HOUSTON, May 4, 2012 (GLOBE NEWSWIRE) -- Everybody's Phone Company (Pink Sheets:EVPH) announces that Board of Directors has ended negotiations to acquire WorldWide Wireless, Inc. due to unanticipated changes in market conditions.
About Everybody's Phone Company
Everybody's Phone Company (EVPH) is expanding their services to include online account monitoring, referral incentive programs, and availability of government programs to increase their bottom line and attract new customer bases across Texas. 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 product 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.