DALLAS, March 3, 2006 (PRIMEZONE) -- IElement Corporation (OTCBB:IELM) (Frankfurt:SZQ1) (Frankfurt:IELM), a nationwide provider of advanced communications services and Voice over Internet Protocol (VoIP) solutions, announced today that fourth quarter customer renewals and new sales beat expectations for the second straight quarter and totaled $600,513.12. The company will earn this contracted revenue over the next 12-36 months based on the duration of the new agreement each customer signed with IElement.
A vast majority of the fourth quarter new sales and renewals ($458,529) resulted from renewing current customers. IElement feels that this shows the customers' satisfaction with IElement's top-notch customer service and extensive line of business solutions. The remaining $141,984 came from new accounts with the potential to utilize the VoIP platform and represents an increase in new sales of $37,464 over the previous quarter.
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 its VoIP services offering will be an excellent compliment to its 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.
The IElement Corporation logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=2233
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", "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 www.ielement.com