Get ready people!!! ETLC might seem to be behind schedule a little bit, but I would not assume that nothing is happening just because we didn't see news or a filing yesterday. There is a lot going with the company right now, imo.
Just be ready for the unexpected because it's coming and it will be great news, imo.
Notice, there hasn't been a sell off. It's holding a base around .11 to .12 cents.
I'm sure once the new CEO settles in, we will be in for a Flood of News and the pps will follow. Glta
Get ready people!!! ETLC might seem to be behind schedule a little bit, but I would not assume that nothing is happening just because we didn't see news or a filing yesterday. There is a lot going with the company right now, imo.
Just be ready for the unexpected because it's coming and it will be great news, imo.
Notice, there hasn't been a sell off. It's holding a base around .11 to .12 cents.
I'm sure once the new CEO settles in, we will be in for a Flood of News and the pps will follow. Glta
Jmho
I can't see what anybody does see on this company Not bashing, but it's IMO only
eTelcharge President David Young Addresses Company's Progress and Status
eTelcharge.com, Inc. (OTCBB: ETLC), http://www.etelcharge.com a financial diversified merchant services company, today announced that David Young, former Senior Director of Operations has fully assumed his appointment as President, effective August 1, 2006.
David Young takes over 32 years of experience with large incumbent carriers, competitive interchange and CLEC carriers along with engineering expertise assisting eTelcharge in reaching its immediate and long term objectives.
"eTelcharge has made tremendous strides from 2005 through today.
-- On the product end, Version 2.0 is 'complete' and is presently with merchants who are revamping their billing systems to accommodate the Company's alterative payment system allowing consumers to charge purchases to their home phone bill;
-- On the billing front, the company has signed a contract with a nationally recognized billing aggregator who will provide service to the southwest with plans of expansion into the Midwest and western regions of the country;
-- On the American Home Market merger: Final merger documents are presently with the Company's securities counsel, who will submit the required legal documents, including Form 14c, to the SEC for review.
-- On the traditional billing services division of eTelcharge, the Company has successfully launched merchant services with three municipalities and is moving ahead in that arena as well as the private sector, expecting to continue to close additional government and commercial contracts.
-- On the regulatory issues, the Company has regained listing on the Over- The-Counter Bulletin Board and is fully compliant," Young stated.
"As we move ahead, I will continue to foster client relationships as I did during my tenures at AT&T and Vartec Telcom, work to ensure that Version 2.0 meets merchant requirements and significantly grow that portion of our business model, utilize my engineering skills where required and continue to implement project and cost management systems," Young concluded.
Carl Sherman, CEO added, "The years 2005 and 2006 have been a well worthwhile struggle. The Company is in a position to prosper and bring long-term and long-awaited value to our valued shareholders. David's appointment provides me with a growing infrastructure and leadership to bring the Company to its full potential."
About eTelcharge.com
eTelcharge.com (OTCBB: ETLC) offers the traditional credit card merchant services, checks and other existing financial infrastructure offered by banks, as well as the proprietary new online currency that provides online shoppers the exclusive choice to charge items to their telephone bill. Designed to reduce the risk of identity fraud and identity theft by providing an Internet credit option for online shoppers to charge a number of items sold over the Internet. This payment option is a perfect match for the 70 million Americans who do not own a credit card. eTelcharge.com started as the only company with the ability to charge a variety of products to the home phone bill. Clearly, past electronic commerce solutions have not employed effective security and privacy techniques that adequately address consumer concerns about privacy and security on the Internet today. The release of the latest version of the proprietary phone billing option is scheduled to be launched soon. For more information, go to http://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.
There have been several people questioning how you can charge something to your phone bill stating it is not legal or there are no phone companies that will allow it. Well you might want to read this...
From a post on Raging Bull;
"Just found this in the 10ksb. It seems this addresses question #1.
In April 2006, The Company signed a new agreement with AT&T to bill direct again for special services such as music, video and movie downloads to the customers home phone bill. This new agreement will initially commence billing in the SW region of the United States and cover all other regions of the US in roll out phases from the SE region to the West Coast territory within AT&T markets.
The privacy and security of our billing service could be breached by third parties seeking confidential account information such as passwords and financial account information. Such a breach could subject us to liability from customers and merchants and could harm our reputation, thereby inhibiting the use of our billing service. However, since the customer only provides a telephone number, and not the information from a personal credit card or charge card, the information is less valuable. Because the maximum monthly amount of credit we allow for billing to each customer is only $60, we do not believe it likely that third parties will seek to access this information. In order to make any breach of our system more difficult, etelcharge only approves charges that originate from the customer's home computer and verifies the charge through a telephone call that must be generated from the customer's telephone number.
STRATEGY
eTelcharge.com’s target markets of the initial launch of the 2.0 New Online Currency version represent one of the top ten trends: Micro-Payments. eTelcharge.com will focus on securing its market position as the preferred online micro-payment for down loading of music, movies and satellite radio. The hottest trend for online micro purchases has been propelled by iTunes and others that sell music, videos and movies online. According to Gartner electronic micro-payments, as an industry, are estimated to generate about $60 billion in transactions annually by 2015. By focusing on the hottest markets, eTelcharge.com will distinctly positions itself with a very visible and practical billing solution. In other words, the most practical way to purchase the most sensible items purchased over the Internet is via eTelcharge.com , therefore, establishing the market stake for eTelcharge.com runs wide and deep on the Internet.
eTelcharge.com will provide along with it’s traditional payment options to online merchants a unique security and privacy feature, designed to thoroughly prevent credit card fraud and maintain the consumers anonymity, which are the top two obstructions to shopping online. Clearly, past electronic commerce solutions have not employed effective security and privacy techniques that adequately address consumer demands. This casual and simple process will revolutionize eCommerce. The revenue potential here can obviously be enormous.
