SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report: November 27, 2007
(Date of earliest event reported)
eLEC COMMUNICATIONS CORP.
(Exact name of Registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)

0-4465		13-2511270
(Commission File No.)		(I.R.S. Employer
		Identification No.)

75 South Broadway, Suite 302

White Plains, New York 10601

(Address of principal executive offices; zip code)

(914) 682-0214

(Registrant’s telephone number, including area code)

N/A

(Former Name or Former Address, if changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction A.2.
below):
		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
		Pre-commencement communications pursuant to Rule 14-2(b) under the Exchange Act (17
		CFR 240.14d-2(b))
		Pre-commencement communications pursuant to Rule 13-4(e) under the Exchange Act (17
		CFR 240.13e-4(c))

---

Item 7.01.    Regulation FD Disclosure

On November 27, 2007, we posted on our website a presentation of our strategy and

financial guidance for the upcoming fiscal years, including the timing of our proposed name

change of the Company to Pervasip Corp., which was approved at our last shareholders’ meeting.

The presentation is available on our website, www.pervasip.com.

The information contained herein and in the accompanying exhibit is being furnished

pursuant to "Item 7.01 Regulation FD." The information contained herein and in the

accompanying exhibit shall not be incorporated by reference into any of our filings with the

Securities and Exchange Commission (“SEC”), whether made before or after the date hereof,

regardless of any general incorporation language in such filing, unless expressly incorporated by

specific reference to such filing. The information in this report, including the exhibit hereto, shall

not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as

amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the

Securities Act of 1933, as amended.

SAFE HARBOR STATEMENT

The information contained in this Current Report on Form 8-K (including the exhibit

hereto) should be read in conjunction with our filings made with the Securities and Exchange

Commission. This Current Report on Form 8-K (including the exhibit hereto) contains “forward-

looking statements” within the meaning of the federal securities laws. These forward-looking

statements are intended to qualify for the safe harbor from liability established by the Private

Securities Litigation Reform Act of 1995. Forward-looking statements are those that do not relate

solely to historical fact. They include, but are not limited to, any statement that may predict,

forecast, indicate or imply future results, performance, achievements or events. Words such as,

but not limited to, “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “targets,”

“projects,” “likely,” “will,” “would,” “could” and similar expressions or phrases identify

forward-looking statements.

All forward-looking statements involve risk and uncertainties. The occurrence of the

events described, and the achievement of the expected results, depend on many events, some or

all of which are not predictable or within our control. Actual results may differ materially from

expected results.

In light of these risks and uncertainties, expected results or other anticipated events or

circumstances discussed in this Current Report on Form 8-K might not occur. We undertake no

obligation, and specifically decline any obligation, to publicly update or revise any forward-

looking statements, whether as a result of new information, future events or otherwise.

See the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal

year ended November 30, 2006 as filed with the SEC for a more complete discussion of these

risks and uncertainties and for other risks and uncertainties. Those factors and the other risk

factors described therein are not necessarily all of the important factors that could cause actual

results or developments to differ materially from those expressed in any of our forward-looking

statements. Other unknown or unpredictable factors also could harm our results. Consequently,

---

there can be no assurance that actual results or developments anticipated by us will be realized
or, even if substantially realized, that they will have the expected consequences to, or effects on,
us. Given these uncertainties, prospective investors are cautioned not to place undue reliance on
such forward-looking statements.
NON-GAAP FINANCIAL MEASURES
Item 7.01 of this Current Report on Form 8-K includes the financial measure operating
cash flow, which is a non-GAAP financial measure. Operating cash flow, as it is used in this
document, is meant to be net income plus net interest expense, income taxes, depreciation and
amortization. Operating cash flow is not a recognized term under GAAP and does not purport to
be an alternative to operating income as a measure of operating performance as it does not
consider certain cash requirements, such as dividend payments and debt service requirements.
Because all companies do not use identical calculations, the presentation of operating cash flow
may not be comparable to other similarly titled measures of other companies.
Item 9.01    Financial Statements and Exhibits.
(d)		Exhibits.
99.1   Financial Guidance Presentation
2

---

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
		eLEC COMMUNICATIONS CORP.
Date: November 27, 2007		By:		/s/ Paul H. Riss
				Paul H. Riss
				Chief Executive Officer
3

---