April 5, 2007 - 9:36 AM EST
IELM 0.024 0.012
IElement Comments On Recent Accomplishments At US Wireless Online
Management Agreement Leads to Significant Growth Opportunities
DALLAS, April 5, 2007 (PRIME NEWSWIRE) -- 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 it has accomplished several significant operational objectives during the first 90 days of its management agreement with US Wireless Online, Inc. (US Wireless) and Sutioc Enterprises, Inc. (Sutioc).
On December 27, 2006, US Wireless and Sutioc (its majority shareholder) entered into an agreement with IElement Corporation whereby IElement began providing integrated customer service, customer management, technical support, network management, accounting, billing, collections and other services for US Wireless.
During the first 90 days of the management agreement IElement was able to dramatically improve operational efficiencies at US Wireless and accomplished a number of operational objectives including: the reduction of US Wireless' telecom vendor accounts from 41 to 7 active vendors; the reduction of monthly telecom vendor expenses by 66% ($360,000 annual savings); the elimination of redundant tower sites; the consolidation and migration of US Wireless' accounting and billing data into one enterprise level system; the migration of US Wireless' customer databases to IElement's CMS platform (a proprietary, fully integrated customer management system); the initiation of 24 x 7 customer support, etc.
"These accomplishments are the first steps toward realizing the full potential of our agreement with US Wireless," commented Ivan Zweig, CEO of IElement Corporation. "While the agreement has already had a significant, positive impact on our revenue, one of the more exciting aspects of the deal is the opportunity to cross sell IElement products and services to the approximately 1,500 new business customers now managed by IElement."
"The majority of these customers are currently only receiving wireless broadband services," continued Zweig. "Now that we have integrated the new customers, improved operations and begun to stabilize the business, we can begin to capitalize on the growth opportunities represented by this new customer base."
IElement is now in the process of launching programs intended to rapidly increase monthly recurring revenue by offering the full suite of IElement products and services across all of the existing wireless broadband markets including Florida, Mississippi, Alabama, Kentucky, Indiana and Pennsylvania. These programs will be accompanied and supported by other sales and market expansion efforts to be announced in the near future.
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