In summary, as eTelcharge.com, Inc. grows; we expect to take an additional step to employ outside assistance from a marketing agency to expedite new campaigns."
I Must say any hope I had in this stock making some gains on hype have been shattered. Mby I will live to regret it, but if I owned shares in the company I would get rid of them.
"It's not nessicary to be rich and famous to be happy... Just rich"
I Must say any hope I had in this stock making some gains on hype have been shattered. Mby I will live to regret it, but if I owned shares in the company I would get rid of them.
You would be making a HUGE mistake, imo
I haven't been buying and holding for over 18 months now for nothing.
Popeye is one of the more well-known posters on message boards, and his information usually isn't even his opinion, it is lines right out of financial reports from the very companies he is discussing. It is common practice for hypesters like energy_wave to use the terms "that's all in the past" when someone brings up the repeated history of losing money and not bringing in revenues. ETLC first announced the "pending merger" via an LOI (the ever-popular LETTER OF INTENT, which is as binding as a verbal "yeah, sure" in an empty stadium) in August...OF LAST YEAR. The company they are supposedly merging with, AHM, would be contributing 300 million dollars in revenue...which is just a wee bit more than the roughly 3 THOUSAND in the bank according to the last 10Q, and would only be taking (again, supposedly) 152 million shares. Given the current outstanding of 129 million (call transfer agent, I did), that means about a 55 percent stake of the company. TO GIVE THEM 99 PERCENT OF THEIR AVAILABLE CASH. Now, on to revenues. AHM, per all of the past releases from ETLC, you would have believed had 100 million in revenues. In my opinion, if you read it carefully, you'll find that it is more likely that TITLE TEXAS, of which AHM is a "fee office," (anyone heard of that?) has the revenues. Even still, it wouldn't take many revenues to have 90 percent of the revenues for the "merged company." That said, if you were contributing 99% of the funds, and 90-99 percent of revenues, would you accept 55 percent of the company in return? I doubt it. It is for that simple reason that I opine that a minimum 1 for 10 reverse is needed for the merger to have a shot. That way, the 129 million becomes 12.9 million, and 152 million dollars represents over 90 percent of the company...a far better and more equitable representation of AHM's input. Expect energy_wave, as he has done on many message boards (some of which have suspended him for it) to either personally attack me, toss out some vague numbers that have to do with a larger sector and likely have nothing to do with ETLC in an effort to get people to think there's a relation, or will simply toss out some "this guy is obsessed with me", followed by a "to da moon" of some sort. It is what he does. And kudos to Popeye for putting the facts out there to be seen. As always, IMO/FWIW
1st of all its nice to see you here posting again TheOnlyTrueGrib hopefully we will see you around sharing your insights more often.
Energy can post all the hype he wants as long as he follows the guidlines set out by the site, which he hasn't violated, and I hope he never will. Lets try not to turn this into a battle. Both Popeye and myself (and now you) have expressed opinions of extreeme skepticsm about this stock, and I hope people are sure to know who has vested interest in this stock.
Anyway like I said welcome back, hope to see you around a lot more. PS there are a few more stocks Popeye and I have spoken agaist that your backup would be great for.
"It's not nessicary to be rich and famous to be happy... Just rich"
Grib, I thought you didn't stalk me? Yet here you are. Following me around on every message board you can find me on. I suppose iceman1co will show up next.
Like I said on other message boards, you don't have a clue as to what this company is about. A company that I have chosen to invest my hard earned money in for over 18 month now.
Like I also said, "Me and my 1.3 mil shares will be laughing at you real soon, lol."
ETLC will give new meaning to the term...To The Moon!!!
Thats where this one is headed, imo
jmho
NOTE TO MODS: You might want to look into Gribbit (theonlytruegrib or touchoreality, his other names) as well as iceman1co. Both are harassing me on several other message boards, like StockSpot. Their antics have caused a marked decline in board usership by members who have had enough of their negative attacks and have just left for quieter boards where they can discuss investing.
There is not much traffic here as it is. If they start here what they started on StockSpot, your traffic will undoubtedly decline.
Guys, I've said it once and I'll say it again keep it about stocks. You really don't have any reason to mention each other in your posts. If energy likes a stock becuase of where it is going then thats fine, he can post about it. If theonlytruegrib dosen't like the stock based on the fact that he dosen't have faith that what they say will happen will haooeb thats fine, he can post about it. I personally don't like this company based on its financial record and I will certainly post about that.
We try our best to keep the posting on this site unpersonal, but let's face it money is never unpersonal. Lets try to debate on the merrits of the company, not squabble over who we don't like.
"It's not nessicary to be rich and famous to be happy... Just rich"
By the way gribbit..."The company they are supposedly merging with, AHM, would be contributing 300 million dollars in revenue"
That statement you made above is completely false. A lie!
Let me correct that statement as it was INTENDED (not meant to be spun)... AHM would be contributing 3 million dollars in cash, and supposedly have claimed 100 million dollars in revenues, which has yet to be documented in ANY filing.
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