DESOTO, Texas, July 7, 2005 (PRIMEZONE) -- eTelcharge.com (Pink Sheets:ETLC), a financial diversified merchant service company, which has developed the exclusive online currency to allow online shoppers an option to charge items to their phone bill, today announced that it has signed a reseller agreement with Anres Technologies Corporation.
"We are excited about the added marketing depth gained through our alliance with Anres Technologies," said eTelcharge.com President and CEO Carl O. Sherman. "This agreement will initially make our merchant services available to new Anres Technologies merchants that distribute the company's pre-paid debit cards."
"We believe that this agreement will offer a unique set of opportunities for our clients looking to gain a competitive advantage over other businesses who only accept credit cards, while at the same time we expect to see them save money relating to the cost of accepting credit cards through eTelcharge," declared Tony Serna President and CEO of Anres Technologies Corporation, a Las Vegas, Nevada-based company.
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 is currently 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 Anres Technologies Corporation
Anres Technologies Corporation is a privately held company, which provides stored value card products among them the PlatinumOneCard(tm), Exclusive One(tm) Card, and the Exclusive One(tm) VISA(r) (the "Cards"). The Corporation has established itself as a provider of financial services for the un-banked consumer base, which enables clients to efficiently buy and sell products at point-of-sale or over the Internet. For more information, go to http://www.anrescards.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.