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Everybody's Phone Company Reiterates Revenue Guidance of $500,000 for Year 2011
HOUSTON, Aug 20, 2010 /PRNewswire via COMTEX/ -- Everybody's Phone Company, Inc. (Pink Sheets: EVPH), Texas' fastest growing provider of prepaid 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 June 2010. Management expects to report annual revenues to be an estimated $500,000 for the fiscal year ending December 31, 2011. "With an economic recovery underway and sales growth increasing within the consumer prepaid services market, we are confident we can meet our targeted guidance for $500,000 in revenues at year-end 2011. We believe we are on track to generate total revenues of approximately $100,000 for 2010, and that double-digit top-growth growth in 2011 can lead to a turnaround to profitability shortly thereafter," said Steven H. Bethke, president of Everybody's Phone Company.
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: Steven H. Bethke President & CEO Everybody's Phone Company Tel: (713) 268-1610 www.everybodysphonecompany.com
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