SOURCE: Everybody's Phone Company, Inc.
HOUSTON, TX--(Marketwired - July 22, 2013) - Everybody's Phone Company, (PINKSHEETS: EVPH), a leader in the prepaid telecommunications industry, today announced that it has completed a significant corporate restructuring, thereby allowing the Company to have easier access to investment capital in 2013.
On June 6, 2013, the Company's Board of Directors unanimously voted to initiate a 1,000 to 1 reverse split of its outstanding common shares.
Everybody's Phone Company is planning to increase its sales and marketing in the Houston Metropolitan area and in the future to expand its sales and marketing effort to other geographical areas of Texas. The Company is seeking investment capital in order to expand its sales and marketing in 2013 and future years.
The Company completed all required filings for the restructuring in the state of Texas on June 26, 2013 including its Certificate of Amendment. The Company received its new corporate CUSIP number on June 27, 2013 and received final approval and authorization of the reverse split from FINRA on July 11, 2013. The new listing appeared on the market open on July 22, 2013.
Shares issued and outstanding as of presplit: 1,435,526,695
Shares issued and outstanding as of post-split: 1,435,527
Shareholders and other investors can find information about the restructure and recapitalization on the OTC Markets website www.otcmarkets.com and on the Company's website home page, www.everybodysphonecompany.com.
About Everybody's Phone Company
Everybody's Phone Company, sells prepaid, unlimited local (dial tone) telephone service to the residential market, primarily in greater Houston. The Company is fully licensed by the Texas Public Utility Commission to resell telephone services throughout the State. 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.