Due Diligence

[Mapleton]

DD IDNW UPDATED 4/30/01


Condenced postes by Biffster1 $$$$,BrimFire $$$,Jerome..Jackson $$$$,brazentrader $$$,floridascott $$$$, arabianfrancine $$$$,Dukem1999,Others

Latest news pr's
http://www.idialnetworks.com/latest_news.html


http://www.idialnetworks.com/

http://www.whoofnet.com/

http://www.2sendit.com/List_Info/30000.htm

http://www.eqres.com

http://www.idialnetworks.com/tree_whoofnet.html

http://affiliates.idialnetworks.com/login.asp

http://wap.netphonecard.com/home.asp

http://www.otcbbnn.com/news500.htm

http://www.idialmusic.com/

http://www.idialhealth.com/

http://www.idialadvantage.com/

http://www.netphonecard.com/agent.asp

Featured on pick site Irishbull 4/14/01
http://www.finitesite.com/irishbull

profile link
http://thesubway.stockpoint.com/Thesubway/quote.asp?symbol=IDNW&page=COMPANY_PROFILE

http://news.tucows.com/pdanews/palm/26472.html

http://www.stockwire.com/Stockwire/BreakingNews/IDNW/000508idnw.htm

http://www.freeedgar.com/search/FilingsResults.asp?SourcePage=CompanyList&CIK=810932&UseFram...

http://www.freeedgar.com/search/ViewFilings.asp?CIK=810932&Directory=1104540&Year=01&SEC...

from: Looknforchange post 3137
Interview with the Mark Wood

http://www.executiveinterview.com/

By: rhogan $$$$
Reply To: None Thursday, 26 Apr 2001 at 11:06 AM EDT
Post # of 4154-55


The first of two recent E-mail from the company, the second is a HUMDINGER. Here is NO. 1:

Carl - Time also creates debt and so, getting the word out is imperative. I
am not trying to be negative here, just inquisitive. Are you expecting this
thing to take off by word of mouth or are you actually persuing large
businesses which have many employees who would use the cards. Get the
information into the HR offices of many of the major corporations of the US
as a something the company is offering as a good service to their employees.
What is the feedback from customers so far? Once someone has become a
customer, do you get their repeat business and what incentives do you have
to keep them in the fold as a base and add to it with new customers? Again
thanks for your time, and I don't mean to be a pest, but I do see tremendous
potential here and since I don't know you too well, other than the PR and
finlings and such, I am trying to grasp why the SP is so low with this low
float, good revenues and huge potential. I mean, if and when this takes
off, you could very well be NASDAQ bound or AMEX. Are you considering this?
Again thanks for your time and take care. Ron

Dear Mr Hogan,

We are getting the word out, but it must be done at a pace that the company
can handle. To many companies run before they can walk and then every thing
goes to ####. At this point we must ensure that we build long term clients
that are happy with the service. As we start to build a better cash flow we
can then speed up the amount of clients we put onto the system.

As a board we are looking to take the company as far as we can. This would
include looking at a bigger board.

best wishes

Carl Battie
Vice Chairman
iDial Networks Inc

Here the capper, No. 2:

Carl - Good answer. Do you have a time table for growth or are you playing
it by ear, so to speak? In other words, when do you expect to be big enough
to consider another board? I know, I ask the same question many different
ways don't I. lol
Take care. Ron

Dear Mr Hogan,

We are planning for a 100% increase in clients every Quarter.

We are all very frustrated with what the MM's are doing at the moment, we have already taken a number of steps to combat this(sorry I cannot make public these steps at the moment), we have a number of other things we can do and we are doing them as fast as we can. The board is fully committed to getting the company onto a bigger board as SOON AS POSSIBLE(again I cannot make these plans public just yet)

Best wishes

Carl Battie
Vice Chairman
iDial Networks Inc


By: BrimFire $$$
Post # of 2776,77,78,79,80,81-2819,20

IDNW 10KSB #1
I have attempted to summarize pertinent aspects of their 10KSB in a number of posts.

