October 09, 2007 06:30 ET

Etelcharge Signs Merchant Agreement With CRS Corporation

Transaction Holds Significant Revenue Generating Potential

DESOTO, TX--(Marketwire - October 9, 2007) - (OTCBB: ETLC) (, the new online way to pay™, announced today it has entered into a merchant agreement with CRS Corporation of Pasadena, CA. "This represents a significant revenue growth opportunity for us as those qualifying CRS customers can pay for their CRS services using their Etelcharge memberships," said Rob Howe, Etelcharge Chairman and CEO. "Likewise, Etelcharge members will be able to benefit from the services provided by CRS in seeking to extend their ability to obtain home and auto financing," Howe added. 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.

"For over 10 years, CRS has designed innovative solutions to help consumers who are concerned about identity theft and who are outside the traditional banking world, and we're excited to offer our thousands of consumers access to the Etelcharge program," said Ray Smith, President of CRS. "We see Etelcharge as a way to open new payment methods for our non-traditional customer base, beginning with utilizing the Etelcharge payment system as a way for them to pay for our services." Etelcharge and CRS will also work together to provide innovative programs which leverage Etelcharge's unique payments technology.

Howe went on to say, "CRS provides an alternative way of establishing a reliable credit profile -- something many really need. For example, is a CRS product that measures lease payments, utilities payments, insurance payments and others -- one of which could be their payment reliability record when they pay with Etelcharge. By teaming up with CRS, Etelcharge provides our members with a credit reporting option that's in alignment with the way they live, work and pay their bills."

The two companies agreed that Etelcharge and CRS will work together with CRS's contacts outside the US to implement the Etelcharge payment system technology internationally.

About (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

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, 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, Inc. to manage its growth, and other risks associated.

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