DTI Negotiates Extension on Convertible Debenture LOS ANGELES--(BUSINESS WIRE)--Feb. 18, 2003--Dial Thru International (OTCBB:DTIX - News) today announced that it has negotiated an extension on the Company's 6% convertible debenture with GCA Strategic Investment Fund Limited ("GCA"), in the principal amount of $550,000, from its original due date of January 28, 2003 to November 8, 2004. "The extension of this obligation is further testament to GCA's belief in what we have accomplished at Dial Thru thus far, as well as our prospects for future growth. This extension allows us to focus on growing our core business without having to work on any short term funding that would distract from our attention to Company operations," said John Jenkins, Chief Executive Officer of Dial Thru. "Dial Thru has shown tremendous growth, and we believe that management has the Company headed in the right direction. We feel very comfortable with a long term relationship with Dial Thru, and believe this extension is tantamount to our belief in the Company and management," said Brad Thompson, Chief Investment Officer of GCA. Dial Thru International Corporation is a facilities-based provider of telecommunications products and services, including international dial-thru, re-origination, Internet fax, e-Commerce, ISP, ASP, Unified Messaging, phone card products, and other enhanced Internet telephony services. The Company is developing a private IP Telephony network and utilizes Voice over Internet Protocol and other compression techniques to improve both cost and efficiencies of telecommunications transmissions. Dial Thru selectively targets emerging international markets with demand for services that can be derived from IP technologies. 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, 2002, which was filed on January 29, 2003 with the SEC. Contact: Dial Thru International Corporation Allen Sciarillo, 310/566-1700