HOUSTON, TX--(Marketwired - February 11, 2014) - Everybody's Phone Company, Inc. (PINKSHEETS: EVPH), a provider of prepaid telephone services, today announced that it has initiated its uplist process to the OTCQB by posting its financial audit for the Company's 2011 and 2012 year-ends.
With the completion of the audited financial statements, the Company will file to become fully reporting. The Board of Directors has elected to file a Form 10 registration statement under the Securities Exchange Act, which automatically becomes effective 60 days after the filing with the SEC, at which point the Company will be fully reporting.
The Company's stock has been trading on the OTC Markets under the "Current Information" tier of the OTC Pinks since November of 2008, providing current and adequate financial statements and corporate reports on a quarterly and annual basis.
In late 2013, the Company retained Cutler & Company, CPAs, a certified public accounting firm located in Denver, CO, to perform the 2011 and 2012 audits.
Norman George, President, stated, "For investors, these plans promise more Company transparency. For us, that same transparency will allow us to graduate to higher markets and in this way increase the Company's visibility among the investing public."
About Everybody's Phone Company
Everybody's Phone Company, Inc. sells prepaid, unlimited local (dial tone) telephone service to the residential market, primarily in greater Houston, Texas. The Company is fully licensed by the Texas Public Utility Commission to resell telephone services throughout the State [Service Provider Certificate of Operating Authority (SPCOA) No. 60785]. Once EVPH achieves critical mass in Texas, the Company plans to expand its prepaid telecommunications product offerings 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.