DALLAS, Nov. 10, 2005 (PRIMEZONE) -- IElement Corporation (OTCBB:IELM) (Frankfurt:SZQ1), a nationwide provider of advanced communications services and Voice over Internet Protocol (VoIP) solutions, announced today that third quarter customer renewals and new sales topped estimates and totaled $1,316,683. This contracted revenue will be earned over the next 12-36 months based on the duration of the new agreement each customer has signed with IElement.
A vast majority of the third quarter new sales and renewals ($1,212,163) resulted from renewing current customers. IElement feels that this supports the customers' satisfaction with IElement's top-notch customer service and extensive line of business solutions. The remaining $104,520 came from new accounts that have the potential to utilize the VoIP platform.
Having just begun marketing VoIP services, IElement is looking to capitalize on industry trends that show businesses are rapidly adopting IP telephony. The company expects that the VoIP services offering will be an excellent compliment to their current advanced communications service offerings.
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 businesses ("SMBs"). IElement provides broadband data, voice and wireless services by offering integrated T-1 lines as well as a Layer 2 Private Network and VOIP solutions. These solutions provide SMBs with dedicated Internet access, customizable business solutions for voice, data, wireless, Internet, and secure communications channels between the SMB offices, partners, vendors, customers and employees without the use of a firewall or encryption device. IElement has a network presence in 18 major markets in the United States, including facilities in Los Angeles, Dallas, and Chicago.
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For more information on IElement, please visit www.ielement.com.