May 08, 2008 06:30 ET

Etelcharge Rated "Stock Pick" by

Larry Oakley, CEO of WSC, Indicates Company Is Undervalued Considering the Unusual Appreciation Potential, Personal Gift Card, Agreement With Cinema Now, Market and Advantages to Merchants

DESOTO, TX--(Marketwire - May 8, 2008) - (OTCBB: ETLC), the new online way to pay™, today announced that Larry Oakley, CEO of (, rated the Company as his "Stock Pick." Please visit for complete details of his rating or the Company's website -- for a link the analysis.

Oakley praised ETLC and its CEO Rob Howe, saying, "Rob has been very busy doing a major restructuring. I consider this a classic turn-around & an undervalued situation." Oakley was impressed with the agreement announced yesterday with Cinema Now -- a top-tiered digital entertainment services company, whose myriad of offerings are now available to Etelcharge members and the industry-first "Electronic Bill-Through-Phone Gift Certificates."

"I especially like all of the key agreements Rob Howe has negotiated. I feel the Company is very undervalued when considering the unusual appreciation potential of this emerging growth situation," Oakley concluded.

The research performed by Oakley presented statistics justifying Etelcharge's entry into the alternative "charge-to-phone" market:

1.  In the U.S., there are approximately 70 million people in 23 million
    households who do not have a major credit card; and,
2.  According to the Harris Organization, about 44 million people in the
    U.S. have had their identity stolen.

Highlighting many of the benefits of the Company's new Version 3.0, Oakley mentioned, among many other features:

--  Members have access to the Personal Gift Card Store allowing them to
    select from premium online merchants as well as send money to friends and
    family in the form of Digital Gift Cards; Gift Certificates and Pre-Paid
    Debit Cards;
--  Members can make payments online using the Etelcharge payment method
    or use the new Etelcharge secured credit card payment (without revealing
    their credit card or personal information to the merchant;
--  Members possess their own Contact Management System allowing them to
    send e-mail messages and personal invitations to join the "community";
--  Members can keep track of online spending & order purchase history.


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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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