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Technology Stocks : IDT *(idtc) following this new issue?*

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To: Kevin Podsiadlik who wrote (10770)	7/8/1999 10:25:00 AM
From: Peter Yang	Read Replies (1) of 30916

July 8, 1999 09:59 AM NEWPORT BEACH, Calif.--(BUSINESS WIRE)--July 8, 1999--SBN.COM Thursday announced it has negotiated a licensing agreement with popular Internet service provider and international telecommunications company, IDT Corp. IDTC . Lee Bridges, SBN vice president of strategic alliances, reported that terms of the pact between the two companies calls for installation at the IDT Web site (idt.net) a customized version of SBN's huge Online Yellow Pages with the two companies sharing in the advertising revenues generated by the directory at the IDT location. With headquarters in Hackensack, N.J., IDT is a leading provider of international and domestic long-distance telephone, Internet access and global internet telephony services to customers throughout the United States and worldwide. "The Online Yellow Pages is a natural addition to the services IDT already offers in the telecommunications field", Bridges stated. "We believe it will also provide an important enhancement to furthering the company's penetration of that burgeoning market." SBN.COM's Online Yellow Pages has fast become the world's largest classified directory, with more than 1.5 million pages including or linked to an estimated 50 million business listings. It is found on the Web sites of several hundred Internet service providers and at more than 800 affiliate e-commerce sites nationwide.

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