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Verizon Wins Wholesale Customer

Signs long-term, multi-state commercial agreement for wholesale services with New Rochelle Telephone

March 2, 2005

2 Min Read

WHITE PLAINS, N.Y. -- New Rochelle Telephone Corp., a wholly owned subsidiary of eLEC Communications Corp. (OTCBB:ELEC), a CLEC and integrated packet communications service provider, today announced the signing of a long-term, multi-state wholesale service agreement with Verizon that will replace New Rochelle's existing wholesale network leasing arrangement known as the Unbundled Network Elements Platform (UNE-P).

New Rochelle Telephone's wholesale advantage agreement with Verizon, which includes restructured pricing and a number of high-value services not offered under the previous government-mandated UNE-P plan, provides New Rochelle Telephone with the continued availability of wholesale services through at least December 2009. New Rochelle Telephone has been a purchaser of Verizon's wholesale services under the UNE-P service offering for more than three years. New Rochelle Telephone has always served all of its customers under the UNE-P service offering and will now be able to continue to service its customers under the Wholesale Advantage Program with Verizon.

"We are extremely pleased with our new wholesale service agreement with Verizon," said Paul Riss, New Rochelle Telephone's CEO. "This agreement removes the regulatory uncertainty of our core business and gives us the ability to continue our rapid growth in providing local access services. We can now move forward without the distraction of UNE-P regulatory developments because our new agreement with Verizon provides us full access to the same features and functionalities that we have always relied on to provide service to our customers. With our new advantage wholesale agreement and the additional working capital we raised in February, we have the tools to move forward with the provisioning of new customers in the Verizon territory, and to continue to gain market share and profitable lines in the coming months."

Verizon Communications Inc.

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