HOUSTON, June 13, 2012 (GLOBE NEWSWIRE) -- Everybody's Phone Company, Inc. (Pink Sheets:EVPH), a provider of prepaid telephone services, today announced that through an agreement with local telephone companies AT&T and Verizon, the Company now offers two federally-funded programs, the Lifeline Assistance ("Lifeline") and Link-Up America ("Link-Up"), to its customers who qualify. Lifeline and Link-Up are part of the Universal Service Fund (USF), which distributed more than $8 Billion in 2010 toward helping qualified low income consumers pay for basic telephone service through discounts and subsidies.
Norman George, President of Everybody's Phone Company, said, "We are very pleased to begin extending our services to those most in need, by helping every American have access to the basic necessities of modern living. We all contribute in a small way to the Universal Service fund. At the bottom of your existing telephone bill is a listed charge for the "Universal Service" fund. The Universal Service fund will pay the monthly cost of our qualified consumers' basic home telephone service directly to Everybody's Phone Company. Everybody's Phone Company will be paid quarterly by the Universal Service Fund, creating for EVPH a new and reliable revenue stream."
Lifeline provides discounts on basic monthly service at the primary residence for qualified telephone subscribers. These discounts can be up to $10.00 per month, and varies from state to state. Link-Up America helps income-eligible consumers initiate telephone service. This program pays one-half (up to a maximum of $30) of the initial installation fee for a traditional, wire line telephone or activation fee for a primary residence.
EVPH anticipates annual revenues from this marketing channel to exceed $2,000,000 during the first 12 months of Universal Service Funds basic home service sales.
Eligibility requirements vary from state to state. For more information on Lifeline and Link-Up, visit www.fcc.gov/cgb/consumerfacts/tribalfactsheet.html.
To find out the criteria for your state, go to: www.lifelinesupport.org/li/lowincome/lifelinesupport/browser/.
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.