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Dial Thru International Enters Into a Binding Letter of Intent to Acquire Integrated Communications, Inc.8 September 2005
Dial Thru International, Inc. (OTC BB: DTIX), a provider of Voice Over Internet Protocol (VoIP) products and
services, today announced it has entered into a binding letter of intent to
acquire certain assets and the customer base of privately held Integrated
Communications, Inc. (Integrated).
Integrated, located in Englewood, New Jersey, has been successfully
providing retail and wholesale VoIP services for the past four years. The
transaction is expected to close on September 30, 2005, and is subject to
customary closing conditions, consents and approvals.
"The acquisition of Integrated significantly increases our revenue and
provides many synergies through enhanced products and an expanded retail
and wholesale presence," stated John Jenkins, Dial Thru's Chairman and CEO.
"We believe the addition of Integrated's retail revenues, customers,
employees and supplementary switching infrastructure will enhance our
ability to scale our own VoIP growth strategy." He added, "We will
continue to seek out additional acquisitions that will help us to grow our
business."
"We are very excited to join forces with Dial Thru. Together, I believe we
are well positioned to capitalize on market opportunities within the VoIP
services sector," said James Milana, CEO of Integrated. "DTI's unique
business plan of targeting selected 'niche markets,' such as the U.S.
military, is what made this such an easy decision to join forces and build
what we believe will be a successful VoIP company."
About Dial Thru International
Founded in 1997, Dial Thru provides value-added Voice over Internet
Protocol (VoIP) communication services to customers, both domestically and
internationally. Dial Thru has become a leading provider of proven,
high-quality Internet telephony products, services and infrastructure for
service providers, businesses and individuals worldwide. The company's VoIP
offerings include PC-to-phone, phone-to-phone and broadband phone
solutions. Dial Thru's network spans more than 15 countries on five
continents. The company also provides a robust back-office suite of
products, including billing, operations management, marketing support,
inventory management, accounts payable, accounts receivable, sales force
automation, commission management, trouble ticket reporting and network
management online, so that any business customer can manage his
telecommunications system in a real-time environment. For more information
about Dial Thru, please visit www.dialthru.com.
Except for historical matters contained herein, the matters discussed in
this press release are forward looking and are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that these forward-looking statements reflect
numerous assumptions and involve risks and uncertainties that may affect
Dial Thru's business and prospects and cause actual results to differ
materially from these forward-looking statements. Among the factors that
could cause actual results to differ are the inherent uncertainty of
financial estimates and projections, the competitive environment for
Internet telephony, Dial Thru's limited operating history, changes of rates
of all related telecommunications services, the level and rate of customer
acceptance of new products and services, legislation that may affect the
Internet telephony industry, rapid technological changes, and other risk
factors contained in Dial Thru's periodic reports on Form 10-K and Forms
10-Q and 10-QSB on file with the SEC and available through
http://www.sec.gov.
Contact:
John Jenkins
CEO
Dial Thru International
310-566-1701
Ed Lewis
CEOcast, Inc., for Dial Thru International
212-732-4300
SOURCE: ; ;Dial Thru International, Inc.
Source: Marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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