Historical Info

Originally WoodComm LLC May 1997
reorganized to WoodComm International, Inc. April 1999
acquired by Desert Springs December 1999
merger of iDial Networks and Desert Springs January 2000
incorporated in Nevada

Acquisitions:

Acquired Whoofnet.com August 2000
(Whoofnet has since formed 6 US subsidiaries incorporated in Delaware and 2 foreign subsidiaries)

Acquired 2sendit.com November 2000
2sendit.com

This is a fax messaging service.
2sendit is currently researching the possibility of merging with compeitors as a method of growing the business.
Business

Internet Telephony

Sells prepaid calling cards via their website and traditional retail outlets. Those purchased through the internet are "virtual" cards. They can be used within the US and also worldwide. Access to more than 241 countries and territories. All calls are phone-to phone.
To initiate a call within the US you simply input a PIN number. The rates are cheaper than conventional rates because

" Emergence of Internet Telephony. Internet telephony has emerged as a low
cost alternative to traditional long distance telephony. Internet telephone
calls are less expensive than traditional international long distance calls
primarily because these calls are routed over the Internet or through data
networks. The use of the Internet bypasses a significant portion of
international long distance networks and the relevant tariffs. Also, routing
calls over the Internet is more cost-effective than routing calls over
traditional circuit-switched networks, because the packet-switching technology
that enables Internet telephony is more efficient than traditional
circuit-switched voice technology. Packet-based networks, unlike circuit-based
networks, do not require a fixed amount of bandwidth to be reserved for each
call. This allows voice and data calls to be pooled, which means that pocket
networks can carry more calls with the same amount of bandwidth. This greater
efficiency creates network cost savings that can be passed on to the consumer in
the form of lower long distance rates."

Outside the US you have to access their website to make a call but here is the advantage

"From our website, these features allow customers to
make calls from anywhere in the world at our international United States long distance rates using the virtual calling card and Internet access to our website and platform."

Anyone who has traveled outside the US will know how expensive it is to make a call to the US by conventional methods. From personal experience most regular phone calling cards e.g. Sprint just simply do not work abroad even though these companies claim that they do.


" We have integrated the economics of VoIP technology with the convenience of
conventional telephony to enable web initiated telephone services. With this
iDial technology, we are able to offer consumers and businesses telephony
services at costs approaching the wholesale rates of carriers. Unlike some
competitors who offer PC to phone services, iDial s web based services are
provisioned via the Internet but all calls are currently made phone to phone.
The majority of PC owners do not have microphones and telephony services. iDial
delivers high-quality traditional and VoIP telephony services to consumers and
businesses, with the following benefits:"

Wireless Application protocol (WAP)

"WIRELESS APPLICATION PROTOCOL (WAP) is the de facto worldwide standard for
providing Internet communications and advanced telephony services on digital
mobile phones, pagers, personal digital assistants (PDAs), and other wireless
terminals. The exploding wireless market is embracing WAP technology, with a
predicated 600 million WAP phones is use by the end of 2003. Europe is leading
the way in WAP, and Forrester Research predicts that 219 million Europeans will
be accessing the Internet on a daily basis by 2003.

iDial has developed a plan to be first to market with WAP connectivity to
our iDial services. We believe that a tremendous opportunity exists to:

Immediately provide low cost international long distance services to WAP
enabled phones through our WAP enabled technology;

Incorporate WAP access into the iDial portal, giving WAP users the same
carrier choices available to traditional wireless users, and incorporate a free
concept for WAP enabled long distance as a choice through our portal land
network.

iDial has developed and applied for patents for applications to enable
Personal Digital Appliances (PDA) such as the Palm Pilot VII to instantly
connect with the iDial site and avail themselves of the company s long distance
services. A similar application for the new Microsoft Pocket PC has also been
completed. iDial will continue to develop WAP enabled products and services to
insure that its core products will always be easily accessible by wireless
devices.

Additionally we currently offer traditional prepaid phone cards and VoIP
services based on iDial technology under the following brand names for which
various trade and service marks are registered.

NETPHONECARD www.netphonecard.com Web initiated worldwide phone calls
with US dial tone and low tariffs.

IDIALDIRECT www.idialdirect.com A complete communications portal offering
flat-rate US products and worldwide access products.

PHONE-ME-NOW www.phonemenow.com An iDial e-commerce tool. A Phone-Me-Now
button is places on a website that allows a customer to initiate a call to his
phone from a representative of the company that is hosting the site.

SENDACALL www.sendacall.com Prepaid calls sent within a virtual greeting
card by-mail to recipients anywhere in the world, allowing recipient to place
free call to sender.

WIRELESS SERVICES The Company will continue to expand wireless
development to include areas such as Wireless Access Protocol (WAP) and
Bluetooth technologies."

