DALLAS, Nov. 7, 2005 (PRIMEZONE) -- IElement Corporation (OTCBB:IELM); (Frankfurt:SZQ1), a nationwide provider of advanced communications services, announced today that it will begin offering Voice Over Internet Protocol (VOIP) services in all of its markets. IElement will leverage its 300 current corporate customers as an initial market and then extend the offering to new accounts along its sales, agent and partner channels.
IElement believes that VOIP technology is ready for broad adoption as companies' preferred source of telephony. According to Yankee Group, 400 million business lines are expected to convert to VOIP over the next five years and a majority of them are most comfortable purchasing VOIP from their current ISP, local telephone or long distance provider (IElement provides these services to its current customers).
Unlike most VOIP providers, IElement will offer a facilities-based solution that will allow IElement to maintain control of the network and the integrity of the calls. The result will be near flawless call quality combined with a broad array of new features, increasing productivity and decreasing costs.
This marks IElement's formal entry into the commercial VOIP industry, which is expected to grow by 1,400 percent over the next five years (according to Infonetics Research).
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.
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.