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Author Topic: GOLDEN CROSS FORMING !!!! ETLC
bmarley5780
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Yesterdays news....

eTelcharge.com Announces Signed Letter of Intent to Merge with The American Home Market Corporation
Aug 31, 2005 6:30:00 AM
2005 PrimeZone Media Network
DESOTO, Texas, Aug. 31, 2005 (PRIMEZONE) -- eTelcharge.com, Inc., (the "Company") (Pink Sheets:ETLC) www.etelcharge.com, a financial diversified merchant service company, is pleased to announce that the Company has signed a Letter of Intent ("LOI") to merge eTelcharge.com with The American Home Market Corporation ("AHM"), a privately held company with over $100 million in annual revenues. With the closing of the merger, Ray Jackson, President and CEO of AHM, is slated to become the new Chairman of the Board of Directors of eTelcharge.com. The closing of this transaction is anticipated to be on or before November 1, 2005. The Letter of Intent sets forth certain conditions including the completion of due diligence by both parties and the signing of a definitive agreement.

"This significant transaction will result in a company that is at the forefront of the eCommerce industry -- with a stronger presence into integrating our financial services in the home of the consumers we are seeking," said Carl O. Sherman, President and CEO of eTelcharge.com, Inc., "As a result of the combination, eTelcharge is better positioned to launch any of our innovative payment options with an instant base to test the market." American Home Market serves as the closing agents for any home sold by HUD in 42 counties throughout the State of Texas. "The acquisition of AHM represents a momentous opportunity for us to increase our registered users and we are very blessed to have them join forces with eTelcharge.com, Inc. The synergy between eTelcharge.com and AHM's client base notably improves our ability to reach a much broader demographic for our product lines, including a new eTelcharge pre-paid credit card," Mr. Sherman concluded.

Ray Jackson, President and CEO of AHM Corporation stated, "It was a very clear-cut decision to merge our companies that came down to the solid vision of eTelcharge. We have a great business model that operates in areas of the traditional closing of home mortgages for HUD and we are poised for continued significant long-term growth. Nevertheless, we felt that eTelcharge was in an excellent position to align with our business and capitalize on a huge challenge in the market -- identity theft. Can you imagine the possible scenarios like after a customer closes on their new home we send them a new eTelcharge pre-paid credit card. In addition, eTelcharge.com's intense focus on being the preferred payment vehicle of choice for households across the U.S. This will also introduce us to markets in which we have not participated."

More details concerning the terms of the Letter of Intent will be forthcoming in the coming days.

About eTelcharge.com

eTelcharge.com (Pink Sheets:ETLC) offers the traditional credit card merchant services, checks and other existing financial infrastructure offered by banks, as well as the proprietary new online currency that provides online shoppers the exclusive choice to charge items to their telephone bill. Designed to reduce the risk of identity fraud and identity theft by providing an Internet credit option for online shoppers to charge a number of items sold over the Internet. This payment option is a perfect match for the 70 million Americans who do not own a credit card. eTelcharge.com started as the only company with the ability to charge a variety of products to the home phone bill. Clearly, past electronic commerce solutions have not employed effective security and privacy techniques that adequately address consumer concerns about privacy and security on the Internet today. The release of the latest version of the proprietary phone billing option is scheduled to be launched summer 2005. For more information, go to http://www.eTelcharge.com.

About The American Home Market Corporation

The American Home Market Corporation (AHM) and its subsidiaries are a Fee Office of Title Texas (Formerly Safeco Land Title of Dallas). We have assembled one of the most experienced commercial and residential closing teams in the State of Texas, if not the nation. The combined expertise of our escrow officers, in-house attorney closers, support legal staff and escrow support staff is unequaled in the business. A strong and widely diversified repeat customer base (individual, developer, lender, attorney) is a powerful testimony to our success. We are Certified Closing Agents for the United States Department of Housing and Urban Development (HUD) and as such we are the closing agents for any home sold by HUD in 42 counties throughout the State of Texas. With over $100,000.00 million dollars in yearly revenues, we are strongly committed to providing the finest products and services available.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements involve a number of known and unknown risks and uncertainties that may cause eTelcharge.com, Inc. and actual results or outcomes to be materially different from those anticipated and discussed herein. These include its historical lack of profitability, limited working capital, the need for additional capital, end-use customers' acceptance of new products and actual demand, the need for eTelcharge.com, Inc. to manage its growth, and other risks associated.

CONTACT:
Dawn Mann
Public Relations
Break of Day Advertising
214-455-5670


TODAYS.....  -

eTelcharge.com Announces Pending Merger With The American Home Market Corporation, Reports the IOCircuit
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IOCircuit.
Sep 1, 2005 8:03:00 AM
LAKE HARMONY, PA -- (MARKET WIRE) -- 09/01/05 -- The IOCircuit recommends eTelcharge.com, Inc. (the "Company"), (OTC: ETLC), www.eTelcharge.com, a financial diversified merchant service company, which announced that the Company has signed a Letter of Intent ("LOI") to merge eTelcharge.com with The American Home Market Corporation ("AHM"), a privately held company with over $100 million in annual revenues. With the closing of the merger, Ray Jackson, President and CEO of AHM, is slated to become the new Chairman of the Board of Directors of eTelcharge.com. The closing of this transaction is anticipated to be on or before November 1, 2005. The Letter of Intent sets forth certain conditions including the completion of due diligence by both parties and the signing of a definitive agreement.