Whoofnet
In a nutshell, Whoofnet will market IDNW's telephony products and also:

"WhoofTelco will create and implement all marketing and distribution plans
for the iDial product line with the main strategy being the focus on the
specialized business market. WhoofTelco will market the iDialDirect products and
services offering new subscribers free Internet access and free E-mail.
WhoofTelco will utilize TV, print, Internet and radio to promote these
offerings.


WhoofMusic will seek to joint venture with established vendors within the
music and video industry. We will expand this service to deliver customizable
compilations of music to incorporate hard-to-find artists and previously
released albums. The company will drive traffic to this site by utilizing the
Internet, TV, radio, print and TV. WhoofMusic will offer its visitors the
opportunity to sign up for free Internet access and free E-mail.

WhoofHealth will focus on the increasing market for alternative remedies
and homeopathic medicine providing the customer will information, updates,
product lines and services as well as links to affiliated sites of interest. The
company will promote the WhoofHealth product lines to our database of members
and reach out to new customers by utilizing the Internet, TV, print and radio.
The marketing plans for WhoofHealth will include offering free Internet access
and free E-mail.

WhoofBiz has the ability to provide each small business owner with a web
presence, handling all back end administration while providing the small
business owner with merchant services and shopping cart capability.

Whoofnets principals have sold millions of dollars worth of goods through
global channels of distribution, including direct response television

15


programming, retail outlets and international independent representatives and
affinity marketing groups. Their success is directly attributable to their
skills in assessing the market viability of a product, leveraging media
resources to maximize that product's exposure to consumers and establishing
retail distribution channels that build back-end revenue.

Whoofnet will leverage its long track record in both DRTV and Affinity
Sales/Marketing Programs to take products overseas. Tapping into its contact
base of international independent distributors, Whoofnet will enlist their aid
in promoting and selling its products to a true global clientele. Currently
Whoofnet has established promotional and distribution relationships with
companies on three continents."

As of Dec31, 2000 Whoofnet was not yet operational, imagine when revenues start to roll in from this division!

Gold Advantage Card

"The first product to launch is our iDial Gold Advantage Card. The iDial
Gold Advantage Card is an ATM/Debit Card that offers an extensive Consumer
Benefits Package. It is an inexpensive, fast and secure way to transfer funds
domestically & internationally. It is a reloadable debit card that can be used
at ATM's all around the world. It can be used to buy gas, groceries or other
items from merchants with debit card capability and has an extensive Consumer
Benefits Package offering savings on pharmacy, vision, dental, hearing, travel,
gifts, vitamins, and more. iDial Gold Advantage Card comes with a primary card
and a family card enabling them to save up to 75% on National and International
money transfers. By purchasing the package and loading funds onto the card, the
customer has opened an FDIC INSURED account with Goleta National Bank. The
account can accept Direct Deposit. Employees can have their wages electronically
deposited to a secure account and can then access their wages anytime from ATM
or point-of-sale retail locations.

The customer receives TWO (2) identical cards when they join the program.
The second card can be used to transfer money domestically or internationally,
just by forwarding the second card to a family member or friend anywhere in the
world. This enables the second cardholder to withdraw funds from any ATM machine
worldwide."

" WHOOFSWEDEN. Whoofnet.com, Inc., has entered into a Letter of Commitment
dated April 7, 2000, with the regional government of central Sweden known as the
Br_cke Kommun to develop a state of the art e-commerce business center. This
Letter of Commitment was transferred to the wholly owned subsidiary WhoofSweden
on January 16, 2001. The highlights of this arrangement are as follows:

Facilitate Internet e-commerce,

Build a mirrored redundant e-commerce computer center,

Operate a customer service & product reload center, and

Develop a product fulfillment house for shipping.

16


WhoofSweden has entered into a very favorable government financial support
package, the highlights of which are as follows:

The Br_cke Kommun government will underwrite 35% of the cost for the
equipment, office furniture, computers, hardware, software and 35% of the cost
of all advertising that WhoofSweden expends worldwide for the first year of
operations up to US $2.9 million in funding,

The Br_cke Kommun government will underwrite the salary/employee costs
for the first 28 weeks for every employee up to 150,000 skr/employee or US
$17,200/employee/28 week period for 300 employees totaling $5,160,000,

The Br_cke Kommun government will provide WhoofSweden with a total
financial support package for this project in the amount of $8,060,000,

The Br_cke Kommun government in conjunction with WhoofSweden is
actively seeking further financial support and government assistance from the
national Swedish government. We reasonably expect additional forms of financial
assistance to be forthcoming within months following commencing operations,

WhoofSweden shall enjoy a full rent abatement for the first year of
operations and thereafter for the next 4 years rent shall step-up increase to
market levels. The Br_cke Kommun has also pledged to build to our needs when
required, and

WhoofSweden expects to employ up to 300 people at the height of the
project.


