SOURCE: eTelcharge.com, Inc.

September 22, 2006 07:30 ET

eTelecharge.com, Inc. Announces

DESOTO, TX -- (MARKET WIRE) -- September 22, 2006 -- eTelcharge.com, Inc. (OTCBB: ETLC), a diversified merchant services company, announced today that the press release disseminated yesterday by American Home Market Corporation (AHM), concerning its negotiations with eTelcharge, was released without the consent of eTelcharge. At the present time it is unclear as to whether any transaction between the parties can be consummated. Moreover, AHM has not provided to eTelcharge any audited financial statements for AHM.

About eTelcharge.com

eTelcharge.com (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. 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 soon. 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.

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