DESOTO, Texas, Aug. 4, 2005 (PRIMEZONE) -- eTelcharge.com (Pink Sheets:ETLC) www.etelcharge.com, a financial diversified merchant service company, today announced the launch of the Spanish version of its website, as part of its strategic plan prior to the release of the new online phone billing option to reach out to the millions of Spanish-speaking Internet users.
The rapidly expanding Hispanic population now represents the largest minority group in the U.S. While this consumer base controls more than $450 billion in purchasing power, a huge percentage of the Hispanic population do not hold bank accounts. Therefore the online shopping experience is not a viable option for many within this consumer group. With that long-established, the Internet still represents a somewhat closed market to consumers who choose not to use bank or credit cards when making purchases. "By launching this website, eTelcharge hopes to send a clear message that we want the opportunity to serve the needs of the Spanish-speaking market," stated Carl O. Sherman, President and CEO of eTelcharge.com. "Moreover, it is our intent to strengthen our marketing appeal with Spanish-speaking businesses that operate on the Internet," declared, Mr. Sherman.
Online shoppers may access the Spanish version by simply picking their language of choice from the home page at http://www.etelcharge.com by using the language bar located in the upper right corner of the webpage. We invite our Spanish-speaking online visitors to browse our new Spanish version of the website and welcome your comments and suggestions.
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. The phone billing option is 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.
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.