SWEDEN, A LEADING IT NATION. Sweden is one of the world s foremost IT
countries. The IDC/World Times Information Society Index for 1999 places Sweden
in the global top 2 positions, just behind the U.S., Sweden s telecommunications
and data infrastructure is highly advanced, extensive and reliable. Few
countries invest as much in IT as Sweden in relation to GNP. Sophisticated
Swedish industrial buyers like AstraZeneca, Atlas Copco, Electrolux, Ericsson,
SKF, Saab, Scania and Volvo have encouraged the advanced usage of IT in
logistics solutions and have fostered the creation of a number of today s large
Swedish software companies and IT-consultants. Intentia, IFS, WM-data, IBS and
IMI are leading solutions and software providers for the support of supply chain
management implementations. EDI is commonly used in company-to-company
communications."

Stock

All shares are common

100 million authorized
87,969,856 Outstanding as of Dec 31, 2000
37,003,204 Directors and Officers
16,054,710 total held by 3 individuals named Stein, Lasarow and Lifson
36,000,000(approx.) float (by my reckoning)

However, on Page 1 it says:

"the aggregate number of shares held by non-affiliates was approximately
50,966,652."

Can someone clarify this? Is this the float plus the remaining authorized shares approx.?

Based on the data from the 10kSB [and also summarized by Brimfire], IDNW has 87 million shares
outstanding and a float of approximately 37 million shares; insiders hold a majority of the float. The data regarding Idnw’s shares on the Yahoo and CNBC boards is outdated based on the
information from the company’s 10k filed on 4/3/01.

Also, there are approx. 2,723 shareholders as of Dec 31, 2000. Now, that is good! From the way this trades I believe they are holding onto their shares and the trading float is considerably smaller than 36 million.
The increase in o/s & float [from that reported on Yahoo] is due in part to the company’s 2:1 split on 11/22/00 and shares paid to acquire Whoofnet.com.

10ksb says (B) HOLDERS. Management calculates that the approximate number of holders the
Company s Common Stock, as of December 31, 2000 was 2,723.


best said by-Jerome..Jackson $$$$

All shares are common

100 million authorized
87,969,856 Outstanding as of Dec 31, 2000
37,003,204 Directors and Officers
16,054,710 total held by 3 individuals named Stein, Lasarow and Lifson
36,000,000(approx.) float (by my reckoning)

However, on Page 1 it says:

"the aggregate number of shares held by non-affiliates was approximately
50,966,652."

So, the ~51M here would be ~87M minus the ~37M held by the companies management, must be restricted. The float of ~36M would be the ~51M minus the ~16M held by those three individuals, I'd guess held tightly.

I also like that the insiders have not sold a single share yet. Here are their holdings:

-------------------------------------------------------------------
Mark T. Wood, Chairman of the Board . . 18,100,000 20.7%
19009 Preston Road, Suite 215 PMB #236
Dallas, TX 75252
Carl K. Battie, Vice Chairman
7771 W. Oakland Park Blvd, Suite 217
-------------------------------------------------------------------
Sunrise, FL 33351. . . . . . . . . . . 13,100,000 15%
-------------------------------------------------------------------
Klaus Scholz, Director and COO. . . . . 3,040,000 3.5%
19019 Preston Road, Suite 616
Dallas, TX 75252
-------------------------------------------------------------------
Thomas G. Seifert . . . . . . . . . . . 1,463,204 1.7%
1211 S. Parker Road, Suite 201
Denver, CO 80231
-------------------------------------------------------------------
Edward J. Janusz, Director. . . . . . . 100,000 .01%
7 Lacewing Place
The Woodlands, TX
-------------------------------------------------------------------
Gerald Lesher . . . . . . . . . . . . . 1,200,000 1.4%
1555 Palm Beach Lakes Blvd., Suite 1510
West Palm Beach, FL 33404
-------------------------------------------------------------------
All Directors and Officers Total. . . . 37,003,204 42.31%

****Read about the potential of Whoofnet.com --- some verbatim excerpts from IDNW’s 10k SB, filed 4/3/01:
“In August 2000 we acquired 100% of the stockof Whoofnet.com, Inc. ( Whoofnet.com ) in exchange for the issuance of 10 million new investment shares of common stock. Whoofnet.com is a next generation Internet Company designed for direct selling. That company was formed under the laws of Florida on March 6, 2000. Its major product is an Internet portal for use by the general public. That Company has recently completed its field-testing and Management plans to begin sales within the next several months. All costs associated with the startup phase of the organization have been expensed in the current period as per Statement of Position 98-5.

