SOURCE: Everybody's Phone Company

February 16, 2011 08:00 ET

Everybody's Phone Company Extols Transparency and Reveals Plans to Become Fully Reporting by 2011

HOUSTON, TX--(Marketwire - February 16, 2011) - Everybody's Phone Company (PINKSHEETS: EVPH) is proud to announce to both future shareholders and current shareholders alike that the Company will soon complete their first SEC accredited audit. This marks the final step toward becoming a fully reporting company listed with the OTC Pink Sheets. This new level of transparency will ensure shareholders of the continued growing success of EVPH, provide a forum to display current revenues, and provide an accredited platform for future projections. Currently, EVPH is listed on www.pinksheets.com and has submitted multiple quarterly reports, attorney letters, and contract signature pages; now they will add an audit to their listings. An SEC accredited audit will raise the Company's Pink Sheets standing to "Fully Reporting" while increasing transparency for both current and future investors.

President and CEO Steve Bethke states, "For investors, these plans promise more company transparency. For us, the audit will elevate us within our market so we can market ourselves as a public entity to more qualified investor groups and increase our offerings when creating private placement agreements."

About Everybody's Phone Company

Everybody's Phone Company (EVPH) is expanding their services to include pre-paid energy, utility, and internet services. EVPH also plans to buy and consolidate defaulted mortgage loans. Simultaneously, EVPH will be in close contact with those who need their services most through buying defaulted loans. EVPH started out acquiring heavily discounted telephone service from the incumbent local exchange carriers, such as AT&T and Verizon, and reselling the services at premium rates on a prepaid basis yielding above average profit margins and mitigating bad debt. Once EVPH achieves critical mass in Texas, it plans to expand its prepaid telecommunications products, utility services and debt buying abilities nationwide. For more information, visit www.everybodysphonecompany.com.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

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