Bigbuk IDNW .027x.03,as they made .01 earnings per share and revenues up 282%.I am buying now at .03.
I do not see it at this price for long IMO.Read DD below.
(COMTEX) B: iDial Networks, Inc. Announces Record Q3 2002 Profit; Revenu
B: iDial Networks, Inc. Announces Record Q3 2002 Profit; Revenues Increase 282%
Over Prior Year Period
THE WOODLANDS, Texas, Nov 14, 2002 (BUSINESS WIRE) -- iDial Networks, Inc.
(OTCBB:IDNW) today reported that third quarter revenues increased 282 percent to
record $6,010,697 compared with the year-ago quarter of $1,573,821. The Company
reported a Q3 2002 net income of $997,201 or $0.01 per diluted share compared to
a net loss of ($264,666) or ($0.01) per diluted share in Q3 2002.
Highlights of the Third Quarter 2002 Include:
-- Eliminated Convertible Debt with single payment of $969,191 to
noteholder.
-- Won judgment canceling 17,949,499 shares of common stock
decreasing total number of outstanding shares by 14.4%.
-- Net Increase in Cash of $559,657 during first 9 months of FY
2002.
"While the telecommunications industry is in the midst of a very difficult
period, when some of the world's largest carriers are failing, we feel very good
about our prospects during these turbulent times." said Mark T. Wood, the
Company's Chairman and CEO.
Conference Call Info
The company also announced that a conference call will be held on Friday,
November 15, 2002 at 10:00 a.m. central time (11:00 a.m. eastern) to discuss the
Company's financial results for the quarter ending September 30, 2002.
What: iDial Networks, Inc. Earnings Release
When: Friday, Nov. 15 at 10:00 a.m. central time
How: Dial 888/238-1551 to access the call
Who: Mark T. Wood, Chairman and Chief Executive Officer;
Thomas J. Seifert, Chief Financial Officer
The Company has posted the filing on it's website at
idnw.com.
About iDial Networks, Inc.
iDial Networks, Inc., (http://www.idialnetworks.com/), is an application service
provider in leading communication technologies, provides a wide range of Voice
over Internet Protocol (VoIP) services, Internet-activated applications and
products that bring affordable telecommunications services to users around the
globe. The company is building a next generation VoIP and TDM network based on
carrier class technologies from Cisco Systems (Nasdaq:CSCO) and Microsoft
(Nasdaq:MSFT).
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.
CONTACT: iDial Networks, Inc.
Mark T. Wood, 281/465-3100 Ext. 120.
URL: businesswire.com
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