DESOTO, TX -- (MARKET WIRE) -- 10/18/07 -- Etelcharge.com (OTCBB: ETLC) (www.etelcharge.com), the new online way to pay(TM), announced today it has signed a Letter of Intent with enStage, of Cupertino, CA (www.enStage.com), to launch a program whereby an Etelcharge member can join a digital service providing them with a "digital prepaid card" that can be used to purchase from any online merchant accepting Visa or MasterCard anywhere in the world.
This Letter of Intent represents Etelcharge's entry into an $8 billion industry that is growing exponentially.
"Providing this digital service could quickly result in millions in revenue for both companies," said Rob Howe, Chairman and CEO of Etelcharge. "Etelcharge members will gain immediate access to every online merchant in the Visa and Master Card network when they join this highly advanced digital service. Upon the launch of this service, our members will possess the ability to shop at merchants like Amazon, Buy.com, NetFlix, Kodak, immediately. This is a huge and exciting breakthrough with enormous potential."
"enStage enables companies to reach large consumer segments that were served in the past by cash, checks, vouchers, or some other 'pay before' mechanism," said Govind Setlur, CEO of enStage. "We see Etelcharge as the perfect partner to develop this service with us."
"enStage is an international company with extensive experience delivering banking systems and payment products to financial institutions and corporations. They are the perfect technology complement for us," Howe added. "They have the experience, the contacts and the technology to offer this exciting opportunity to our members. This is the type of persistent, long-term value Etelcharge is bringing to our members with our Web 2.0 framework and represents just the tip of the iceberg of the number of offerings Etelcharge is planning," he concluded.
About Etelcharge.com
Etelcharge.com (OTCBB: ETLC), the first Web 2.0 online payment system, provides online shoppers the ability to charge approved transactions to their telephone bill. While addressing the concerns online shoppers have about identity fraud and identity theft, the Etelcharge payment option is also a perfect match for the millions of individuals without a credit card, or even a bank account. For more information, go to www.etelcharge.com.
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.
Rob Howe, CEO of eTelcharge.com, to Deliver Presentation on the First Web 2.0 Payment Application at Wall Street Reporter Small-Cap Discovery Conference in New York City Friday October 19, 1:07 pm ET
NEW YORK, Oct. 19, 2007 (PRIME NEWSWIRE) -- Rob Howe, CEO of eTelcharge.com (OTC BB:ETLC.OB - News), will present at Wall Street Reporter's Small-Cap Discovery Conference, which will be held on October 24th at the Harvard Club of New York City The Small Cap Discovery Conference is an ongoing program series hosted by Wall Street Reporter Magazine which features presentations by CEOs of public companies to an audience of over one hundred investors, analysts and fund managers.
``I am very enthusiastic about the prospect of bringing eTelcharge's 'new online way to pay' to the investment community, especially after a successful product launch and our ongoing signing of merchant agreements,'' states Mr. Howe, ``providing consumers the ability to charge purchases to their home bill through our payment services provider, AT&T, targets two huge markets - internet fraud, and a huge group of consumers who have been denied credit.''
Mr. Howe will discuss the strong investment provocation of eTelcharge's ``new online way to pay,'' holds for investors, and its benefits to consumers nationwide.
Wall Street Reporter (Est. 1843) is the premier source of investment information on global small-cap public companies in high-growth sectors. Through their magazines, special reports, website and conferences, WSR presents unique opportunities for discovering stocks before they appear on the radar of Wall Street and has become a ``must attend'' and ``must read'' for a ``who's who'' of the investment community.
Registration information for the conference, which is sponsored by vFinance, Knobias, Yorkville Advisors, and Marks Value Partners, can be found at http://www.******************.com/sdc or by calling 212-363-2600.
About eTelcharge.com
eTelcharge.com is the first Web 2.0 payment application. The company's technology is robust and scalable, allowing for many other applications in alternative payment solutions, which is an industry that is growing exponentially.
Posts: 111 | From: nyc | Registered: Aug 2007
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Etelcharge Announces Expansion of enStage Development Agreement to Include Mobile Phone Payments Technology to Enable Etelcharge's New Online Way to Pay(TM) to Tap $725 Billion Mobile Phone Market Etelcharge.com (OTCBB: ETLC) (www.etelcharge.com) today announced that it has expanded the scope of its development agreement with enStage to include the ability to make online purchases and bill them to a mobile phone. This will enable Etelcharge members to charge their online purchases to their cellular or mobile phone using the recently announced digital Visa/Mastercard.
