EVPH NEWS
Everybody's Phone Company Predicts Projected Revenue Increases to $750,000 for Year 2011
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Press Release Source: Everybody's Phone Company, Inc. On Wednesday December 8, 2010, 9:47 am
HOUSTON, Dec. 8, 2010 (GLOBE NEWSWIRE) -- Everybody's Phone Company, Inc. (Pink Sheets:EVPH - News), Texas' fastest growing provider of prepaid home telephone services, announced today that based on its recent developments and future plans for growth, the Company is reiterating its revenue guidance previously announced in August 2010. Management expects to report annual revenues to be an estimated $ 750,000 for the fiscal year ending December 31, 2011.
Steven H. Bethke, President of Everybody's Phone Company, states, "With an economic recovery underway and sales growth increasing within the consumer prepaid services market, we are confident we can meet our projected revenues of $750,000 by year-end 2011. We are also confident that double-digit top-growth growth in 2012 can lead to profitability thereafter."
About Prepaid Services
The projected home telephone prepaid growth plan is a plan that closely mirrors the pre-paid wireless phone industry. The top wireless telephone industry leaders have seen a huge decline in new multi year contracts in the last three years and growth in prepaid service offerings. According to the Dallas Business Journal, "post-paid" programs aren't attractive to today's typical consumers teenagers, the elderly and business owners are more often relying on a contract-free lifestyle with a penalty-free cancellation policy, pre-paid providers saw over 15% increases in revenues since 2007; many analysts attribute this growth to the billing structure (or lack thereof) and consumer's newfound freedoms to cancel service at any time.
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
Steven H. Bethke, President & CEO
(713) 268-1610
www.everybodysphonecompany.com
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