Everybody’s Phone Company Plans to Enter $500 Million Hydroponics Industry While Changing Its Name to Reflect New Direction
March 25 2014 - 09:45AM
InvestorsHub NewsWire
Company Will Hold Special
Shareholder Meeting to Approve Name Change to
Innovative Holdings, Inc. and
Approve Acquisition of Hydroponics
Subsidiary.
HOUSTON, TEXAS:
March 25, 2014: Everybody's Phone
Company, Inc. (OTC: EVPH) is pleased to announce that is in the
process of entering the $500 Million Hydroponics Industry*. The
Company’s first step will be holding its special shareholder
meeting via conference call on Thursday, April 10, 2014. Pending
approval during the Shareholder’s Meeting, the Company will change
its name to Innovative Holdings, Inc. to reflect its new direction
of acquiring revenue-generating subsidiaries in the hydroponics
industry, one of the fastest growing industries in the U.S.
today.
Once approved by the
Board of Directors, the Company plans to enter into a Letter of
Intent with a hydroponics company within the next 14 business days
to become a wholly owned subsidiary of the Company. The Company
will also search for other acquisitions to help create a diverse
revenue base for its shareholders.
“We are very excited
about adding this new business segment to our Company and the
growth in revenues and shareholder value it will add”, said Norman
George, President and Chief Executive Officer of Everybody’s Phone
Company. “Innovative Holdings Inc. will also continue to do
business as Everybody’s Phone Company under its existing model of
providing prepaid telephone services to lower income
consumers.”
After approval from
the Shareholder’s Meeting, the Company will submit a request with
FINRA for a name and stock symbol change. The Company will also
review potential changes to its Management Team and its Board of
Directors.
The Company announced recently that it had
received the initial draft of its Form 10 Registration Statement
for review and plans to file it with the Securities and Exchange
Commission in the near future. The Form 10 will become effective 60
days after filing with the SEC. The Company will then be fully
reporting. The Company also recently filed its audited financial
statements for the years ended December 31, 2012 and 2011 on OTC
Markets.
*Per
Marijuana Business Daily
on
September 12, 2013.
About Everybody's
Phone Company, Inc.
Everybody's Phone
Company, Inc., sells prepaid, unlimited local (dial tone) telephone
service to the residential market, primarily in greater Houston,
Texas. The Company is fully licensed by the Texas Public Utility
Commission to resell telephone services throughout the State
[Service Provider Certificate of Operating Authority (SPCOA) No.
60785]. Upon achieving 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