IDNW - Company Press Release
iDial Networks Opens New Asian Market for Internet Telephony
DALLAS--(BUSINESS WIRE)--March 14, 2000--iDial Networks, Inc. (OTCBB:IDNW - news), a fast growing Voice over Internet Protocol (VoIP) Communications company announced the initiation of Voice over Internet Protocol (VoIP) service to Laos. VoIP is becoming increasingly popular as an alternative to traditional telephony. According to International Data Corporation, voice minutes transmitted over Internet-based networks are expected to increase from 300 million minutes in 1998 to 135 billion minutes in 2004. The continued expansion of iDial's VoIP network allows the company to quickly grow into new markets and provide iDial's own brand of unique products and services for this rapidly growing market segment.
Mark T. Wood, Chairman of iDial Networks, Inc. stated, ``Our expansion into new markets is on track, and in line with our business plan. We are encouraged by the positive acceptance and comments from our customers to the quality of our VoIP network based carrier class technologies from Cisco Systems (Nasdaq:CSCO - news), SUN Microsystems (Nasdaq:SUNW - news), and Oracle (Nasdaq:ORCL - news).'
About iDial Networks, Inc.
iDial Networks Inc. (www.idialnetworks.com) provides a wide range of Internet-activated applications and tools including traditional long distance, calling cards, and prepaid debit cards to the global marketplace. Operating within the Voice over Internet Protocol (VoIP) industry with Net2Phone (Nasdaq:NTOP - news), Gric Communications (Nasdaq:GRIC - news), DeltaThree (Nasdaq:DDDC - news) and iBasis Inc. (Nasdaq:IBAS - news), iDial is expanding its VoIP Network to accommodate its rapid growth into this more efficient and thus economical method of voice and data transmission. With headquarters in Dallas, the company has a software development, Board of Investment approved subsidiary in Colombo, Sri Lanka.
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.
ALSO OUT TODAY: :o)
COMTEX) B: Capital Research Group Inc. Update On iDialNetworks.com I
B: Capital Research Group Inc. Update On iDialNetworks.com Inc.
WESTON, FL, Mar 15, 2000 (INTERNET WIRE via COMTEX) -- Capital
Research Group Inc. Update on iDialNetworks.com Inc. (OTCBB: IDNW) with
a short term target price of $12.00 per share.
iDial Networks Inc. (OTCBB: IDNW) is currently on track with its
business plan by expanding into the Asian markets.
IDNW is constantly getting great comments from their customers
pertaining to the quality of our VoIP network based carrier class
technologies from Cisco Systems (NASDAQ: CSCO), SUN Microsystems
(NASDAQ: SUNW), and Oracle (NASDAQ: ORCL).
iDial Networks will take advantage of enhanced services capabilities
provided by SynapSys, a Cisco New World Ecosystem voice applications
partner, to deliver a variety of innovative voice applications over
Cisco's infrastructure.
Utilizing SynapSys' NUCLEUS Enhanced Services Platform, iDial will roll
out multi-lingual pre- paid and post-paid services in four cities, and
quickly expand to 22 additional cities during the next six months.
IDNW had $1.7 million in revenues for 1999, and is planning to do $4 ?
5 million in this highly explosive Voice over Internet Protocol (VOIP)
in 2000.
The company is moving to the voice over internet protocol and some of
their products include: NetPhoneCard, NetConferenceCall.com,
PhoneMeNow.com, SendaCall.com, CallPhoneCard.com, CheapPhoneCard.com,
and Virtual Secretary.
With the company moving aggressively into a soon to be $60 billion
industry, CRG feels that IDNW is a very undervalued stock trading at
around the $4.00 range. CRG feels that IDNW will be trading around the
$12.00+ range in the short term.
9278 Communications, Inc. (OTCBB: NTSE), Signed a LOI to acquire SDI
Adding $40 million in annual revenues
Afull profile can be found at: wallstreetswami.com The
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All material herein was prepared by Capital Research Group Inc. (CRG)
based upon information supplied by the company or other sources
believed to be reliable. The information contained herein is not
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all-inclusive. The companies that are discussed in this report, have
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Copyright 2000 Internet Wire, All rights reserved.
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CONTACT: Charles T Tamburello
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Capital Research Group Inc.
954-217-9555
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