EVPH Completes First Debt Buying Transaction With National Servicing Corporation

Everybody’s Phone Company (PINKSHEETS: EVPH) is pleased to announce that they have completed their first debt-buying transaction through new partner Nat-Serv Corp. EVPH will buy a mortgage debt for $197,000 at a 75% discount, approximately $52,000, for an estimated 60% profit. Significant revenues are expected to be incurred by the third quarter. This is the first of many transactions EVPH will announce in the near future.

Steve Bethke, President of EVPH, stated, “We are happy to complete this first transaction. By getting one debt purchase out of the way we can get a foot in the door while learning the proverbial ‘ropes’ of the industry; debt buying is enormously profitable and should help boost our bottom line dramatically by the close of 2011.”

EVPH struck a deal with Nat-Serv to buy portfolios in the hundreds of thousands, for even larger profit margins. This initial investment will show EVPH a variety of inside information about their new debt buying strategies, the paperwork, timeframes, and most importantly, the profits that are to be expected.

Founded by industry pioneer Thomas Law and managed by a dedicated team of experienced workout professionals, NSC is a boutique shop built around human assets with a second-to-none understanding of this business. The company’s goals include, to work in ways that are collaborative, not confrontational; in ways that will convert more delinquent loans into happy borrowers.

Everybody’s Phone Company (EVPH) is expanding their services to include pre-paid energy, utility, and internet services. EVPH also plans to buy and consolidate defaulted mortgage loans. Simultaneously, EVPH will be in close contact with those who need their services most through buying defaulted loans. EVPH started out acquiring heavily discounted telephone service from the incumbent local exchange carriers, such as AT&T and Verizon, and reselling the services at premium rates on a prepaid basis yielding above average profit margins and mitigating bad debt. Once EVPH achieves critical mass in Texas, it plans to expand its prepaid telecommunications products, utility services and debt buying abilities nationwide.