HOUSTON, June 15, 2010 (GLOBE NEWSWIRE) -- Everybody's Phone Company, Inc. (Pink Sheets:EVPH), Texas' fastest growing provider of prepaid telephone services, provides shareholder update. Everybody's Phone Company signed a reseller agreement with AT&T providing it access to market prepaid residential unlimited local (dial tone) telephone service in 22 states. AT&T presently serves a total of 77 million AT&T mobile and voice data subscribers nationwide.
This agreement enables Everybody's Phone Company's to purchase, at a discount, access to the local telephone network provided by AT&T and repackage/resell voice services to the credit disadvantaged. Everybody's Phone Company is fully licensed to provide these services throughout the State of Texas.
Steven H. Bethke, President of Everybody's Phone Company, said, "AT&T has made a total capital investment in its Texas wireless and wireline networks of more than $6 billion from 2006 to 2008. We are now benefiting from this reliable, advanced telecommunications infrastructure to bring telephone services to the sub-prime market. We have already established market share in the greater Houston area, including parts of Brazoria, Fort Bend, Galveston, Harris and Montgomery counties."
"This agreement with AT&T is a major milestone in developing our national footprint. With unrelenting jobless claims and a growing number of residents being displaced due to the housing crisis, our services can provide lifelines to those in need, not only in Texas, but nationwide," added Bethke. "Before we can expand marketing to states beyond Texas, we must get permission from each state's public utilities commission, which we are in the process of doing. Access to additional states can provide multiple revenue streams to propel our growth going forward."
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.