Everybody's Phone Company Plans to Enter $500 Million Hydroponics Industry While Changing Its Name to Reflect New Direction
March 25 2014 - 8:45AM
Marketwired
Everybody's Phone Company Plans to Enter $500 Million Hydroponics
Industry While Changing Its Name to Reflect New Direction
Company Will Hold Special Shareholder Meeting to Approve Name
Change to Innovative Holdings, Inc. and Approve Acquisition of
Hydroponics Subsidiary
HOUSTON, TX--(Marketwired -
March 25, 2014) - Everybody's Phone Company, Inc.
(PINKSHEETS: 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