"There are 2.7 billion mobile phones in active use. That's a $725 billion annual market. We have expansion plans to move into the mobile space very quickly, and this expansion of our development agreement with enStage will make that happen even faster," stated Rob Howe, Chairman and CEO of Etelcharge. "This new technology will complement the expansion of our landline program, and allow us to break into mobile payments both in and outside the US quickly."
"The world of online payments is destabilized, which creates an enormous opportunity for us. In a world where you can pay a parking meter with your mobile phone, great opportunity exists. Etelcharge will offer online payment programs wherever and by whatever means consumers want to make them. This is especially true of the consumer on which we are focused -- the unbanked or marginally banked consumer, and the consumer who is greatly concerned about exposing their identity online. Working with enStage, and being able to tap into their mature development resources in the mobile payments arena, is an enormous benefit for us."
"This expansion of the scope of our agreement makes perfect sense," said Govind Setlur, CEO of enStage. "Our experience in this arena will enable Etelcharge to move faster into mobile payments. Mobile payments and mobile payment security have been a major focus area for us even outside the US -- as we develop and deploy critical m-commerce infrastructure and innovative payment solutions."
About Etelcharge.com
Etelcharge.com (OTCBB: ETLC), the first Web 2.0 online payment system, provides online shoppers the ability to charge approved transactions to their telephone bill. While addressing the concerns online shoppers have about identity fraud and identity theft, the Etelcharge payment option is also a perfect match for the millions of individuals without a credit card, or even a bank account. For more information, go to www.etelcharge.com.
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.
Etelcharge Reports on Implementation Schedule With CRS Thursday November 1, 6:30 am ET
Service to Members Expected to Be Online and Available Within Six Week Timeframe
DESOTO, TX--(MARKET WIRE)--Nov 1, 2007 -- Etelcharge.com (OTC BB:ETLC.OB - News), the new online way to pay(TM), today announced that pursuant to its recently announced agreement with Pasadena, California-based CRS Corporation, full online deployment is expected within the next six weeks. ADVERTISEMENT
Etelcharge members will be able to subscribe to CRS services such as ReportMyBills.com and others. CRS data is accepted by such lenders as Wells Fargo Home Mortgage, Chase Home Finance, GMAC RFC, CitiMortgage, Wachovia Corp., US Bancorp and other FHA lenders.
James T. (Toby) Wilson, Chief Technology Officer, stated, "We have completed the development of this service in record time and are most enthusiastic at the prospect of its launch to a large and growing base of members. Having served in many capacities at the helm of breaking technologies that impacted a variety of industries, it is my contention that the CRS/Etelcharge service will impact an audience and an industry that is growing exponentially."
"This is a major step forward for us. Etelcharge provides services that our nearly 100,000 members can really use. Our implementation roadmap with Etelcharge is solid. We'll be processing transactions and flowing revenue quickly," stated Ray Smith, President of CRS.
About Etelcharge.com
Etelcharge.com (OTC BB:ETLC.OB - News), the first Web 2.0 online payment system, provides online shoppers the ability to charge approved transactions to their telephone bill. While addressing the concerns online shoppers have about identity fraud and identity theft, the Etelcharge payment option is also a perfect match for the millions of individuals without a credit card, or even a bank account. For more information, go to www.etelcharge.com.
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.
Etelcharge Enters Payment Services Agreement With Elite Force Thursday November 8, 6:30 am ET
Company Enters Consumer Electronics Installation and Support Industry With Nationally Expanding Leader and Meets With Senior Management as Netflix, Real Networks, CinemaNow, UniVision and Movielink
DESOTO, TX--(MARKET WIRE)--Nov 8, 2007 -- Etelcharge.com, Inc. (OTC BB:ETLC.OB - News), the new online way to pay(TM), today announced that the Company has signed an agreement with Elite Force, of Falls Church, VA, the successor to Tech Force One and one of the top independent providers in the multi-billion dollar PC and consumer electronics installation and support industry. ADVERTISEMENT
John Todd, Senior Vice President of Business Development, stated, "I am pleased to report that Etelcharge has signed a payment services agreement with one of the country's top electronics installation and PC repair companies. Elite Force, with 200 locations today and expanding to 1,000 locations in 2008, is similar to Fire Dog and Geek Squad, in that they install high-end multimedia systems and networks in homes, as well as providing the full array of support services for consumer electronics and PCs. Etelcharge members will be able to pay for Elite Force services using their Etelcharge membership. We expect this program to come online for our members in early 2008."
