DESOTO, Texas, April 27, 2005 (PRIMEZONE) -- eTelcharge.com (Pink Sheets:ETLC) www.eTelcharge.com announced today that it has joined with a local branch of Washington Mutual of DeSoto, Texas to sponsor a seminar to promote ways businesses can grow their business. The seminar, scheduled for Thursday, April 28th at 1 pm to 3 pm is geared to business people who are serious about growing their business. "We know that business people and entrepreneurs will walk away from this meeting with valuable insight on how to grow their businesses," stated Lynn Poole, branch manager of the Bank. "It is our belief that we enhance the value of our seminars by teaming up with organizations like eTelcharge.com and non-profit groups such as, Consumer Credit Counselors, which have positive standings in the local market," indicated Ms. Poole. "We believe that Washington Mutual is a bank that is focused on bringing value to the local community; so when we were invited to participate in this seminar we welcomed the occasion," stated Carl O. Sherman, President and CEO of eTelcharge.com, Inc. The event will be held at the DeSoto Civic Center -- Bluebonnet Room at 211 E. Pleasant Run Road in DeSoto, Texas.
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 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 category 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.
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.