EXHIBIT 99.1 Contacts: Investor Relations Media Relations George Chandler Ed Bryson Dir. Of Corporate Development Public Relations Manager (972) 403-8300 (972) 543-5117 gchandler@metasolv.com ebryson@metasolv.com METASOLV TO RELEASE SECOND QUARTER FINANCIAL RESULTS PLANO, TEXAS, July 3, 2002 - MetaSolv, Inc. (Nasdaq: MSLV), a global leader in communications management solutions for next-generation and traditional networks and services, today announced it will release financial results for its second quarter of 2002 after the close of the market on July 24, 2002. Following the release of the results, MetaSolv will host a conference call at 5:00 p.m. ET. CEO Jim Janicki and CFO Glenn Etherington will comment on the financial results, as well as the Company's overall strategy and financial outlook. The live broadcast of MetaSolv, Inc.'s quarterly conference call will be available online at www.metasolv.com (click on the link to Investor Relations) and at www.streetevents.com. The call is scheduled to begin at 5:00 p.m. ET on July 24, 2002. The on-line replay will be available shortly after the call and continue for 30 days. A dial-in telephone replay of the conference call will be available from 8:00 p.m. ET on Wednesday, July 24 through July 31. The dial-in replay number is 719-457-0820, and the confirmation number is 378041. About MetaSolv MetaSolv, Inc. (Nasdaq:MSLV), through its wholly owned subsidiary, MetaSolv Software, Inc., is a leading global provider of communications management solutions that help service providers and businesses optimize their traditional and next-generation networks and services. Founded in 1992, MetaSolv is headquartered in Plano, Texas and has regional offices in key global cities. MetaSolv's web site is www.metasolv.com. Contact MetaSolv directly at (800) 747-0791. MetaSolv is a registered trademark. The MetaSolv logo and MetaSolv Solution are trademarks of MetaSolv Software, Inc. All other trademarks are property of their respective owners.