DESOTO, Texas, June 6, 2005 (PRIMEZONE) -- eTelcharge.com (Pink Sheets:ETLC), a financial diversified merchant service company, which developed the exclusive online currency to allow online shoppers an option to charge items to their phone bill, today announced that merchants, shareholders and consumer audiences can view the demo of the new eTelcharge shopping cart at www.etelcharge.com. In the coming weeks the company intends to release the awaited 1.1 version of the new online currency.
"We are excited about the advancements we have made over our original launch of the 1.0 version and believe that this demo reflects our ability to listen to the client's concerns," said eTelcharge.com President and CEO Carl O. Sherman. "The demo is designed to illustrate to both the merchant and consumer markets the ease and simplicity of using the newest version."
About eTelcharge.com
eTelcharge.com (Pink Sheets:ETLC) offers the traditional credit card merchant services, checks and other existing financial infrastructure offered by banks, as well as the proprietary new online currency that provides online shoppers the exclusive choice to charge items to their telephone bill. Designed to reduce the risk of identity fraud and identity theft by providing an Internet credit option for online shoppers to charge a number of items sold over the Internet, 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 variety 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 summer 2005. For more information, go to http://www.eTelcharge.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, limited working capital, the need for additional capital, end-use customers' acceptance of new products and actual demand, the need for eTelcharge.com, Inc. to manage its growth, and other risks associated.