CHART

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GOLDEN CROSS DEFINED---


http://www.investopedia.com/terms/g/goldencross.asp

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cweston
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Check out this news
eTelcharge.com and American Home Market Corporation Announce Structure of Planned Merger
Wednesday September 7, 7:30 am ET


DESOTO, Texas, Sept. 7, 2005 (PRIMEZONE) -- eTelcharge.com, Inc., (the ``Company'') (Other OTC:ETLC.PK - News) http://www.etelcharge.com, a financial diversified merchant services company, and The American Home Market Corporation (AHM), a privately held company that serves as a Certified Closing Agent for the United States Department of Housing and Urban Development today announced an outline of the merger expected to close in November, 2005 pending due diligence.
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Both companies expect significant mutual benefits through customer optimizations. Upon successful completion of the merger and as the common ownership of the two companies is realized, eTelcharge.com will offer American Home's growing client base the ability to establish a viable online payment alternative system for the working class and those concerned with internet transaction fraud.

``The innovative and revolutionary qualities of the soon to be released 1.1 version of the phone billing option by eTelcharge, we contend, will readily demonstrate that it was worth the market's wait for its release,'' stated Ray Jackson, President and CEO of AHM Corporation. As previously announced, Mr. Jackson would become Chairman of the Board for the newly merged company.

The main elements of the Letter of Intent include:


-- The newly merged company would do business as eTelcharge.com, Inc.

-- eTelcharge.com, Inc. will continue operations as a publicly
traded corporation.

-- AHM shareholders would receive an issuance 152 million shares of
restricted common stock. With a two-year restriction on the
stock, AHM intends to hold the stock.

-- AHM would infuse $3 million in capital to assist in launching an
effective advertising and marketing campaign for eTelcharge.com's
new online currency

Other material terms of the LOI are as follows:

-- Former shareholders of AHM would have the right to appoint four
directors to the Board of the new eTelcharge.com, Inc.

-- Former board members of eTelcharge.com may continue to serve on
the new board representing three members.

``Over the next few weeks our companies will continue to move forward in the direction of completing this planned merger,'' stated Carl Sherman, President and CEO of eTelcharge.com, Inc. ``This merger should provide eTelcharge with the financial strength and built-in customer base to capitalize on the market opportunities to be had for the company that brings a simple, yet viable solution to identity fraud -- the fastest growing crime of the 21st Century,'' expressed Mr. Sherman.

eTelcharge.com's 1.1 version of the phone billing option will focus on two-primary markets -- Baby boomers and the Hispanic market. ``Both markets have been underserved on the Internet and I believe that the market will be attracted to the ease and secure benefits offered by this innovative, but conventional way to buy online,'' asserted Mr. Jackson.

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cweston
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Additional news looks very promising


COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

eTelcharge.com Initiates Investor and Public Awareness Program to Spearhead Recognition of eTelcharge Unique Alternative Payment Facility


Company's Pending Merger with American Home Market Corporation Spurs Increasing Attention from Media and Investment Community

DESOTO, Texas, Sept. 14, 2005, Sep 14, 2005 (PRIMEZONE via COMTEX) -- eTelcharge.com, Inc. (the "Company") (Pink Sheets:ETLC), www.etelcharge.com, a financial diversified merchant services company, in connection with the pending merger of The American Home Market Corporation, the Company is launching a highly visible investor and public relations program.
"Consumers unable to obtain credit, possess limited credit or seeking an alternative form of payment due to ever-increasing cases of identity fraud, will soon possess an opportunity that empowers them and provides a very viable choice. Ninety-eight percent of Americans have a telephone, which makes it a great alternative billing mechanism," stated Cynthia DeMonte, President of DeMonte Associates, the Company's investor relations firm. The problem of identity theft, online and off, shows no signs of abating. The Federal Trade Commission estimates that 3.2 million citizens are victims of ID theft each year; and every 10 seconds another American is victimized, the study said. Merchant losses from online payment fraud amounted to $2.6 billion in 2004.

"The merger with The American Home Market Corporation only reinforces our belief in eTelcharge's ingenious and revolutionary payment model and commitment to bring this Company to the eyes of the investing public," DeMonte concluded.

About eTelcharge.com

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microcapelite
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You got it backwards .... the fast MA is crossing below the slow MA.
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cweston
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I just attached news to an already existing thread.
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cweston
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Thanks for clarifying!! Maybe new discussion should be started under new thread.
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tarq3
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definetly lOOk like a golden cross here
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