SOURCE: OTC Report

June 14, 2012 07:30 ET

Everybody's Phone Company (OTC: EVPH) Offers Federally Funded Program to Its Customers Through AT&T (NYSE: T) and Verizon (NYSE: VZ)

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the OTC REPORT

NEW YORK, NY--(Marketwire - Jun 14, 2012) - Everybody's Phone Company, Inc. (PINKSHEETS: EVPH) a seller of prepaid, unlimited local (dial tone) telephone service to residential markets has announced an agreement with AT&T (NYSE: T) and Verizon (NYSE: VZ) to offer the federally funded Lifeline Assistance and Link-Up America to its customers.

Lifeline and Link-Up are part of the Universal Service Fund, which distributed more than $8 Billion in 2010 toward helping qualified low income consumers pay for basic telephone service through discounts and subsidies. The Universal Service fund will pay the monthly cost of EVPH's qualified consumers' basic home telephone service directly to the Company. Everybody's Phone Company will be paid quarterly by the Universal Service Fund, creating a new and reliable revenue stream which is estimated at $2,000,000 for the first 12 months. All telecommunications companies that provide service between states are now required to pay into the fund, this includes companies like AT&T, Verizon and Sprint (NYSE: S).

Recently, Everybody's Phone Company has expanded their services to include online account monitoring, and referral incentive programs, along with government programs to increase their bottom line and attract new customer base. EVPH expects to roll out its product nationwide shortly.

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