DALLAS, July 26, 2005 (PRIMEZONE) -- IElement Corporation (OTCBB:MAKY) announced today that it has obtained shareholder approval and filed an information statement disclosing the formal name and symbol change of the company. The name and symbol change are made pursuant to the signing of an agreement on July 18, 2005, wherein an amendment to change the merged company name to IElement Corporation and, respectively, was agreed upon by the board of directors between MailKey Corporation (OTCBB:MAKY) and IElement Corporation and respective shareholders. IElement Corporation expects to receive its new trading symbol within thirty days.
According to the agreements, the directors passed a resolution to officially change the company's name to IElement Corporation. This name change is intended to reflect the new business and more appropriately represents IElement's operating activities. The closing of the series of transactions are subject to certain conditions and approvals.
IElement Corporation anticipates that the transaction will represent a new opportunity for growth for the company, with great potential for a higher level of company recognition and chance to obtain public investment funding. The quotation of the company's shares is also intended to facilitate the likelihood for IElement to seek out a larger and more diverse shareholder base through market investment and trade. This will allow IElement the ability to reach its goal of high growth and greater shareholder value.
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