Message #29 From:
NewsBot Date: November 1, 2005 02:30:00 AM
ELEC News eLEC Appoints Two Industry Execs to VoX Communications' Advisory Board; Telecom Partners' Mark D. Adolph and CXO Founder Jay Allen to Help Guide VoX's VoIP Business Growth
WHITE PLAINS, N.Y. & CELEBRATION, Fla.--(BUSINESS WIRE)--Nov. 1, 2005--eLEC Communications Corp. (OTCBB: ELEC), an integrated communications service provider, today announced the appointment of industry execs Mark D. Adolph and Jay Allen to its advisory board to support eLEC's wholly owned subsidiary VoX Communications. Based in Celebration, Fla., VoX Communications is a wholesale and retail provider of Voice over Internet Protocol (VoIP) services nationwide.
"We're thrilled to have Mark D. Adolph and Jay Allen join our advisory board. They will each make valuable contributions to VoX Communications in their respective areas of finance, operations, marketing and business development," said Michael Khalilian, chairman of eLEC's advisory board. "They join a group of talented, cross-industry experts that make up our advisory board, including Rich Tehrani, TMC's president and VoIP authority (TMC publishes INTERNET TELEPHONY Magazine); Payam Maveddat, wireless technology V.P. at Tekelec; former Time Warner executive Gayle Greer; and UTStarcom executive Farshid Mohammadi."
"As a partner, COO and former CFO of Telecom Partners, Colorado's largest private equity fund focusing on communications companies, Mark Adolph will bring a wealth of financial and operational experience to our VoX team and we're looking forward to his expert advice as we grow VoX's business," Khalilian added. "Jay Allen is the founder of CXO and is closely tied to executives from major corporations throughout the Rocky Mountain region. His executive management, sales and business development experience in the technology arena will benefit VoX greatly as the company embarks on an aggressive sales and marketing campaign for its nationwide VoIP services offering." Khalilian is also chairman and president of the International Packet Communications Consortium (IPCC), a technology forum working to advance VoIP over broadband cable, wireless and wireline.
Mark Adolph has more than 19 years of experience in financial management and operations across multiple industries. Adolph has negotiated investment syndication transactions for over $4.4 billion in equity and debt in private and public companies. In addition, he oversees operating responsibilities and strategic planning for portfolio companies. Prior to Telecom Partners, Adolph was the chief financial officer of various Cook Inlet Communications entities that operated a portfolio of major market radio stations, television stations, and wireless communication assets. He was also a consultant with KPMG in Los Angeles in the firm's western region. Adolph received his juris doctorate degree from the University of San Diego and graduated cum laude from the University of Akron with a bachelor of science in accounting. He is a member of the American and California Bar Associations.
"VoX is made up of a superior group of talented experts in the VoIP space, and has a unique VoIP technology and services offering that is unmatched in terms of voice quality and cost savings," said Mark Adolph. "VoX has a great story to tell to the financial community and I'm looking forward to working with them in the finance and operations arena to ensure their value proposition is clearly understood."
Jay Allen is the founder of CXO, a private collaborative organization with over 600 senior executives representing the leadership of almost 80 percent of the major corporations in the Rocky Mountain region. He has over 20 years' experience as a serial entrepreneur, strategic advisor and executive manager. Formerly, Allen served in various sales and business development roles for leading technology companies and was recently ranked by Colorado Company Magazine as the top networked executive in the region. Allen is an influencer among governments, private companies and large strategic corporations, and continues to oversee the deal flow and networking operations of various portfolios and the CXO enterprise. He received his bachelor of science in international marketing from Brigham Young University. He is also a managing partner of Collective IQ, US-Europe Enterprises of Colorado and Streamcraft International.
"VoX is well positioned with their advanced, nationwide VoIP network to have a significant impact on the industry. Their launch this year is well timed and their technology is leading edge," said Jay Allen. "I'm thrilled to join VoX at this critical phase in their growth, and look forward to working with them as they ready their marketing and business development plans for the next phase of growth."
About VoX Communications
Based in Celebration, Fla., 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 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 www.elec.net.
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, 2004 and Quarterly Report on Form 10-QSB for the period ending August 31, 2005, and any subsequent SEC filings.
