Etelcharge Rated Undervalued by Respected Wall Street Journalist
Larry Oakley of WallStreetCorner.com Sees Significant Value in Company's Recent Activities and Long-Term Prospects
Etlecharge.com (OTCBB: ETLC), the new online way to pay, today announced that veteran Wall Street journalist Larry Oakley rated Elelcharge undervalued due to the leadership of Rob Howe, the market size, technology and alliances.
A portion of Oakley's comments states: Two statistics underlie ETLC's decision to develop its proprietary technology & new online currency: 1. In the U.S., there are about 70 million people in 23 million households who do not have a major credit card; and, 2. According to the Harris organization, about 44 million people in the U.S. have had their identity stolen. ETLC had a restructuring that resulted in Rob Howe being recruited as president & CEO to grow this new emerging growth situation.
"I like the direction Rob Howe is taking. Howe's leadership is making a big difference. The new currency system should be introduced in early 2008. Don't be fooled by the past history on this one -- the important element here is the very large market ETLC faces. Can you just picture the many folks who have neither a bank account nor a credit card that will be able to purchase some of their key staples online? I suggest that you take a close look at this one before many in the investing public learn about what ETLC is doing. Check www.eTelcharge.com," Oakley stated.
I especially like the new agreements Rob Howe has negotiated -- they open up a vast additional set of markets. He's on the right track, Oakley concluded.
"We are honored to be recognized by Larry Oakley, who is such a respected journalist in the Wall Street community. His comments reinforce my commitment to bring Etelcharge's mission to fruition," stated Rob Howe, CEO.
Etelcharge.com (OTCBB: ETLC), 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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