Service to Members Expected to Be Online and Available Within Six Week Timeframe
DESOTO, TX--(MARKET WIRE)--Nov 1, 2007 -- Etelcharge.com (OTC BB:ETLC.OB - News), the new online way to pay(TM), today announced that pursuant to its recently announced agreement with Pasadena, California-based CRS Corporation, full online deployment is expected within the next six weeks.
Etelcharge members will be able to subscribe to CRS services such as ReportMyBills.com and others. CRS data is accepted by such lenders as Wells Fargo Home Mortgage, Chase Home Finance, GMAC RFC, CitiMortgage, Wachovia Corp., US Bancorp and other FHA lenders.
James T. (Toby) Wilson, Chief Technology Officer, stated, "We have completed the development of this service in record time and are most enthusiastic at the prospect of its launch to a large and growing base of members. Having served in many capacities at the helm of breaking technologies that impacted a variety of industries, it is my contention that the CRS/Etelcharge service will impact an audience and an industry that is growing exponentially."
"This is a major step forward for us. Etelcharge provides services that our nearly 100,000 members can really use. Our implementation roadmap with Etelcharge is solid. We'll be processing transactions and flowing revenue quickly," stated Ray Smith, President of CRS.
About Etelcharge.com
Etelcharge.com (OTC BB:ETLC.OB - News), the first Web 2.0 online payment system, provides online shoppers the ability to charge approved transactions to their telephone bill. While addressing the concerns online shoppers have about identity fraud and identity theft, the Etelcharge payment option is also a perfect match for the millions of individuals without a credit card, or even a bank account. For more information, go to www.etelcharge.com.
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements involve a number of known and unknown risks and uncertainties that may cause Etelcharge.com, Inc. and actual results or outcomes to be materially different from those anticipated and discussed herein. These include its historical lack of profitability, limited working capital, the need for additional capital, end-use customers' acceptance of new products and actual demand, the need for Etelcharge.com, Inc. to manage its growth, and other risks associated.
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