DESOTO, Texas, Sept. 14, 2005 (PRIMEZONE) -- eTelcharge.com, Inc. (the "Company") (Pink Sheets:ETLC), www.etelcharge.com, a financial diversified merchant services company, in connection with the pending merger of The American Home Market Corporation, the Company is launching a highly visible investor and public relations program.
"Consumers unable to obtain credit, possess limited credit or seeking an alternative form of payment due to ever-increasing cases of identity fraud, will soon possess an opportunity that empowers them and provides a very viable choice. Ninety-eight percent of Americans have a telephone, which makes it a great alternative billing mechanism," stated Cynthia DeMonte, President of DeMonte Associates, the Company's investor relations firm. The problem of identity theft, online and off, shows no signs of abating. The Federal Trade Commission estimates that 3.2 million citizens are victims of ID theft each year; and every 10 seconds another American is victimized, the study said. Merchant losses from online payment fraud amounted to $2.6 billion in 2004.
"The merger with The American Home Market Corporation only reinforces our belief in eTelcharge's ingenious and revolutionary payment model and commitment to bring this Company to the eyes of the investing public," DeMonte concluded.
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 started as 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.
About The American Home Market Corporation
The American Home Market Corporation (AHM) and its subsidiaries are a Fee Office of Title Texas (Formerly Safeco Land Title of Dallas). We have assembled one of the most experienced commercial and residential closing teams in the State of Texas, if not the nation. The combined expertise of our escrow officers, in-house attorney closers, support legal staff and escrow support staff is unequaled in the business. A strong and widely diversified repeat customer base (individual, developer, lender, and attorney) is a powerful testimony to our success. We are Certified Closing Agents for the United States Department of Housing and Urban Development (HUD) and as such we are the closing agents for any home sold by HUD in 42 counties throughout the State of Texas. With over $100 million dollars in yearly revenues, we are strongly committed to providing the finest products and services available.
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.