Recapitalization and Reverse Stock Split Allow Company to Raise Capital in 2013
July 22 2013 - 8:00AM
Marketwired
HOUSTON, TX--(Marketwired - July
22, 2013) - Everybody's Phone Company, (PINKSHEETS:
EVPH), a leader in the prepaid telecommunications industry, today
announced that it has completed a significant corporate
restructuring, thereby allowing the Company to have easier access
to investment capital in 2013.
On June 6, 2013, the Company's Board of Directors unanimously
voted to initiate a 1,000 to 1 reverse split of its outstanding
common shares.
Everybody's Phone Company is planning to increase its sales and
marketing in the Houston Metropolitan area and in the future to
expand its sales and marketing effort to other geographical areas
of Texas. The Company is seeking investment capital in order to
expand its sales and marketing in 2013 and future years.
The Company completed all required filings for the restructuring
in the state of Texas on June 26, 2013 including its Certificate of
Amendment. The Company received its new corporate CUSIP number on
June 27, 2013 and received final approval and authorization of the
reverse split from FINRA on July 11, 2013. The new listing appeared
on the market open on July 22, 2013.
Shares issued and outstanding as of presplit: 1,435,526,695
Shares issued and outstanding as of post-split: 1,435,527
Shareholders and other investors can find information about the
restructure and recapitalization on the OTC Markets website
www.otcmarkets.com and on the Company's website home page,
www.everybodysphonecompany.com.
About Everybody's Phone
Company 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. For more information, visit
www.everybodysphonecompany.com.
The foregoing press announcement
contains forward-looking statements that can be identified by such
terminology such as "believes," "expects," "potential," "plans,"
"suggests," "may," "should," "could," "intends," or similar
expressions. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
actual results to be materially different from any future results,
performance or achievements expressed or implied by such
statements. In particular, management's expectations could be
affected by, among other things, uncertainties relating to our
success in completing acquisitions, financing our operations,
entering into strategic partnerships, engaging management and other
matters disclosed by us in our public filings from time to time.
Forward-looking statements speak only as to the date they are made.
The Company does not undertake to update forward-looking statements
to reflect circumstances or events that occur after the date the
forward-looking statements are made.
Contact: Everybody's Phone Company Tel: (713) 268-1610
www.everybodysphonecompany.com