow citizens to view, pay and manage their bill online with a simple click of the mouse. "According to consumer research surveys, citizens desire consolidation of utility bills," stated Carl O. Sherman, President & CEO. "We are proud to bring our online payments expertise to the G to P (Government to People) market. eTelcharge is answering the citizens' desire for a true solution addressing not only security, privacy, but also time management with both parents working and the children involved in multiple activities no one has time to drive to city hall and drop off a water bill payment anymore."
eTelcharge.com will offer city government citizens:
The alternative to converge their water bill directly to their phone bill, as well as, pay with the traditional payment options of using a credit card, checking or with personal savings account. You may pay exactly the way you want and eTelcharge will remember multiple payment accounts. This will feature will allow the citizen to pay one month with a check and the next month add the charge to their phone bill. You may decide when and how much to pay. Also, you may even arrange to have payments made automatically each month. A demo of the new eTelcharge pay service will be available to view soon.
About eTelcharge.com
eTelcharge.com, Inc. (Pink Sheets: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.
-0- For further information please contact: Public Relations eTelcharge.com, Inc. 1636 N. Hampton Road, Suite 270 DeSoto, Texas 75115 972-298-3800 publicrelations@etelcharge.com www.etelcharge.com