August 22, 2006 07:30 ET to File SEC Form 14A and Issue Proxy Relating to the Company's Planned Merger With American Home Market Corporation

DESOTO, TX -- (MARKET WIRE) -- August 22, 2006 --, Inc. (the "Company"), (OTCBB: ETLC),, a financial diversified merchant services company, today announced that the Company will file SEC Form 14A - Preliminary Proxy Statement Relating to Merger or Acquisition (Securities and Exchange Act - Proxy Materials and Information Statements Filed Pursuant to Section 14 Submission Types by EDGAR) by September 6, 2006 for its planned merger with The American Home Market Corporation.

The record date for shareholders is September 12, 2006 and a Meeting of Shareholders will be held on October 12, 2006 at the corporate office at 8 a.m. cst. The effective date of this transaction, pending shareholder approval and SEC acceptance of the Form 14A will be October 12, 2006. Shareholders of record should expect to receive a Proxy Statement with Voting Card by September 12, 2006.

"We are most enthusiastic at the prospects that remain ahead with our planned merger with The American Home Market Corporation," stated Carl Sherman, CEO of

"This merger, pending shareholder and SEC approval, will improve eTelCharge on all fronts including making the company immediately profitable, providing the Company with a seasoned operation's team, and allow for effective and efficient growth. This coupled with our recent agreement with a major billing aggregator should allow us to focus our efforts on marketing our traditional and alternative payment systems nationally and bring the infrastructure necessary to meet our full potential," Sherman concluded.

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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