October 11, 2006 16:35 ET

eTelcharge Will Not Acquire AHM Corporation

Company to Continue Operating as a Stand-Alone Public Company

DESOTO, TX -- (MARKET WIRE) -- October 11, 2006 --, Inc. (the "Company") (OTCBB: ETLC) (, a financial diversified merchant services company, today announced that it has terminated its negotiations to acquire American Home Market.

The Company will instead increase its efforts toward the promotion of its new online store, which will feature signed and independent artists' music available for downloading to users' iPods. has the billing aggregators in place and with the launch of the 2.0 version, users will be able to charge downloads to their telephone bill.

Additionally, the Company will continue to pursue contracts in the government sector which has the potential to bring the company significant business and bottom-line results.

About (OTCBB: 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 will provide online shoppers the exclusive choice to charge approved transactions 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 consumer transactions on the Internet, this payment option is a perfect match for the millions of individuals who do not own a credit card. 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 soon. For more information, go to

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