SOURCE: Dial Thru International Corporation

July 25, 2005 09:00 ET

Dial Thru International Negotiates Extension of Related Party Notes

Management and Directors Demonstrate Confidence in Company Through Four-Year Extension

LOS ANGELES, CA -- (MARKET WIRE) -- July 25, 2005 -- Dial Thru International (OTC BB: DTIX) today announced that it has negotiated an extension of its 10% Related Party Notes (the "Notes") with senior management and one of its directors. The Notes, which have a remaining principal balance of approximately $1.48 million, were due February 24, 2004. The new maturity date of the Notes is February 29, 2008.

"Management has long been committed to Dial Thru's success, as first evidenced by the original loans made to the company in October 2001," said John Jenkins, Dial Thru's Chief Executive Officer. "We are excited about our new direction, particularly the recent roll out of the new Voice over Internet Protocol products and services, and the recent addition of David R. Hess as our President and Chief Operating Officer. We continue to take the necessary steps to make Dial Thru successful, and these extensions, along with the recent extensions received from our primary lenders, will enable us to utilize our financial resources to support the business."

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 Information

  • Contact:

    John Jenkins
    CEO
    Dial Thru International
    310-566-1701

    Ed Lewis
    CEOcast, Inc.
    for Dial Thru International
    212-732-4300