Here's the beginning of a whole bunch of good news...am way long on this one :)
COMTEX) B: iDial Networks Names New President and Chief Executive Of
B: iDial Networks Names New President and Chief Executive Officer
DALLAS, Feb 24, 2000 (BUSINESS WIRE) -- Mark T. Wood, Chairman of
iDial Networks, Inc. (OTCBB:IDNW) today announced the appointment of
George V. Stein as the company's new President and Chief Executive
Officer.
Mr. Stein is a 30-year veteran of the cable and telecommunications
industry, recognized as one of the top 100 most influential executives
in 1998 by CableFax Magazine. He was Co-founder of ENCORE MEDIA
CORPORATION, a Liberty Media Group company (NYSE:LMG) that serves in
excess of 50 million subscribers with its programming services, which
include ENCORE and STARZ. Most recently, he was the Founder and Chief
Executive Officer of HALLMARK ENTERTAINMENT NETWORKS INC., a HALLMARK
CARDS company. Re-named Crown Media Holdings, Inc., the company has
filed an S-1 registration and will become a billion dollar cap company
upon completion of its underwriting, led by Donaldson, Lufkin &
Jenrette Securities. Under Mr. Stein's helm, the company served nearly
20 million subscribers in over 60 countries and is now majority owner
in conjunction with The Jim Henson Company of the Odyssey Channel.
A Wharton MBA with brand management experience at Procter and Gamble,
Mr. Stein brings a unique combination of marketing and financial skills
to the Voice over Internet Protocol (VoIP) industry, an area of
exponential growth which, Ovum Research predicts, will skyrocket to
over $60 billion in revenues by 2005. iDial Networks, Inc. has
developed several dynamic products that are ideally suited for the
cable television, business to business and eGreeting industries. Mr.
Stein will use his extensive relationships in the global business arena
to position iDial Networks, Inc. as a leading provider of VoIP products
and services, said Wood.
About iDial Networks, Inc.
iDial Networks, Inc., www.idialnetworks.com, provides a wide range of
Internet-activated applications and tools that bring affordable
telecommunications services to users around the globe. In addition to
traditional long distance, calling cards, and prepaid debit cards, this
technology, known in the industry as Voice over Internet Protocol
(VoIP), is an efficient and more economical method of voice and data
transmission. Headquartered in Dallas, Texas, the company has a
software development, Board of Investment approved subsidiary in
Colombo, Sri Lanka, and is expanding its global presence with the
deployment of its VoIP network.
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in
this news 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.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: iDial Networks Inc., Dallas
Kevin E. Wright, 972/818-1058 ext. 105
WEB PAGE: businesswire.com
GEOGRAPHY: TEXAS
INDUSTRY CODE: CABLE
TELEVISION/RADIO
TELECOMMUNICATIONS
COMPUTERS/ELECTRONICS
NETWORKING
MANAGEMENT
CHANGES
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