May 13, 2008 06:30 ET

Etelcharge Version 3.0 to Go Live May 15

Members Can Purchase Digital Gift Certificates and Create Their Own Social Network

DESOTO, TX--(Marketwire - May 13, 2008) - (OTCBB: ETLC), the new online way to pay™, today announced that the Company is launching its Version 3.0 purchasing system with social networking on Thursday, May 15.

Etelcharge CEO Rob Howe stated, "Our members can purchase gift cards starting this Thursday. Our first digital gift card provider, CinemaNow is ready to accept our orders, and we're ready to send them. This is an important day for our company."

Etelcharge has been developing its Version 3.0 since it launched its version 2.0 last September. Included in its new version are the following 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 their "community";
--  Members can keep track of online spending & order purchase history.

"This level of functionality and security is unprecedented in our market space," Howe continued, "as our members will be able to invite their friends, colleagues and family members to join their networks and avail themselves of Etelcharge's unique capabilities."

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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