IElement Corporation Announces Resignation of Two Board Members


DALLAS, Aug. 8, 2005 (PRIMEZONE) -- IElement Corporation (OTCBB:MAKY) announced today that Tim Dean-Smith and Susan Walton are stepping down from the Board of Directors effective August 8, 2005, consistent with the expectations of the parties pursuant to the consummation on the merger between IElement, Inc., and MailKey Corporation on January 19, 2005. IElement Corporation is actively searching for viable board candidates and will announce these appointments as they are initiated. In the interim, Ivan Zweig will be the acting CEO/CFO.

Mr. Dean-Smith is an original board member of MailKey Corporation and is stepping down to pursue other business interests in Asia. Ms. Walton is stepping down to pursue other interests in Europe and beyond.

About IElement Corporation

IElement is a facilities-based nationwide communications service provider that provides state-of-the-art telecommunications services to small and medium sized enterprises ("SMEs"). IElement provides broadband data, voice and wireless services by offering integrated T-1 lines as well as a Layer 2 Private Network solutions that provide SMEs with dedicated Internet access services, customizable business solutions for voice, data, wireless and Internet, and secure communications channels between the SME offices, partners, vendors, customers and employees without the use of a firewall or encryption devices. IElement has a network presence in 18 major markets in the United States, including facilities in Los Angeles, Dallas, and Chicago.

This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) unforeseen costs and expenses; (5) potential litigation with our shareholders and/or former or current investors; (6) the Company's ability to comply with federal, state and local government regulations; and (7) other factors over which we have little or no control.

For more information on IElement, please visit http://www.ielement.com/



            

Contact Data