FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * KONINKLIJKE KPN N V   2. Issuer Name and Ticker or Trading Symbol EMVELCO CORP. [EMVL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) MAANPLEIN 55 3. Date of Earliest Transaction (Month/Day/Year) 01/26/2007 (Street) THE HAGUE, P7 2516 CK 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 01/26/2007   S   781,006 D $ 3.45 (1) 820,399 I (2) See Footnote (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KONINKLIJKE KPN N V MAANPLEIN 55 THE HAGUE, P7 2516 CK		X
KPN TELECOM BV MAANPLEIN 55 THE HAGUE, P7 2516 CK		X

Signatures

/s/ MICHIEL ROOVERS FOR KONINKLIJKE KPN N.V., BY POWER OF ATTORNEY		01/26/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	KPN TELECOM B.V. ALSO RECEIVED A PREMIUM PAYMENT WITH RESPECT TO BOTH THE SHARES DISPOSED OF IN THE REPORTED TRANSACTION AND THE SHARES BENEFICIALLY OWNED BY THE REPORTING PERSONS FOLLOWING THE REPORTED TRANSACTION (WHICH, AS PREVIOUSLY DISCLOSED, THE REPORTING PERSONS HAVE ALSO AGREED TO SELL TO THE SAME PURCHASER) (TOGETHER, 1,601,405 SHARES) IN THE AMOUNT OF $305,529 (OR $0.19 PER SHARE).
(2)	THESE SHARES ARE OWNED DIRECTLY BY KPN TELECOM B.V., WHICH IS A WHOLLY OWNED SUBSIDIARY OF KONINKLIJKE KPN N.V. KONINKLIJKE KPN N.V. IS INDIRECT BENEFICIAL OWNER OF THE REPORTED SECURITIES.
Remarks: EXHIBIT LIST EXHIBIT 24 - POWER OF ATTORNEY EXHIBIT 99 - JOINT FILER INFORMATION

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