March 15, 2007 07:30 ET

eTelcharge Reports on Update of the Launch of Version 2.0 -- Phone Billing Payment Option -- 'The New Online Currency'

New Version as New Brand for Phone Bill

DESOTO, TX -- (MARKET WIRE) -- March 15, 2007 -- (OTCBB: ETLC), a diversified merchant services company, today announced that it has completed the bill fulfillment of implementation for the new version 2.0 Internet payment option to be launched in North America, beginning first in the South West region of the United States. The 2.0 version will provide online shoppers with both an easy to use and understand payment option for transactions in Cyberspace. "While the latest version certainly promises to deliver more technical enhancements and pricing improvements, it is equally important that its consumer billing deliver some measurable enhancements, as is noted with the addition of the company's logo, thus branding eTelcharge with its large billing aggregator," indicated Dawn Mann, President of Break of Day Ad Agency, further adding, "this will assist to provide a solid brand in the market place for eTelcharge ultimately across North America, leveraging our key relationships."

"This new bill is the culmination of a complete cycle representing a key piece of finality before the latest version can be launched. The new phone billing style will provide consumers with an uncomplicated presentation of purchases and charges made using the New Online Currency," stated Carl O. Sherman, CEO, which has been working with a major U.S. billing aggregator mentioned in the Company's SEC filings over the past few years to develop version 2.0.

The Company anticipates an official announcement upon final testing of interface between both systems within the South West region of the United States this month.

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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