OTCDD

[Mr. Ed]

iDial Networks, Inc. Announces Record Q3 2002 Profit
Thursday November 14, 4:11 pm ET
Revenues Increase 282% Over Prior Year Period


THE WOODLANDS, Texas--(BUSINESS WIRE)--Nov. 14, 2002--iDial Networks, Inc. (OTCBB:IDNW - News) today reported that third quarter revenues increased 282 percent to record $6,010,697 compared with the year-ago quarter of $1,573,821. The Company reported a Q3 2002 net income of $997,201 or $0.01 per diluted share compared to a net loss of ($264,666) or ($0.01) per diluted share in Q3 2002.
Highlights of the Third Quarter 2002 Include:

Eliminated Convertible Debt with single payment of $969,191 to noteholder.
Won judgment canceling 17,949,499 shares of common stock decreasing total number of outstanding shares by 14.4%.
Net Increase in Cash of $559,657 during first 9 months of FY 2002.
"While the telecommunications industry is in the midst of a very difficult period, when some of the world's largest carriers are failing, we feel very good about our prospects during these turbulent times." said Mark T. Wood, the Company's Chairman and CEO.

Conference Call Info

The company also announced that a conference call will be held on Friday, November 15, 2002 at 10:00 a.m. central time (11:00 a.m. eastern) to discuss the Company's financial results for the quarter ending September 30, 2002.

-0-

What: iDial Networks, Inc. Earnings Release

When: Friday, Nov. 15 at 10:00 a.m. central time

How: Dial 888/238-1551 to access the call

Who: Mark T. Wood, Chairman and Chief Executive Officer;
Thomas J. Seifert, Chief Financial Officer


The Company has posted the filing on it's website at http://www.idnw.com/investor/investor.htm.

About iDial Networks, Inc.

iDial Networks, Inc., (http://www.idialnetworks.com/), is an application service provider in leading communication technologies, provides a wide range of Voice over Internet Protocol (VoIP) services, Internet-activated applications and products that bring affordable telecommunications services to users around the globe. The company is building a next generation VoIP and TDM network based on carrier class technologies from Cisco Systems (Nasdaq:CSCO - News) and Microsoft (Nasdaq:MSFT - News).

Safe Harbor for Forward-Looking Statements:

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Reform act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price, volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.



--------------------------------------------------------------------------------
Contact:
iDial Networks, Inc.
Mark T. Wood, 281/465-3100 Ext. 120.