January 19, 2007 07:30 ET

eTelcharge Posts Quarterly Letter to Shareholders on Corporate Website CEO Presents Business Six-Point Plan Toward Enhancing Shareholder Value

DESOTO, TX -- (MARKET WIRE) -- January 19, 2007 -- (OTCBB: ETLC), a diversified merchant services company, today announced, as part of its regular reporting process, its posting of the quarterly letter to shareholders on the corporate website ( concerning updates to the recently announced six-point business plan geared to corporate growth and the enhancement of shareholder value.

"As promised, we remain committed to updating our shareholders on a quarterly basis regarding the company's milestones and forward momentum. We fervently believe that this method of addressing our shareholder basis will keep everyone current as we move ahead to fulfill our strategic initiatives," stated Carl Sherman, CEO.

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

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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