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US Wireless Ends Sale

US Wireless Online sells 50.1% ownership stake to Sutioc Enterprises

January 2, 2007

1 Min Read

LOUISVILLE, Ky. -- US Wireless Online (PinkSheets:UWRL), one of the nation's largest wireless broadband networkoperators, announced today that it has completed the sale of a 50.1%ownership stake to Sutioc Enterprises, Inc.

In conjunction with the transaction, which closed on December 27, 2006,Sutioc has entered into an agreement with IElement Corporation, Inc.(OTCBB:IELM) (Frankfurt:SZQ1) or (Frankfurt:IELM) whereby IElement willprovide certain management and support services to US Wireless. As part ofthe agreement, IElement will provide out sourced customer service, technicalsupport, network management, accounting, billing and collection services aswell as act as an advisor to US Wireless'current management team. IElement is a nationwide provider of advancedcommunication services and Voice over Internet Protocol (VoIP) solutionswith a network presence in 18 major markets in the United States, includingfacilities in Los Angeles, Dallas and Chicago.

IElement Inc.

US Wireless Online

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