| DTI Opens
Service to Venezuela
Los Angeles, California -Dial-Thru International Corporation (OTC BB: DTIX)
today announced that its network and switching facilities in Caracas,
Venezuela are operational and passing international telecommunications
traffic. DTI Venezuela expects early penetration of this telecom market of
over 24 million people spending $2.5 billion on telecom products and
services.
"Since the opening of our offices in December, we have established
numerous relationships within the telecommunications community who are
eager to begin business with DTI," stated Carlos Borjas, President of DTI
Venezuela. "DTI's unique approach of targeting small to medium size
businesses with demand for services that can be derived from IP
technologies builds customer loyalty and better margins. We will start
with Internet access, international faxing and other data services, and
expand to include VoIP, Unified Messaging, and other enhanced Internet
telephony services very soon."
Larry Vierra, Executive Vice President of DTIX, added, "We recently
announced the initiation of services in Argentina, and now with our
Venezuelan link up and running, we have two key parts of our Latin
American strategy in place. These two countries together represent a
market of almost $10 billion annually. More importantly, by establishing a
presence here, we are well positioned to participate in the over $50
billion Latin American market. A market that has low telecom penetration,
and is expected to continue to provide excellent growth opportunities for
the foreseeable future."
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 (VoIP) other compression techniques
to improve both cost and efficiencies of telecommunications transmissions.
DTIX 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, 1999, which was filed on January 31, 2000
with the SEC. |