31/10/2014 08:09:05 Free Membership Login

Everybody's Phone Company Targets "Unbanked" Market

Date : 06/22/2012 @ 7:30AM
Source : Marketwired
Stock : Sprint Corp. (S)
Quote : 6.0  0.0 (0.00%) @ 7:51AM
Sprint Nextel share price Chart

Everybody's Phone Company Targets "Unbanked" Market

Sprint Nextel (NYSE:S)
Historical Stock Chart

3 Years : From Oct 2011 to Oct 2014

Click Here for more Sprint Nextel Charts.

Everybody's Phone Company, Inc. (PINKSHEETS: EVPH) (OTC: EVPH) announced yesterday that they have launched an affiliate marketing program aimed at the Texas "unbanked" market.

An estimated 30% of Texans currently do not have a bank account; this alone prohibits their ability to get reoccurring monthly charges required for a landline phone. Everybody's Phone Company estimates $2,000,000 in revenues from targeting bundled phone products in grocery stores, convenience stores, pawn shops and check cashing locations around Houston, Texas. It is estimated 25% of households no longer have a landline. In a study by Pew Research, it is reported that, "reported that those with lower incomes are less likely to own a landline" and that "The tendency of low-income households to be cell-only is partially due to the unpredictable nature of landline telephone bills where you pay for service after use. Users who end up with outstanding unpaid balances are disconnected from the telephone network, and because of a monopoly of service, this can serve as a barrier to reconnection for users."

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.

Other active telecom stocks are, AT&T (NYSE: T), Verizon (NYSE: VZ) and Sprint (NYSE: S)

This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Equity Spotlight one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.

Equity Spotlight Email Contact



Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 141031 08:09