HOUSTON, Aug. 18, 2010 (GLOBE NEWSWIRE) -- Everybody's Phone Company, Inc. (Pink Sheets:EVPH), Texas' fastest growing provider of prepaid telephone services, announced today that it plans to capitalize on the $32 Billion direct-to-consumer branded prepaid card market. Everybody's Phone Company plans to market prepaid calling cards that provide local calling service through its existing agreement with AT&T. EVPH's marketing program is geared toward selling prepaid local calling cards throughout neighborhood groceries and convenience stores, low-income and government-subsidized properties, apartments and Multiple Dwelling Units (MDU), in residential markets in the greater Houston area.
Steven H. Bethke, president of EVPH, said, "Despite a difficult 2009, sales momentum in our industry is showing new promise with the increased uptake of prepaid calling services. In the public sector, consumers are making lower priced purchases at a higher volume through the use of prepaid cards. Prepaid local calling service appeals to a broader number of consumers seeking value-priced offerings without a large financial commitment or need for a credit check. EVPH is expertly positioned to capitalize on this growing consumer trend in the years ahead."
According to a newly published Prepaid Market Sizing Report by The Boston Consulting Group, the public sector will lead branded prepaid card sales growth from $31.7 billion in 2009 to $163 Billion by 2017. Additional growth is anticipated in the corporate sector, primarily for use in payroll services. Worldwide, the branded prepaid cards market was valued at approximately $120 Billion in 2009 and is forecast to quadruple to $440 billion by 2017. By 2017, the United States is projected to hold 53 percent market share, double that of the top six markets combined (India, the UK, Mexico, Italy, the Middle East and Brazil).
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.