September 18, 2008 13:06 ET

Etelcharge.com, Inc. Posts Chairman's Letter to Shareholders

Chairman Gives Update

DESOTO, TX--(Marketwire - September 18, 2008) - Etelcharge.com, Inc. (OTCBB: ETLC), announced it posted a "Letter to Our Shareholders" from Chairman and CEO Rob Howe. "I'm answering the questions our shareholders have been asking about several topics. It's important to me to speak directly to our shareholders on a regular basis," said Howe.

The letter is posted on the company's website, www.etelcharge.com.

Etelcharge.com (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.com 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 www.Etelcharge.com.

This 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 actual results or outcomes to be materially different from those anticipated and discussed herein. These include, among others: the inability to complete the acquisition due to failure to obtain U.S. Bankruptcy Court approval or the failure to satisfy other conditions to the completion of the acquisition; the risk that Etelcharge.com will be outbid in connection with the acquisition; the failure to obtain the necessary financing arrangements required in connection with the acquisition and the possible effect on Etelcharge or its shareholders in connection with such financing; the ability to recognize the benefits of the acquisition; the amount of the costs, fees, expenses and charges related to the acquisition and the impact of the substantial liabilities incurred in connection with the acquisition; Etelcharge.com's historical lack of profitability and limited working capital; the need for additional capital; end-user customers' acceptance of and demand for new products; the need for Etelcharge.com to manage its growth; and other risks described in filings with the Securities and Exchange Commission. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Etelcharge.com's website at www.Etelcharge.com. Etelcharge.com makes no commitment to revise or update any forward-looking statements except as otherwise required by law.