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iDial Networks, Inc. Reports 200% Sales Increase in 2003
Tuesday April 1, 9:05 am ET


THE WOODLANDS, Texas--(BUSINESS WIRE)--April 1, 2003--iDial Networks, Inc. (OTCBB:IDNW - News) today reported results for the fourth quarter and the year ended December 31, 2002. Total revenues for continuing operations for the year ended December 31, 2002 were $11.5 million, compared with $3.8 million (+200%) for the year ended December 31, 2001. The net loss for continuing operations for the year was $519,478, or diluted EPS ($0.01), compared with a net loss of $1,894,349 (-72%), or diluted EPS ($0.02), for the same period in 2001.
Mark T. Wood, Chairman and Chief Executive Officer of iDial Networks, Inc., commented, "Despite the downturn in the economy and the telecommunications segment in particular, we view our 2002 results as extremely positive highlighted by a 200% sales increase and a 72% reduction in our net loss. In addition, during FY 2002 we achieved the following:

Expanded our Cisco based network infrastructure to over 60,000,000 minutes per month billable capacity;
Completed network expansion in Los Angeles and New York POP's;
Launched new retail products targeting wireless and Asian markets;
Created new wholesale division focusing on quality, VOIP carrier termination services
Significantly improved customer service and billing operations through introduction of new internally developed web based MIS, Agent and Billing systems."
"Looking ahead to 2003, while economic conditions remain uncertain, we have a number of initiatives in place to help drive sales growth. Our Cisco based VoIP network along with our new SIP technology provides the perfect foundation for our new suite of products and services. In addition to our current product offerings, we will enter the IP Dialtone, Conference Calling and Device to Phone markets in Q2 of this year. These new products and services will:

Provide customers the functionality of a traditional telephone, plus value-added features, at a fraction of the price of conventional telephony services;
Provide inbound calling with a US based phone number to any IP device such as a Cisco ATA 186 or PC subscribing to our network;
Provide the first worldwide flat rate unlimited service plan based on US phone numbers for subscribers to our services worldwide;
Launch new IP hardware and software designed to self configure to our network ("IP Connect and Call") with dialup and broadband internet services worldwide;
Target partnerships worldwide with ISP's and cable companies to deliver custom branded solutions;
Offer easy to use web based and dial in conference calling systems for conference calls less than 25 people;
Provide the first IP device to phone 300 minute from the US to anywhere in the world phone card for $10."
"One of the beauties of our SIP based VoIP Network is that we can leverage existing IP networks and infrastructure for our new global product offerings. This allows us to enter newly liberalized markets worldwide with an array of retail VoIP products and services without investing a great deal in cap ex. Our new retail product offerings, whether directly or via a reseller, enable us to provide an added value on top of pure VoIP minutes, which would otherwise be commoditized and deliver higher margins than we have traditionally obtained," said Mark T. Wood.

The company announced the beta launch of its new service portal, www.idialdirect.com and invites all interested parties to explore our new products. A Powerpoint presentation may be downloaded from the companies web site at www.idnw.com providing a more detailed outline of the companies business plan for 2003 after the scheduled conference call today.

For further detailed information, please read the Company's Audited Annual Report (10K-SB) which was filed with the Securities and Exchange Commission March 31, 2003.

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 has built a next generation VoIP and TDM network based on carrier class technologies from Cisco Systems (Nasdaq:CSCO - News) and Microsoft (Nasdaq:MSFT - News) employing newly developed SIP technologies.