Whoofnet.com also formed 6 subsidiary Delaware Corporations between the
months of March and May 2000, and 2 foreign subsidiary corporations for the
operations of various aspects of its business.

1) Whoofbiz, Inc. organized in March 2000 is planned to provide small
business services, which includes a 24-hour customer service center, product
fulfillment, merchant account fulfillment, and low cost high quality
telecommunications services.

2) Whoofhealth, Inc. sells its own homeopathic herbal branded products to
the general public. The product is market through various media including TV,
Direct Sales and the Internet. It was organized April 28, 2000.

3) Whoofmail, Inc. was organized to provide free multilingual email service
to be offered to the general public in order to build the customer base. It was
organized April 28, 2000.

4) Whoofmall, Inc. will provide a shopping mall on the Internet, whereby
other vendors can advertise and sell their the Internet. It was organized May 2000.

6) Whooftelco, Inc. will be a low cost high quality telecommunications
provider to the European and Asian wireless community and to the low cost
domestic and international calls customer in the United States. It was organized
March 2000.

7) Whoofnet.com AC is a Swedish corporation formed on January 16, 2001. The
purpose is to act as the European call center for Whoofnet.com.

8) Whoofstore.Co AB formed on January 16, 2001, which is also a Swedish
corporation operating as a duty free sales center Management estimates that the
licensure granting the Company a tax-free status has a market value between $5
to 10 million US dollars.

As of the dated of our financial statements none of the subsidiaries were active or funded.”
Think of the future revs when Whoofnet.com and its subsidiaries become active [some in the near future based on my read of the 10k filing].

posted by-brazentrader $$$, IDNW
more from the 10k

As of December 31, 2000, we had 18 full-time and 10 part-time
employees. None of our employees are represented by a labor union. We have not
experienced any work stoppages and consider our employees relations to be good.

We derive our revenues from 2 different sources,
through the direct sales of our products over the Internet and through our own
direct sales force and secondly through the wholesale of our products and
services through independent retail and wholesale channels of distribution.

REVENUE. Revenue increased to $2,173,581 million for the year ended
December 31, 2000 from $1,575,826 million for 1999 as a result of the growth of
our network and retail customer base. This represents a 38% increase over 1999
as a result of this growth.

RECENT DEVELOPMENTS. As part of an ongoing Company restructuring program,
the Company has merged its Dallas operations with its operation in Denver, Los
Angeles and Ft. Lauderdale. The Company expects to save $250,000 in 2001 from
this merger. The Dallas facility was closed on February 28, 2001.

Sales The Company expects to increase its sale over the coming months
dramatically. This increase in sales will lower our overall costs associated
with carrier costs due to higher discounts available with our increase in volume
from carriers.

The Company issued 9,893,500 share of common stock in August 2000 for 100% of
the outstanding stock of Whoofnet.com Inc., which had a market value at the time
of $8,100,000.

In October 2000, the Company issued 4,199,998 shares of common stock for the
acquisition of 2Sendit.com, Inc. The market value of the stock at the time of
acquisition was $1,968,959.

posted by-BrimFire $$$ post 2820 IDNW

More from the 10KSB

Sorry this has taken me so long, busy weekend etc.

Let me begin by saying that I decided to read the filing because I have become very skeptical, essentially I was looking for warning signals. I can truthfully say I found none. Instead, this company looks squeaky clean and 100% legitimate.

I checked Woodcomm and Desert Springs on FreeEdgar.
I could find no information on Woodcomm there, it was an LLC so possibly it was an English (European) company?
There was no link between Desert Springs and iDial with respect to officers etc. In other words they were not selling to themselves. According to the last 10K filed by Desert Springs their officers were:


Current Position in Age at
Name Marriott Desert Springs Corp. December 31, 1997
------------------ ----------------------------- -----------------
Bruce F. Stemerman President and Director 42
Robert E. Parsons, Jr Vice President and Director 42
Christopher G. Townsend Vice President, Director, and Secret 50
Earla L. Stowe Vice President and Chief Accounting
Officer 37

With regard to financials, on paper it looks like they made a loss of approx. 7.5 million last year, or (0.22) per share. This included a cash cost for the acquisition of 2sendit and Whoofnet. In practice, they paid for these with shares so the actual loss was closer to (0.07) per share.
Additionally, they anticipate to be profitable in 2001, perhaps as soon as Q2.


