EXHIBIT 99.1



Comdial Corporation
106 Cattlemen Road
Sarasota, FL 34232
Telephone (800) 419-3800

Contact:
Paul K. Suijk, Chief Financial Officer (x1104)



FOR IMMEDIATE RELEASE



             COMDIAL RAISES $14.5 MILLION THROUGH PRIVATE PLACEMENT;
                              REPAYS SENIOR LENDER


     SARASOTA, FL. - SEPTEMBER 30, 2002 - Comdial Corporation (NASD OTC Market:
"CMDL") announced today that on Friday, September 27, 2002 it closed on $14.5
million of a private placement to accredited investors. This includes the
conversion of approximately $3.5 million of outstanding bridge notes. The
offering consisted of three year subordinated secured convertible promissory
notes and warrants to acquire shares of common stock. The warrants are
exercisable at $.01 for an aggregate of approximately 68 million shares of the
Company's common stock. A portion of such warrants is subject to forfeiture on a
pro rata basis, if the notes are repaid during the first eighteen months
following their issuance. The holders of these new securities have certain
registration rights.

     The Company used $6.5 million of the placement proceeds to repay in full
$12.7 million of its outstanding indebtedness to Bank of America and to
repurchase its Preferred Stock having a liquidation value of $10 million.

     Comdial chief financial officer, Paul K. Suijk stated, "The private
placement proceeds enable us to complete our previously stated capitalization
objectives. The proceeds provide us the financial flexibility required to
execute our business plan. Going forward, we can now devote all our time on
serving our existing customer base, exploring new and exciting product
opportunities, and generating new customers who can now look at a significantly
improved financial picture of the Company."


     This announcement does not constitute an offer to sell nor shall there by
any sale of these securities in any state in which such offering, solicitation
or sale would be unlawful. The securities sold in the aforementioned described
offering will not be nor have they been registered under the Securities Act of
1933, as amended and they may not be offered or sold in the United States absent
a registration or applicable exemption from registration requirements.

ABOUT COMDIAL

Comdial Corporation, headquartered in Sarasota, Florida, develops and markets
sophisticated communications solutions for small to mid-sized offices,
government, and other organizations. Comdial offers a broad range of solutions
to enhance the productivity of businesses, including voice switching systems,
voice over IP (VoIP), voice processing and computer telephony integration
solutions. For more information about Comdial and its communications solutions,
please visit our web site at www.comdial.com.



FORWARD-LOOKING STATEMENTS

This press release contains statements that may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Investors and prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ materially from
those projected in the forward-looking statements as a result of various
factors, including Comdial Corporation's ability to obtain additional funding
for its business, the illiquidity of its stock as a result of its delisting on
the Nasdaq SmallCap Market and its ability to obtain a listing for its stock on
another national market, the risks associated with the outsourcing of its
manufacturing requirements, including international risk factors, its ability to
meets its obligations to its suppliers and its lenders, its ability to achieve
its operational goals and to generate positive cash flow, any unfavorable
outcomes of pending disputes or litigation and the various other factors set
forth from time to time in Comdial's filings with the SEC, including but not
limited to Comdial's most recent Form 10-K and Form 10-Q. Comdial Corporation
undertakes no obligation to publicly update or revise the forward-looking
statements made in this press release to reflect events or circumstances after
the date of this press release or to reflect the occurrence of unanticipated
events.


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