Everybody's Phone Company, Inc. (PINKSHEETS: EVPH), a provider of prepaid telephone services, proudly announces that the Company now offers two federally-funded programs, the Lifeline Assistance ("Lifeline") and Link-Up America ("Link-Up"), to its customers who qualify. Lifeline and Link-Up are part of the Universal Service Fund (USF), which will distribute more than $8 Billion toward helping qualified low income consumers pay for basic telephone service through discounts and subsidies.
Steven H. Bethke, President of Everybody's Phone Company, said, "We are very pleased to begin extending our services to those most in need, and helping every American have access to the basic necessities of modern living. The Federal Government will pay the monthly cost of our qualified consumers' home telephone service direct to Everybody's Phone Company. Everybody's Phone Company will get a quarterly revenue paid by the Federal Government, creating a new, reliable revenue stream."
Lifeline provides discounts to qualified residential subscribers on basic monthly service at the primary residence for qualified telephone subscribers. These discounts can be up to $10.00 per month, and vary from state to state. Link-Up America helps income-eligible consumers initiate telephone service. This program pays one-half (up to a maximum of $30) of the initial installation fee for a traditional, wire line telephone or activation fee for a wireless telephone for a primary residence. It also allows participants to pay the remaining amount they owe on a deferred schedule, interest-free.
Everybody's Phone Company (EVPH) is expanding their services to include pre-paid energy, utility, and internet services. EVPH also plans to buy and consolidate defaulted mortgage loans. Simultaneously, EVPH will be in close contact with those who need their services most through buying defaulted loans. EVPH started out acquiring heavily discounted telephone service from the incumbent local exchange carriers and reselling the services at premium rates on a prepaid basis yielding above average profit margins and mitigating bad debt. Once EVPH achieves critical mass in Texas, it plans to expand its prepaid telecommunications products, utility services and debt buying abilities 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.