ELEC Launches VOIP `Vox Adapter Box'
eLEC Communications Launches VOIP `Vox Adapter Box'
Monday September 20, 6:00 am ET
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Sept. 20, 2004--eLEC Communications Corp. (OTCBB:ELEC - News) today announced the formation and commencement of operations of a wholly-owned Voice over Internet Protocol ("VoIP") subsidiary, Vox Communications Corp., to offer enhanced telephone services through the use of eLEC's "Vox Adapter Box" to customers who have high-speed access to the Internet.
The "Vox Adapter Box" in its first phase will be sold through retail phone stores in the New York Metropolitan area. Stores will buy the Vox Adapter Boxes from eLEC and will sell it to consumers who are looking to enhance their high speed Internet connection with an easy to use, multi-featured low-priced VoIP service that cannot currently be provided to people who are using traditional landline voice services.
The Vox Adapter Box allows anyone with high-speed Internet access to use VoIP services for as low as $9.95 a month plus usage charges. Vox offers both residential and business customers a variety of service plans, which include international calls to more than 20 countries for just two cents a minute.
"Clearly, VoIP is going to be an important factor in the future of voice communications," said eLEC CEO Paul Riss. "The Wall Street Journal recently quoted a research study that concluded that while only 100,000 people use VoIP regularly at the present time, by the year 2007 this figure is expected to grow to 10 million. With a selling price of only $9.95 per month plus usage charges, we believe we will be noticed by many high-speed Internet users that will be considering a feature-rich VoIP product," said Riss.
eLEC Communications Corp. is a publicly-traded local telecommunications 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 on our products and offerings, visit our web site at www.myelec.com.
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, 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, 2003, eLEC's Quarterly Report on Form 10-QSB for the quarters ended February 29, 2004 and May 31, 2004 and any subsequent SEC filings.
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Contact:
For:
eLEC Communications Corp.
John Logan, 206-984-9202
logan@beaconrockresearch.com
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Source: eLEC Communications Corp.
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