EXHIBIT 99.1

                    Contacts:
                    Investor Relations                  Media Relations
                    Glenn Etherington                   Ed Bryson
                    Chief Financial Officer             Public Relations Manager
                    (972) 403-8501                      (972) 543-5117
                    getherington@metasolv.com           ebryson@metasolv.com

                    METASOLV TO RELEASE THIRD QUARTER FINANCIAL RESULTS

                    PLANO, Texas -October 9, 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 third quarter of 2002 after the close of the market
                    on October 23, 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 on-line 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 October
                    23, 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, October 23,
                    through October 30. The dial-in replay number is
                    719-457-0820, and the confirmation number is 437461.

                    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.

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