| DTI Executives Invest More Than $1 Million
LOS ANGELES--(BUSINESS WIRE)--Oct. 24, 2001--Dial-Thru International
Corporation (OTC BB: DTIX) senior management team has invested more
than $1 million to reinforce its commitment to the success of their
business plan, John Jenkins, Dial-Thru's president and CEO announced
today.
Management decided to invest $1 million in working capital to assure
the company reaches positive cash flow within the next fiscal year and
ensure funds are readily available for the continued growth of the
business, according to Jenkins.
"Our key executives, myself included, see this as an affirmation of
our total dedication to accomplish our main objective, which is,
bringing DTI to the forefront of global communications. In light of
the difficult market environment, we felt it appropriate to invest in
a company that is both a growth company and that is expected to
recognize positive cash flow almost immediately without the need to
raise additional funds,'' said Jenkins. "As we increasingly commit to
and invest in the future of this company, we further transition DTI to
fully capitalize on the enormous growth opportunities that have
resulted from our recent acquisition of Rapid Link.''
"The most notable aspect of this announcement, from a shareholder
perspective, is that these investments represent a significant
financial commitment on behalf of the management parties involved,''
said Fidler. "Allen Sciarillo, Dial-Thru's chief financial officer, is
new to the company, yet already has enough confidence in the company's
current prospects to commit a very substantial portion of his assets
to Dial-Thru.''
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
http://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 Oct.
31, 2000, which was filed on Jan. 29, 2001 with the SEC.
Contact:
Dial-Thru International Corporation
Investor Relations Karin D. Case, 813/264-8823 |