DALLAS, Aug. 9, 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 its fiscal first quarter (ending June 30) customer renewal and new sales numbers beat expectations for the fourth straight quarter and totaled $601,018. The company will earn this contracted revenue over the next 12-36 months and this amount does not represent or approximate the company's aggregate revenue in any particular quarter.
Renewing customers comprised a vast majority of the fiscal first quarter new sales and renewals for a total of $443,842. We believe this shows the customers' satisfaction with IElement's first class customer service and growing line of business solutions.
In addition to customer renewals, IElement secured $157,176 in contracted revenue with new customers during the quarter.
The customer renewal and new sales numbers DO NOT represent or approximate IElement's revenue and are strictly to be used as an evaluation of how effectively the company is retaining customers and generating new business. The company will release its fiscal first quarter revenue numbers in its quarterly 10-Q filing with the SEC this week.
You can find other IElement news at www.ielement.com/news.htm.
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
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For more information on IElement, please visit www.ielement.com.