HOUSTON, March 25, 2010 (GLOBE NEWSWIRE) -- Everybody's Phone Company, Inc. (Pink Sheets:EVPH), Texas' fastest growing provider of prepaid telephone services, in responding to shareholder inquiries, has decided to issue this comment on the company's stock price.
Steven H. Bethke, President of Everybody's Phone Company, said, "The share price has seen some volatility between the prices .10 and .38 in the last two weeks. The company's business development activities have resulted in a reseller agreement with AT&T. Shareholders can expect similar agreements with other major U.S. carriers. The stated objective of the company is to ramp up the top line revenue to package the company as a takeover target for a larger player."
"The team at Everybody's Phone Company has a top flight management and sales team which is working towards this objective over an 18 month time frame. In the interim, we will continue to build shareholder value by bringing in these new contracts," commented Mr. Bethke, President of Everybody's Phone Company.
Furthermore, Mr. Bethke, said; "The bottom line will grow substantially, making the company profitable within 12 months. These reseller agreements have margins of more than 20% which make them a very attractive proposition for our company. The insiders close to the company are firmly behind our efforts and everyone is holding their shares for maximum return. We feel comfortable in saying that this company will grow to be dominant in our space. There is no reason why the share price should not follow our growth path and move substantially higher. "
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.