HOUSTON, March 14, 2012 (GLOBE NEWSWIRE) -- Everybody's Phone Company (Pink Sheets:EVPH) announces on the heels of their definitive LOI and completion of its due diligence that WorldWide Wireless, Inc. and Everybody's Phone Company are planning to undergo the process of becoming a fully reporting company. After an official PECOB audit and a registration statement filing, WorldWide Wireless, Inc. intends to go public and in doing so intends to create exponential benefits for present EVPH shareholders.
Once public as a part of EVPH, WorldWide Wireless, Inc. is planned to be the subject of a spin off, where EVPH will maintain an ownership interest in the spun off public company. With the expected filing and potential effectiveness of the registration statement, WorldWide Wireless will maintain a high level of transparency and be subject to the Securities Act reporting standards. Perhaps most exciting is that once the spin-off is completed, shareholders of EVPH will hold shares in WorldWide Wireless, Inc. in an expected dividend which is planned by the parties. This move is expected to allow for shareholders to exponentially increase their original investment without the need for any additional capital.
CEO Norman George states, "The LOI and acquisition of WorldWide Wireless is only the first step in many exciting company developments to come. The opportunity for our company growth is only outweighed by the enormous benefits this will afford to our current and future shareholders."
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.