Everybody's Phone Company Enters Negotiations With Huge Long-Distance Provider
Successful Negotiations Will Ensure More Service Packages and Higher Potential Profits
Dec. 7, 2010 (GlobeNewswire) --
HOUSTON, Dec. 7, 2010 (GLOBE NEWSWIRE) -- Everybody's Phone Company, Inc. (Pink Sheets:EVPH), Texas' fastest growing provider of prepaid home telephone services, announced today that it has started negotiating with a major long distance service provider to expand their pre-paid services for consumers.
Steven H. Bethke, President, states," We are very enthusiastic about this new opportunity; as a result of negotiations with this major long distance service provider, and upon the completion of successful negotiations, Everybody's Phone Company will be able to offer bundled long distance services to our pre-paid subscribers anywhere our pre-paid services are currently available." Bethke also added, "After negotiations we should have the means to introduce new, improved service packages to our ever-expanding customer base, including those customers in the planned zones of expansion past Texas in other states nationwide. Adding pre-paid long distance services to our current plans has a huge benefit for the company as well, these improved packages have the potential to rapidly grow our annual revenues and increase profits."
EVPH has done extensive research and found that $150 Billion per year in the U.S. is spent on residential and business communications. During their research EVPH also found that 1/3 of the population do not have bank accounts and rely fully on check cashing locations to manage money. EVPH offers prepaid convenience billing, month-to-month coverage and up-front payments which ensure that the consumer is in control of how much they spend and how long they use the services. Despite the overwhelming success of cell-phones, people still need the accessible, low cost, low maintenance options of land lines for their businesses and/or residential communications needs. EVPH has researched and found that their target consumer accounts for nearly 30% of the Texas population; the number of targeted consumers grows in other states due to high unemployment rates, bad credit nationwide and growing consumer desire for contract-free billing options. Basic communications such as local telephone service and 911 emergency accesses are lifelines to many people, such as at risk groups like the elderly. EVPH is different from monopoly competitors by providing value, flexibility and peace of mind for their customers; it is this unique structure which positions them for success in the near future.
About Everybody's Phone Company
Everybody's Phone Company (EVPH) acquires heavily discounted telephone service from the incumbent local exchange carriers, such as AT&T and Verizon, and resells the service at premium rates on a prepaid basis yielding above average profit margins and mitigating bad debt. Everybody's Phone Company has obtained regulatory approval to sell and provide local telephone service in the State of Texas [Service Provider Certificate of Operating Authority (SPCOA) No. 60785]. 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.
CONTACT: Everybody's Phone Company, Inc.
Steven H. Bethke, President & CEO
(713) 268-1610
www.everybodysphonecompany.com
Source: Globe Newswire (December 7, 2010 - 1:58 PM EST)
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