April 26, 2007 07:30 ET

eTelcharge Reports on Successful Round of Testing of Version 2.0 of Alternative Payment System and Posts Quarterly Letter to Shareholders on Corporate Website

Launch and Marketing Initiatives Highlighted for Version 2.0 in the Southwest Region of the United States

DESOTO, TX -- (MARKET WIRE) -- April 26, 2007 -- (OTCBB: ETLC) today announced, as part of its consistent reporting process, its posting of the quarterly letter to shareholders on the corporate website ( with regards to the positive launch plans for the Company's version 2.0, dubbed 'The New Online Currency.'

The Company concurrently announced that its I.T. department has performed a highly successful second round of testing confirming the viability of Version 2.0, as the Company prepares for launch with its billing aggregator in the Southwest Region of the U.S.

"We are excited about the recent milestones in product development and remain poised to achieve long-term value for our fellow shareholders in the market place," stated Carl Sherman, CEO.

About (OTCBB: ETLC) ( is a diversified merchant services company that 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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