Cordia Corp Announces First Quarter Results Including More Than $1.5 Million in Quarterly Revenue and 259% Revenue Growth.

Business Editors

RIDGEFIELD, Conn.--(BUSINESS WIRE)--May 21, 2002

Cordia Corp. (OTCBB:CORC), a provider of technology enabled outsourced services to the telecommunication and insurance industries, announced the results of its operations for the first quarter ended March 31, 2002.

Cordia reported revenues for the three-month period ended March 31, 2002, of $1,582,989 an increase of $1,143,097 or approximately 259%, over the revenues from the three-months ended March 31, 2001.

The company's net loss for the three-month period ended March 31, 2002 amounted to ($607,523), or ($0.02) per share, compared to losses of ($466,847), or ($0.02) per share, for the comparable prior year period.

The company also reported that cash provided by operations for the three-months ended March 31, 2002 amounted to $255,885 versus net cash used of ($220,094) for the three-months ended March 31, 2001.

Cordia CEO Craig Gironda stated, "We are very pleased to report continued rapid growth in operating revenues and improvement in our operating cash flows. We have recently commenced selling our telecommunications services and expect those services to materially add to our revenues in the third quarter."

Cordia Corporation develops and provides industry specific applications, solutions and services. Cordia's primary operations are currently concentrated in the insurance industry through its operating division, Insurance Solutions Group (ISG) and the telecommunications industry through its operating subsidiary, Cordia Communications Corp. Cordia plans to expand its efforts into additional industry segments.

                     Cordia Corp. and Subsidiaries
            Condensed Consolidated Statements of Operations
                              (Unaudited)

                                           For the Three Months Ended
                                                     March 31,

                                             2002               2001

 Revenues                              $  1,582,989      $   439,892

 Operating Expenses
   Payroll and payroll taxes                931,014          499,134
   Advertising and promotion                125,734           59,453
   Professional and consulting fees         203,621          117,709
   Depreciation                              24,941           12,520
   Other selling, general and
     administrative                         848,311          295,460

                                          2,133,621          984,276

 Operating Loss                            (550,632)        (544,384)

 Other Income (Expenses)
   Loss on investments                      (52,350)         (61,860)
   Other Income                                 549               35
   Interest  expense                         (5,090)         (10,197)

                                            (56,891)         (72,022)


 Loss Before  Income Taxes                 (607,523)        (616,406)

 Income Tax Expense (Credit)
   Current                                      --            (6,404)
   Deferred                                     --          (143,155)

                                                --          (149,559)



 Net Loss                              $   (607,523)    $   (466,847)


 Loss per Share                        $      (0.02)    $      (0.02)

 Weighted Average Shares Outstanding     27,308,565       26,650,667

This release contains forward-looking statements that involve risks and uncertainties. Cordia's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; Cordia's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which eLEC can operate, access new markets, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements.