DSAC...name change!!
Friday January 14, 9:16 am Eastern Time
Company Press Release
Desert Springs Acquisition Corp. Announces Name Change to iDial Networks Inc.
DALLAS--(BUSINESS WIRE)--Jan. 14, 2000--Mark T. Wood, President of Desert Springs Acquisition Corp. (OTCBB:DSAC - news), Thursday announced that the Company has changed its name to iDial Network Inc. pursuant to a previously announced Plan of Reorganization and Acquisition.
The NASD has informed the Company that upon the opening of business on January 14, 2000, that the Company's stock will trade on the OTCBB under the symbol ''IDNW.''
As a result of this Plan of Reorganization and Acquisition, the firm will operate within the VolP market which includes Net2Phone (NASDAQ:NTOP - news), Delta Three (NASDAQ:DDDC - news) and Gric Communications (NASDAQ:GRIC - news). Operating as iDial Networks Inc., the company will provide voice and data solutions capitalizing on the efficiencies of the Internet. The Company provides enhanced products and services to individuals and commercial customers domestically and internationally through the advanced functionality of its global network.
In addition to its Dallas headquarters, the company has offices in Denver, CO; Los Angeles, CA; Colombo, Sri Lanka, and Paris, France.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price, volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.
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Contact:
Tre Vega, 972/818-1058 Ext. 300
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