DALLAS, Aug. 25, 2005 (PRIMEZONE) -- IElement Corporation (OTCBB:MAKY) a nationwide provider of advanced communications services, announced today that it has obtained official notice from NASDAQ that the name change requested has been approved effective immediately. The name change was made pursuant to the signing of an agreement on January 18, 2005, wherein an amendment to change the merged company name to IElement Corporation from MailKey Corporation was agreed upon by the board of directors between MailKey Corporation (OTCBB:MAKY), IElement Corporation and respective shareholders.
IElement Corporation also announces that its new market symbol, IELM, will be effective immediately.
IElement Corporation anticipates that the name change will bring sharp focus toward the company providing next generation communication products and added value services. IElement Corporation currently delivers and sells local dial tone, long distance services and wide area network services that enable small and medium sized enterprises (SMEs) to deploy high-capacity, affordable and secure networks across their state or across the country. The launch of the new name marks the progress of IElement in shaping the next generation of communication systems, such as VoIP, that are affordable and easy to implement.
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; (7) the Company's ability to comply with federal, state and local government regulations; and (8) other factors over which we have little or no control.
For more information on IElement, please visit http://www.ielement.com