John Todd concurrently announced that during his recent trip to California attending the Digital Hollywood Show, he engaged in substantive talks with a select group of elite players in the digital music and movie downloads space including Netflix, Real Networks (Rhapsody), CinemaNow, UniVision, and Movielink.
"I was able to successfully establish the huge importance of our target customer to their continued growth. Reinforcing to the executive management teams of these companies that Etelcharge not only brings a unique and enticing Web 2.0 payment system but also brings a whole new set of new customers, that is growing by the day, who will be spending new money with them that they are not getting today. The impact to their bottom line garnered exceptional levels of interest," Todd concluded.
About Etelcharge.com
Etelcharge.com (OTC BB:ETLC.OB - News), the first Web 2.0 online payment system, provides online shoppers the ability to charge approved transactions to their telephone bill. While addressing the concerns online shoppers have about identity fraud and identity theft, the Etelcharge payment option is also a perfect match for the millions of individuals without a credit card, or even a bank account. For more information, go to www.etelcharge.com.
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.
posted
This Company is ramping up, they are on track for their Biz plan and the new acquisition, if it comes through, will make a nice chunk of change for the day traders...
The CEO is strong and doesnt seem to blow smoke up our skirts..
Been in and out of this from .02-.045 a couple of times.
It is dipping again so I should be able to buy a ton more by Tuesday or Wednesday....
-------------------- I don't need no stinking Broker to loose my money. Posts: 37 | From: NY | Registered: Sep 2007
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Change in Directors or Principal Officers, Other Events
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On July 24, 2008, the Board of Directors (the "Board") of Etelcharge.com (the "Company") made a bonus determination with respect to Robert M. Howe III, the Company's President and CEO, for his performance over the past year since he was appointed to such positions. In recognition of Mr. Howe's leadership and achievement over the past year, the Board approved (i) a cash bonus award of $150,000, payable in six equal monthly installments of $25,000 beginning on August 15, 2008, and (ii) an award of ten million (10,000,000) shares of the Company's common stock (the "Stock Award"). The Stock Award is to be made pursuant to the Company's 2008 Equity Incentive Plan (the "2008 Plan"), and is subject to (1) stockholder approval of the 2008 Plan, (2) execution of a stock award agreement between the Company and Mr. Howe, and (3) the registration on Form S-8 of the shares reserved for issuance under the 2008 Plan.
Item 8.01 Other Events. The Company intends to hold an Annual Meeting of Stockholders ("Annual Meeting") on September 16, 2008 for the following purposes:
1. To elect three directors to hold office until their successors are elected and qualified;
2. To approve a Certificate of Amendment to the Company's Articles of Incorporation increasing the number of the Company's authorized shares of common stock from 400,000,000 to 5,000,000,000;
3. To approve the Company's 2008 Equity Incentive Plan;
4. To ratify the selection of Whitley Penn LLP as the independent registered public accounting firm of the Company for its fiscal year ending December 31, 2008;
5. To approve an amendment to the Company's Bylaws permitting the Company's Board of Directors to make certain amendments to the Bylaws that were previously only permitted to be made by the Company's stockholders; and
6. To conduct any other business properly brought before the meeting.
The deadline for stockholder proposals to be included in our proxy statement for our 2008 Annual Meeting, if eligible to be so included, is August 9, 2008. The deadline for proposals not intended to be included in our proxy statement for our 2008 Annual Meeting, but intended to be considered at that meeting, is August 25, 2008, which is not less than ten days after the anticipated mailing of our notice of the date of our 2008 Annual Meeting. If we do not receive a stockholder proposal by this second deadline, the proposal will be excluded from consideration at the 2008 Annual Meeting. This advance notice requirement supersedes the notice period in SEC Rule 14a-4(c)(1) of the federal proxy rules regarding the discretionary proxy voting authority with respect to such stockholder business. Stockholder proposals should be delivered to the Company at the Company's principal executive offices at 1636 N. Hampton Road, Suite 270, DeSoto, Texas 75115, Attention: President.
Posts: 37 | From: NY | Registered: Sep 2007
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