eLEC Communications To Offer Local Telecom Services in Nine Southeastern States: Interconnection Agreement With BellSouth Enables Rapid Market Entry.Business and Technology Editors NORWALK, Conn.--(BUSINESS WIRE)--April 18, 2000 eLEC Communications Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ELEC) announced today the signing of a region-wide interconnection agreement with BellSouth (NYSE NYSE See: New York Stock Exchange : BLS See Bureau of Labor Statistics. ). Under the agreement eLEC will utilize combinations of unbundled network elements (UNEs) provided by BellSouth Interconnection Services, BellSouth's wholesale business unit, to offer local service to customers in nine southeastern states. eLEC is currently licensed to provide local access services in Florida and Kentucky and is in the process of filing for certification in Alabama, Georgia, Louisiana, Mississippi, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and Tennessee. "This agreement is an important next step in our nationwide local communications rollout," said Paul Riss, 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. . "We can now use Unbundled Network Element - Platform (UNE-P UNE-P Unbundled Network Element - Platform ) capabilities in both the BellSouth and the Bell Atlantic (NYSE:BEL) regions to build a base of local access customers. UNE-P continues to be the most viable service offering available for rapid market entry with no significant up-front capital expenditures, no possibilities of stranded plant, no network build-out or customer provisioning delays. "eLEC is actively seeking local access lines through an acceleration of our marketing efforts. Our new Florida subsidiary, TelcoSoftware.com, has people in place who know BellSouth and who can begin provisioning lines for us. We have customers in Florida waiting to sign up on the eLEC network," Riss said. eLEC Communications Corp. is a publicly-traded local telecommunications company See telecom company. that is taking advantage of the convergence of the current and future competitive technological and regulatory developments in the Internet and telecommunications markets. The company provides an integrated suite of communications services to small and medium-sized business customers, including local, long distance, dial-up access, dedicated access, xDSL, and Web site design and hosting. This release contains forward-looking statements 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, availability of management; availability, terms, and deployment of capital; eLEC'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, negotiate and maintain suitable interconnection agreements with the incumbent local exchange carriers, and negotiate and maintain suitable vendor relationships, 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. |
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