eTelcharge Files Patent Application for Innovative VoIP Billing Feature9 June 2006
eTelcharge.com, Inc. (the "Company") (OTCBB: ETLC) www.eTelcharge.com, a financial diversified merchant servicescompany, today announced that the company filed a patent application withthe U.S. Patent and Trademark Office for its unique billing processemploying Voice over Internet Protocol (VoIP). This new patent applicationshould strengthen eTelcharge's positioning to offer consumers enhancedonline security and improved functionality for interactive transactionsconducted via increasingly popular VoIP telecommunication services.Merchants utilizing the eTelcharge VoIP process will realize the benefitsof increased customer confidence and transaction convenience made possibleby the new technology.
The unique VoIP billing process supports eTelcharge's mission of combatinginternet fraud through a novel method of transaction processing andverification. Currently, there is no other e-commerce provider with thisfeature.
"Successful initiation of the patent process is a significant achievementfor the Company as it provides us with the capacity to meet consumer demandfor enhanced security of online transactions which use the latest VoIPtelephone networks," stated Carl Sherman, CEO. "This capability providessignificant improvements in transaction efficiencies for the e-commerceindustry and catapults eTelcharge to the forefront of telephony basedmerchant services," Sherman concluded.
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About eTelcharge.com
eTelcharge.com (OTCBB: ETLC) offers the traditional credit card merchantservices, checks and other existing financial infrastructure offered bybanks, as well as the proprietary new online currency that provides onlineshoppers the exclusive choice to charge purchases to their telephone bill.Designed to reduce the risk of identity fraud and identity theft byproviding an Internet credit option for online shoppers to charge a numberof transactions over the Internet, this payment option is a perfect matchfor the 70 million Americans who do not own a credit card. eTelcharge.comstarted as the only company with the ability to charge a variety ofproducts to the home phone bill. Clearly, past electronic commercesolutions have not employed effective security and privacy techniques thatadequately address consumer concerns about privacy and security on theInternet today. The release of the latest version of the proprietary phonebilling option is scheduled to be launched soon. For more information, goto http://www.eTelcharge.com.
About The American Home Market Corporation
The American Home Market Corporation (AHM) and its subsidiaries are a FeeOffice of Title Texas (Formerly Safeco Land Title of Dallas). We haveassembled one of the most experienced commercial and residential closingteams in the State of Texas, if not the nation. The combined expertise ofour escrow officers, in-house attorney closers, support legal staff andescrow support staff is unequaled in the business. A strong and widelydiversified repeat customer base (individual, developer, lender, attorney)is a powerful testimony to our success. We are Certified Closing Agentsfor the United States Department of Housing and Urban Development (HUD) andas such we are the closing agents for any home sold by HUD in 42 countiesthroughout the State of Texas. With over $100 million dollars in yearlyrevenues, we are strongly committed to providing the finest products andservices available.
This news release includes forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995. The statementsinvolve a number of known and unknown risks and uncertainties that maycause eTelcharge.com, Inc. and actual results or outcomes to be materiallydifferent from those anticipated and discussed herein. These include itshistorical lack of profitability, limited working capital, the need foradditional capital, end-use customers' acceptance of new products andactual demand, the need for eTelcharge.com, Inc. to manage its growth, andother risks associated.
Contact:Cynthia DeMonteDeMonte Associates718-706-5005cdemonte@aol.com
SOURCE: eTelcharge.com, Inc.
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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