PRZOOM - /newswire/ -
Lake Harmony, PA, United States, 2005/09/01 - With the closing of the merger, Ray Jackson, President and CEO of AHM, is slated to become the new Chairman of the Board of Directors of eTelcharge.com..
eTelcharge.com, Inc. (the “Company”), (Pink Sheets: ETLC), a financial diversified merchant service company, announced that the Company has signed a Letter of Intent (“LOI”) to merge eTelcharge.com with The American Home Market Corporation (“AHM”), a privately held company with over $100 million in annual revenues. With the closing of the merger, Ray Jackson, President and CEO of AHM, is slated to become the new Chairman of the Board of Directors of eTelcharge.com. The closing of this transaction is anticipated to be on or before November 1, 2005. The Letter of Intent sets forth certain conditions including the completion of due diligence by both parties and the signing of a definitive agreement.
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