Khaled Meshaal, Syria-based politburo leader of Palestinian Islamic Resistance Movement (Hamas), Saturday hailed Hamas' victory in the Palestinian parliamentary election as an embodiment of democracy.Meshaal, living in exile in Syria, made the remarks at a press conference one day after it won the Jan. 25 Palestinian parliamentary elections.

Recognized as the leader of Hamas, Meshaal makes the decisions about Hamas policy in consultation with West Bank and Gaza leaders as well as others in Damascus.

Describing Hamas' election victory as an earthquake, the Hamas leader told the reporters that the election embodied the political wills of the Palestinian people and its process was completely democratic.

According to an official announcement on Thursday, Hamas won 76seats out of a total of 132 parliament seats up for grabs in the Palestinian parliamentary elections, defeating the ruling Fatah movement led by Palestinian leader Mahmud Abbas.

Abbas has authorized Hamas to form the next government.Meshaal stressed that the future government will also be formed under the wills of the Palestinian people, not the wills of the U.S. government.

U.S. President George W. Bush on Friday warned of termination of U.S. aid to the Palestinians if the Islamic militant group does not dissolve its armed wing and renounce violence against Israel."Those who are counting on our defeat are wrong. We have succeeded in the resistance and we will succeed in politics,reforms and change," Meshaal said.

The Hamas leader, however, did not rule out the possibility of a dialogue with the United States, saying that Hamas is willing to open dialogue with Washington if Palestinian sovereignty is fully respected.

Meshaal asserted that Hamas would set up a comprehensive political system on the basis of freedom and democracy.Hamas was preparing to set up a more fair and just legal system,make reforms in the security institutions to reduce turbulences and was resolved to develop the economy, said Meshaal, itemizing the measures Hamas would take in its reform efforts.