The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in note 1 to the
financial statements, the Company's history has reflected significant losses.
Management has instituted a cost reduction program that included a reduction in
labor and fringe costs. In addition, the Company has consolidated several of its
operations, increased marketing efforts on its product lines, adjusted sales
prices of certain products to bring them in line with costs and negotiated more
favorable contracts to provide services at a more efficient cost. As a result of
these efforts, 1st quarter 2001 sales have improved significantly and Management
believes that profitability will be achieved in the near future.The financial
statements do not include any adjustments that might result from the outcome of
this matter.

Management looks great too!

Mark Wood, CEO..
Prior to iDial, Mr. Wood held several
executive positions at international telecommunications companies, which
included Vice President and General Manager of Loxcomm America, Inc., Chief
Operating Officer of WorldQuest Networks (NASDAQ:WQNI), and Vice President of
International Sales at Intellical, Inc. (AMEX:ICL).

Klaus Scholz, COO and director...
Mr. Scholz joined iDial in
1999 and has been responsible for the network operations of company. A native of
Germany, Mr. Scholz has held several senior management positions in
international technology companies. He served for 10 years as Country Manager,
Southeast Europe for Hewlett Packard before moving to Asia in 1987. In
Thailand, he became Managing Director of Semiconductor Ventures International
LTD, a publicly traded company. In that capacity, he worked with the Chinese
government to improve quality and safety standards for the Taiwanese
semiconductor industry. Mr. Scholz also served as Vice President, Business
Development for Loxley Public Companies, Ltd., a publicly traded international
conglomerate based in Bangkok, Thailand.

The were only 3 items which could be regarded as being mildly negative:

1. They are currently in a dispute with one of their telecom carriers, they believe thay are being charged between 20% to 30% too much. The company "took the conservative approach" and recorded the full liability in the books.
Personally, I have no problem with this, I know that I have been billed incorrectly (about every second month) by, guess who? Sprint!
2. Their CFO resigned, he has been replaced by Thomas Seifert.
3. Normally I wouldn't even include this but someone brought this up before so I will....they closed one of their offices as a cost cutting measure because they didn't need it!

By: brazentrader $$$ post 2823,24,25,26,34 IDNW

More on stemerman if it's the same guy.

http://www.secinfo.com/dNUa8.8a.htm
http://www.secinfo.com/dUqVk.8b.htm
http://quicktake.morningstar.com/Stock/ownership.asp?Country=USA&Symbol=CLJ
http://markets.forbes.com/forbesrpt/Vickers_Insider_Trading.html?Symbol=CLJ

and mark wood.
http://www.secinfo.com/d11Mkj.52v.htm

buried recent article.
http://buffalo.bcentral.com/dallas/stories/2001/03/05/focus2.html

an interesting thread.
http://buffalo.bcentral.com/dallas/stories/2001/03/05/focus2.html
http://www.wecarenews.com/2tier/iphone.htm
http://creditcardsmagazine.com/managearticle.asp?c=130&a=172

The newly appointed cfo, seifert, is a co-founder of 2sendit.com

do you suppose they brought an expert on board to turn this thing around? hmmmmm.

IDNW owns its own marketing sources:

In November 2000, we acquired 100% of the stock of 2sendit.com, Inc. in exchange for the issuance of 4,199,998 new investment shares of the common stock of the Company. 2sendit.com provides a marketing service by advertising the products and services through a variety of media with a primary focus on the use of fax mail, and email. With fax and email servers located in Dallas, TX and Denver CO, 2sendit.com is able to offer high capacity, low cost services. In addition that company maintains a small company attitude, allowing it to assist other small companies in need of our services. On November 15, 2000 we declared a 2 for 1 forward split of the outstanding shares of our common stock.

