| DTI Initiates Service in Argentina
Los Angeles, California -Dial-Thru International Corporation (OTC BB: DTIX)
today announced that its network and switching facilities in Buenos,
Aires, the capital city of Argentina, are now operational and passing
international telecommunications traffic. The U.S. Department of Commerce
has reported that the telecommunications sector in Argentina became a $10
billion-a-year industry by the end of 1999, and is expected to gross $15
billion annually by 2001.
Juan Carlos Cardone, President of DTI Argentina, stated, "We have a large
customer base that has been anxiously waiting for DTI services. I am
pleased that we have reached this milestone within sixty days of opening
our office, and I am very excited about now being able to provide our
customers with communications tools like VoIP, ISP, ASP, Unified
Messaging, and other enhanced Internet telephony services."
Larry Vierra, Executive Vice President of DTIX, added, "Argentina's
relatively low rate of tele-density, which is less than half that of
Europe and the U.S., still leaves plenty of room for expansion. With this
kind of rapidly growing market, it's easy to see how even a small
penetration can be significant to our company. Argentina is very important
to our marketing strategy for Latin America and I am very proud of our
people for reaching this objective in such a condensed time frame. Latin
America will become a significant part of our international portfolio and
is expected to contribute greatly toward achieving our growth objectives."
Dial-Thru International Corporation, DTIX, is a facilities-based provider
of telecommunications products and services. The Company provides a
variety of international telecommunications services including
international dial-thru, re-origination, Internet fax services, e-Commerce
services, wholesale carrier services, and prepaid phone cards. The Company
is developing a private IP Telephony network and utilizes Voice over
Internet Protocol (VoIP) packetized voice technology and other compression
techniques to improve both cost and efficiencies of telecommunications
transmissions. The Company utilizes state-of-the-art digital fiber optic
cable, oceanic cable transmission facilities, international satellites and
the Internet to transport its communications.
DTIX selectively targets emerging international markets with demand for
services that can be derived from IP technologies. DTIX is establishing
partnerships in emerging Asian, African and South American markets to
build super-regional networks that link customers and provide high margin,
value-added services within these areas that will uniquely position the
Company for long-term growth.
DTIX is aggressively pursuing international partnerships and targeting the
corresponding segment that resides and transacts business in the U.S. DTIX
calls this approach the "Bookend" strategy, and is successfully executing
this strategy, giving it better access to higher margin business segments
and further improving margins through cooperative cost-sharing with
international partners. Finally, DTIX focuses on "owning" the customer
relationship through its direct billing and sales capabilities, giving the
Company better access and the ability to market a portfolio of enhanced
voice and data services to small and medium sized businesses.
This release contains forward-looking statements within the meaning of the
Securities Exchange Act of 1934, which represents the Company's
expectations or beliefs concerning, among other things, future operating
results and various components thereof and the adequacy of future
operations to provide sufficient liquidity. The Company cautions that such
matters necessarily involve significant risks and uncertainties that could
cause actual operating results and liquidity needs to differ materially
from such statements, including, without limitation: (i) increased
competition in the telecommunications business, (ii) the price-sensitive
nature of consumer demand, (iii) the Company's dependence upon favorable
pricing from its carriers and suppliers and (iv) other risks indicated
herein and in filings with the Commission, including the Form 10-K for the
fiscal year ended October 31, 1999, which was filed on January 31, 2000
with the SEC. |