UNITED STATES ~~SECURITIES AND EXCHANGE COMMISSION~~

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-~~KCURRENT REPORT~~K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest reported) May ~~September 14~~19, ~~2007~~ 2008

IELEMENT CORPORATION

_______________________________________________

(Exact name of registrant as specified in its charter)

NEVADA 000-29331 76-0270295

NEVADA	000-29331	76-0270295
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

~~________________________________________________________________________~~P.O. Box 279, Lyndeborough, New Hampshire, 03082

(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

17194 Preston Road, Suite 102, PMB 341, Dallas, TX 75248

______________________________________________________________________

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (~~214~~603) ~~254~~654-~~3425~~ 2488

~~________________________________________________________________________~~ 17194 Preston Road, Suite 102, PMB 341, Dallas, TX 75248

(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 Instructions 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 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 13.02 Unregistered ~~Termination~~Sales of aEquity ~~Material Definitive Agreement.~~Securities

OnThe ~~September~~following ~~14,~~sets ~~2007~~forth ~~IElement~~certain ~~terminated~~sales ~~negotiations with Micro Data Systems. IElement and Micro Data Systems had previously entered into a letter~~ of ~~intent whereby~~unregistered ~~IElement~~securities ~~Corporation~~since ~~may have acquired Micro Data Systems in a merger transaction. IElement described~~ the ~~binding provisions of the Letter of Intent~~ inCompany's ~~its~~last ~~Form~~periodic ~~8-K filed on August 13, 2007, all of which provisions have expired by their own terms~~report.

~~Item~~On May 19, 2008 the Company issued a ~~5.02(b)~~total ~~Departure~~of 750,000 shares of ~~Directors~~its common stock to Susan Pursel, the Company’s Chief Executive Officer, as a bonus for services rendered. The shares were valued at $.01 per share or ~~Certain~~$7,500 ~~Officers;~~total ~~Election~~value. The ofshares ~~Directors;~~were ~~Appointment~~issued ofin ~~Certain~~reliance ~~Officers;~~on ~~Compensatory~~Section ~~Arrangements~~4(2) of ~~Certain Officers~~the Securities Act of 1933.

On September 14, 2007 Art Eckert was removed from the Board of Directors. Mr. Eckert was removed as a result of the termination of negotiations with Micro Data Systems regarding a potential merger transaction. Mr. Eckert was previously appointed to the Board of Directors as an advisor to Micro Data Systems and to assist in the due diligence process.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: ~~September~~ 17May 20, ~~2007~~2008 IELEMENT CORPORATION By: /s/ Susan Pursel Name: Susan Pursel Title: Chief Executive Officer

IELEMENT CORPORATION

By: /s/Ivan Zweig

Name: Ivan Zweig

Title: Chief Executive Officer

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