eLEC Communications Launches VoIP Wholesale Product.WHITE PLAINS, N.Y. -- Achieves Interest in its Next Generation VoIP Services With Multiple Compression Multiple Compression The effect that arises when a stock trades at a certain multiple and, while earnings may be strong, the stock price doesn't move up (or even goes down). Options - Including Support for G.711 and Low-Bit Rate G.729 eLEC Communications Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ELEC), a CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) and integrated packet communications service provider A Communications Service Provider or CSP is a company that transports information electronically. The term encompasses public and private companies in the wireline, wireless, Internet, cable, satellite, and managed services businesses. , today announced that it has launched a Voice over IP (VoIP) wholesale product and has signed its first wholesale contract to provide its enhanced VoIP platform features and services, including IP Origination and Termination. eLEC's next generation VoIP services are provided through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. VoX Communications, a premier packet communications services provider concentrating on VoIP residential and business applications nationwide. "We have entered an exciting period for eLEC and VoX," said eLEC's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Paul Riss. "We are now functioning as a carrier's carrier by providing wholesale VoIP services to other VoIP providers on our own proprietary VoIP platform which includes over 20 class 5 call features, voicemail and enhanced call handling. We are pleased that other VoIP providers trust VoX as a viable platform for their own telecom service offerings, and we are currently working with other carriers to test and use our services. We are terminating both G.711 and G.729 traffic and offer many VoIP providers -- including both mature and market entrants -- certain enhanced features that we have been able to `unbundle To sell components in a system separately. Contrast with bundle. ` and provide at competitive prices to our wholesale customers. Early adoption is certainly encouraging and we plan to continue to build on this momentum with our platform service offerings." About VoX Communications VoX Communications is a wholly owned subsidiary of eLEC Communications Corp. Using its advanced, nationwide Voice over IP (VoIP) network, VoX offers wholesale broadband voice, origination and termination services for cable, wireless and wireline operators, and enhanced VoIP telephone service to the small business and residential marketplace. VoX's VoIP service is a feature-rich, low-cost and high-quality alternative to traditional landline phone service. For more information, visit http://www.voxcorp.net About eLEC Communications eLEC Communications Corp., headquartered in White Plains, NY, is a publicly traded local telecommunications company See telecom company. that is taking advantage of the convergence of the technological and regulatory developments in the Internet and telecommunications markets. eLEC provides an integrated suite of communications services to business and residential customers, including local, long distance, dedicated access, and VoIP. For more information, visit http://www.elec.net. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. eLEC'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, certain risks and uncertainties over which the company may have no control. For further discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in eLEC's Annual Report on Form 10-KSB for the year ended November 30, 2004 and Quarterly Report on Form 10-QSB for the period ending February 28, 2005, and any subsequent SEC filings. |
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