iDial Networks Named One of Texas Crescent's Fastest Growing Technology Companies in Deloitte & Touche Technology Fast 50 Program
THE WOODLANDS, Texas--(BUSINESS WIRE)--Oct. 2, 2003--iDial Networks (OTCBB:IDNW) thas been named to Deloitte & Touche's prestigious Technology Fast 50 Program for Texas, a ranking of the 50 fastest growing technology companies in Austin, Dallas-Fort Worth Metroplex, Houston and San Antonio by Deloitte & Touche LLP, one of the nation's leading professional services firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1998-2002.
"iDial Networks is honored to be named to Deloitte & Touche's prestigious Technology Fast 50 Program for Texas," said Mark T. Wood, Chairman and CEO of iDial Networks. "We have successfully differentiated ourselves through developing our network capabilities and cost structures to provide new and innovative services in ways our competitors have not matched. "
iDial Network's increase in revenues of 2,105 percent from 1998 to 2002 resulted in a number 12 ranking overall in the Fast 50 for Texas.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
About iDial Networks
iDial Networks is one of the top ten U.S. service providers of outbound traffic to Latin America and counts among its customers more than 30 Tier 1 and Tier 2 carriers. iDial Networks provides international voice, data, fax and Internet services on a wholesale basis over a private IP network to international carriers and other communication service providers in the United States and internationally. iDial Networks state-of-the-art IP network, utilizing the convergence of voice and data networking, offers customers economical pricing, global reach and an intelligent platform that guarantees fast delivery of value added services and applications.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.deloitte.com/us.
CONTACT:
iDial Networks, The Woodlands
Mark T. Wood, 281-465-3100
investors@idnw.com
.......According to the Great Pumpkin, ".....You're in .....iHub....., Charlie Brown....."!!!
.......According to the Great Pumpkin, ".....You're in .....iHub....., Charlie Brown....."!!!