2SENDIT.COM INC. is an established fax-messaging provider for the information dissemination market. Due to today s desire for immediate delivery of information, fax messaging has become a popular means to deliver information quickly.
FAX MESSAGING. Fax Messaging has emerged as a low cost source of communication for companies to get a message out, where messages range from newsletters to restaurant menus. Fax messaging has proven to a less expensive than traditional mail. Traditional mail remains as a popular choice for getting a message out, however, with costs of postage, envelope and printed material all necessary pieces, today s budget constraints find that these expenses limit the number of recipients. Fax messaging provides a low cost, high volume method of getting the same material out of the recipients. An underlying benefit is that the results are almost immediate. While a traditional mail piece may take up to a week to deliver, fax messaging usually takes less than an hour to reach the same audience. Fax messaging also has a cost related only to completed messages. 18 With traditional mail, the cost is paid up front and there are no refunds for lost mail, unused postage, or damaged material.

GROWTH STRATEGY. While several fax messaging companies have emerged in the recent years, many others have been unable to sustain volume and have subsequently merged with competitors. We have chosen to maintain a slow growth cycle by adding customers through new advertising and marketing. We offer highly competitive rates along with the capacity to complete jobs in a timely manner. We use the following websites as a primarily method of advertising

a) www.2sendit.com
b) www.2faxit.net
c) www.2faxitnow.com
d) www.mailing-solutions.com
e) http://www.sendacall.com/

2sendit.com is also researching the possibility of merging with competitors as a method of growing the business.

As a company with unique marketing resources and innovative vision, Whoofnet delivers the two things that matter most: Reach and Revenue.

TECHNOLOGY. 2sendit.com uses licensed software along with both Dialogic and
Brooktrout fax cards. These cards are connected to third party high capacity
digital lines. This technology allows the mass transmission of faxes through
each fax server.

Post 2841 by-arabianfrancine $$$

Pardon me for this,but what I am seeing here,is interest in a company that all of us longs have believed in,and for,IMO,good reason.One very good reason is spelled out in post #248

And here it is

By: DocTX $$$ IDNW
Reply To: None Friday, 24 Mar 2000 at 2:43 PM EST
Post # of 2851


Before anyone sells idnw, I'm compelled to offer a few thoughts to help round out their perspective:

Despite the recent price drop, this stock has quite a bit of momentum working in its favor. There are several reasons why I'm very excited (and very long) about this stock.
1. Management team: Consider the speed and success (primarily experience) of the firm in rounding out its management team recently.
2. Market Cap vs. Market Opportunity: If my math is correct, the market cap on this company is still less than $20mm. Conversely, the market size is projected to be $20 -$60 billion in four years.
3. Competitive pressure: As far as I can tell the Voice over IP market has maybe 6 players bigger than idnw. Clearly, IDNW has lost any opportunity for a first-mover advantage. On the other hand, the combined market caps of all competitors are roughly $5B -- $4B of which is IBAS and ITXC. This leaves a vast amount of room for appreciation on these six stocks combined. In my view, I have to believe the firm who builds the strongest brand will perform favorably vs. the competition. NO ONE has had any time to build a strong brand YET. I'd put my money on a couple of guys from Hallmark any day (one of the strongest global brands in the world).
4. It is EXTREMELY early in this company's life cycle. IDNW doesn't even have investor relations packets created yet (they will be ready next week). Talk about being undiscovered. Look at this message board - limited attention yet. While some would view these observations as a disadvantage, I'm more inclined to think it's a pretty exciting opportunity to be into a stock this early. $20mm market cap in a $40B brand new, emerging category? Gimme a break -- sounds like the opportunity of a lifetime.

I've been curiously reading people's posts worried about the 2-pt drop in price. I've bought some more. In my view, this is certainly not a reason to sell. IDNW is just a baby. Who knows, this company could have a $2B market cap in 4 years (with only 5% market share!) Could be a 100-bagger! Certainly the first I've ever had. I'm in, and I'm staying in.

I imagine the reasons cited above are the same reasons for IDNW's success in recruiting talent. Keep it up! I have a couple years to wait for a 100-bagger.
Anyone care to discuss further? I can watch for a few minutes before it's back to my day job.

Stock Price History - 1 Year Table
http://www.financialweb.com/mkthistory.asp?Symbol=IDNW&StartDate=9/2/00&Format=3&Submit=...

MM-Monthly Share Volume Report
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=i&Issue=IDNW&SortBy=v&Month=2-1-2001&a...

Cut and past-- Highlight in blue, right click,select copy-move to where text will be pasted, left click once for curser bar, right click,select paste.

This is a copied version of many dd posts. Thanks to all who helped.