March 23, 2007 09:00 ET

eTelcharge Reports on Update of the Launch of Version 2.0 -- Phone Billing Payment -- "The New Online Currency" -- Poised to Enter the Billion Dollar Online Music Download Market

New Version in Rapid Deployment as Company Prepares for Launch Date to Be Announced This Month

DESOTO, TX -- (MARKET WIRE) -- March 23, 2007 -- (OTCBB: ETLC) ( ), today announced that it has completed important testing and implementation of the new 2.0 version of the phone billing 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 a safer environment to pay for consumer transactions in Cyberspace. The newest version, which is currently in the rapid deployment stage promises to be more user friendly with enhanced tools that are simple and intuitive.

"With the final stages of the rapid deployment phase coming to completion we are gearing up to an official announcement of the launch plans this month. The 2.0 version is, I believe by far going to be, the easiest to use payment option on the net. The preliminary aligning of interface between our systems and the largest telecom carrier in North America appear to be lining up successfully for our back end processing," stated Carl Sherman, CEO.

"The new version will allow online shoppers the convenience of shopping without giving out any personal financial information; such as credit card numbers or bank account numbers providing a simpler and safer, more secure environment for all consumers. The market has been anticipating the launch of eTelcharge's phone payment option for quite some time and we are eager to offer this unique payment option to the market, indicated Sherman."

About (OTCBB: ETLC) 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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