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eTelcharge.com Reports on Status of Pending Merger With The American Home Market Corporation
Friday October 7, 6:30 am ET


Merger Progressing With Consummation Expected in Stated Time Frame of November 2005 With Company Outlining Plans to File Form 15c-211 for Re-listing on the Over-The-Counter Bulletin Board


DESOTO, TX--(MARKET WIRE)--Oct 7, 2005 -- eTelcharge.com, Inc. (the "Company"), (Other OTC:ETLC.PK - News), www.etelcharge.com a financial diversified merchant services company, today announced that the pending merger with The American Home Market Corporation, a privately held company that serves as a Certified Closing Agent for the United States Department of Housing and Urban Development generating in excess of $100,000,000 in revenues, is progressing and the previously announced closing time frame of November 2005 remains intact.
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The American Home Market Corporation has completed the certified audit of their financials and eTelcharge.com expects the audit of the Company's financials to be completed no later than October 17th, 2005. The completion of the audits are the final steps in the due diligence process to effectuate the consummation of the transaction.

The Company concurrently reported that upon consummation of the audit filings, it will immediately make request to file Form 15c-211 with the NASD for re-listing on the OTC Bulletin Board.

"The finalization of the audit and the pending merger represent a huge step forward for eTelcharge in reaching an extremely broad audience with a marketing infrastructure in place. Regaining our listing on the Over-The-Counter Bulletin Board as a fully reporting entity, should improve eTelcharge's market presence, while strengthening the strategic long-term plans of its unique alternative payment method," stated Carl Sherman, CEO.

"Additionally, with the addition of David Young, P.E., to the Company as Senior Director of Operations, we are making significant strides towards a product launch to be announced soon. We plan to update our shareholders and registered users in a teleconference in the not too distant future," Sherman concluded.