CRAYON CRAWLER ANNOUNCEMENT-1st Net and IDT Forms Strategic Alliance; Deal Allows 1st Net to Bundle High-Speed Internet Access With Its Web-Based Products and Private Label Browsers
Business Wire - November 05, 1999 16:55
SAN DIEGO--(BUSINESS WIRE)--Nov. 5, 1999--1st Net Technologies (OTCBB:FNTTE) announced today the signing of an agreement with IDT Corp. (Nasdaq:IDTC) that allows 1st Net Technologies to offer its customers and partners unlimited dial-up access to the Internet on IDT's national network.
By partnering with IDT, a respected national Tier 1 Internet Service Provider (ISP), 1st Net will be able to bundle IDT's high-speed dial-up access and premium technical support with its proprietary browsers designed for custom content delivery.
"We are delighted to bundle dial-up access with our community-based browsers," said Clifford J. Smith, president of 1st Net Technologies. "Online niche communities are rapidly becoming a significant force in the explosive expansion of the Internet. We are happy to provide our customers and partners with this high-quality service designed for the Internet's dynamic growth, built right in to our browsers. We intend to bundle this service first with the Crayon Crawler browser and community suite, the flagship product of 1st Net's subsidiary corporation Children's Technology Group."
1st Net will serve as a reseller and will incorporate IDT's services as part of its integrated Web-based technology solutions. 1st Net will make IDT's services available to its subsidiary, client, and partner companies through private label browser deals and through 1st Net's proprietary community browsers. Subscribers to Children's Technology Group's Crayon Crawler will be the first to benefit from 1st Net's deal with IDT, and can elect to receive IDT's high-speed Internet access and high-quality customer service.
"IDT is pleased to offer the benefits of its high-speed dial-up Internet access and customer support services to growing Web-based technology companies like 1st Net," said Jim Courter, IDT president and vice chairman. "The deal presents significant growth opportunities for both companies in family-oriented Internet technologies, one of the fastest-growing markets on the Web."
IDT maintains over 750 Points of Presence (POPs) in the United States through its DS3 Clear Channel Backbone. IDT's DS3 backbone offers an impressive 7:1 modem-to-user ratio and provides users with a fast and efficient connection to the World Wide Web.
IDT offers dial-up access to over 80,000 customers in 49 states and Puerto Rico, as well as dedicated access to over 500 corporate customers. For more information on IDT, go to idt.net.
About IDT Corp.:
IDT is a leading emerging multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet service provider to offer a broad range of telecommunications services to its wholesale and retail customers worldwide. Through its national telecommunication backbone, IDT provides its customers with integrated and competitively priced international and domestic long distance, prepaid calling cards, Internet access, and Digital Subscriber Line (DSL) service. For more information, visit IDT Corp. on the Web at idt.net.
About 1st Net Technologies Inc.:
1st Net Technologies Inc. is a diversified Internet development and holding company specializing in on-line investor relations programs, Internet marketing, database capture and information management, and client/server-based software applications. The company owns and operates several financial investment portals and a financial on-line community Web site. 1st Net is publicly traded (OTCBB:FNTT) and located on the Web at 1stnettech.com.
Shareholders and interested parties who would like to receive up-to-date investment information on 1st Net Technologies on a regular basis can register with us online at 1stnetmail.com
Note: News releases and other information on 1st Net Technologies Inc. can be accessed at 1stnettech.com on the Internet.
The foregoing press release may include numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited "safe harbor" for certain forward-looking statements. Forward-looking statements in this press release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.
CONTACT: S&S Public Relations
Elizabeth Costabile, 847/955-0700 ext. 278
sspr.com
or
1st Net Technologies Inc. 1stnettech.com
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