LOS ANGELES--(BUSINESS WIRE)--Oct. 2, 2001--Dial-Thru International Corporation (OTCBB:DTIX - news) signed a definitive agreement with Rapid Link Inc. to acquire assets, customer base and international Voice over Internet Protocol (VoIP) network along with a superb technical staff, John Jenkins, Dial-Thru's Chief Executive Officer, announced today.

Rapid Link is a leading provider of high quality integrated data and voice communications, utilizing its state of the art Voice over Internet Protocol (VoIP) network to service its customers' needs.

"We believe the acquisition will result in consolidated revenues in excess of $2 million per month, accelerate the expansion of our VoIP network, and help us achieve our ultimate goal of positive cash flow from operations,'' stated Jenkins. "Rapid Link has successfully deployed one of the most sophisticated international VoIP networks, built largely with Clarent equipment. This network will allow us to significantly expand our retail telecommunications services throughout the world.''

Rapid Link derives significant revenue from its retail customer base in Europe and Asia, and to a lesser extent wholesale customers in the United States. In addition, Rapid Link has a wholly-owned subsidiary in Germany, providing long distance service to a growing customer base of small to medium sized enterprises.

"I want to thank our current customers for their business, and express how pleased I am that they will continue to receive the same high quality services from the new company. I am particularly pleased that the management of Dial-Thru applies the same high standards to its business, and believe the synergies and strengths of the combined company will allow for significant growth opportunities,'' said David Hess, Chief Executive Officer of Rapid Link.

"Dial-Thru will now benefit from Rapid Link's competitive advantage over other U.S. carriers by avoiding high cost long haul fiber routes through the use of sophisticated high-speed Internet connections that have the capabilities to both originate and terminate calls internationally. In addition, this acquisition gives us an industry-leading engineering staff,'' said Jenkins.

Dial-Thru recently reported an 83% increase in its revenues for the quarter ended July 31, 2001.

The purchase price includes the issuance of 600,000 shares of Dial Thru common stock, and a cash payment of approximately $2,000,000. The transaction is subject to the completion of appropriate financing.

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 has developed a private IP Telephony network and utilizes Voice over Internet Protocol (VoIP) 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. For more information visit the company website at www.dialthru.com. For investor information call 813/264-8823.

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, 2000, which was filed on January 29, 2001 with the SEC.


Contact:
Dial-Thru International Corporation
Investor Relations Karin D. Case, 813/264-8823