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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS

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To: David S. who wrote (1573)12/2/1998 6:52:00 PM
From: Cavalry  Read Replies (2) of 1637
 
IDT Unveils New Version of Net2Phone; Net2Phone 9.0 launched today; enables quicker installation, more efficient
Business Wire - December 02, 1998 08:49
HACKENSACK, N.J.--(BUSINESS WIRE)--Dec. 2, 1998--IDT's (NASDAQ: IDTC) Net2Phone today unveiled its completely redesigned version of Net2Phone, the first PC-to-phone service. The new 32-bit version, called Net2Phone 9.0, downloads 30% faster than previous version, installs considerably more quickly than its predecessor, and takes up less space in the computer.

New features of Net2Phone 9.0 include:

-- New compact graphical user interface -- Ability to push web pages from customer service center -- Full multilingual integration, supporting seven languages -- Up to 100 programmable speed-dial -- Ability to store Net2Phone in system tray for faster start-up -- Faster performance -- Volume-control -- Ability to recharge their Net2Phone account directly from the

client (Previously, users were only able to check the status of

their account in from the client, but had to re-charge their

account on the web site. Now there is no need to open a browser

to recharge. The web site can now be used to retrieve call

history.)

Additionally, Net2Phone 9.0 enables improved speech quality and a streamlined user interface with a cell phone-like appearance. Until now, Net2Phone was only available in a 16-bit version, restricting new developments and flexibility within the application. For example, now call centers (including the Net2Phone customer support center) will be able to push web pages to the client in order to facilitate easier e-commerce and call center support.

"This new platform enables Net2Phone to further improve the quality of IP Telephony. The addition of exciting and powerful new functionality as well as the overall friendliness of our implementation, will assure that Net2Phone will be on every busy user's desktop," said David Greenblatt, Chief Operating Officer of Net2Phone.

Net2Phone is IDT's pioneer Internet telephony product, enabling computer users around the world to place telephone calls over the Internet to any telephone around the world at significantly reduced rates. Introduced first in July 1996, more than 1,000,000 users have placed telephone calls using IDT's proprietary PC-to-phone technology. Companies such as IBM Global Services (NYSE: IBM), Yahoo! (NASDAQ: YHOO), Excite (NASDAQ: XCIT), and Creative Labs (NASDAQ: CREAF) either bundle or resell Net2Phone PC services to their customer base. Users can download Net2Phone PC free at www.net2phone.com.

IDT is a leading emerging multinational carrier that combines its position as an international telecommunications operator, its experience as an Internet service provider and its leading position in Internet telephony to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. The company provides its customers with integrated and competitively priced international and domestic long distance, pre-paid calling cards, Internet access and, through its Net2Phone product offerings, Internet telephony services including Net2Phone Direct, Net2Fax, and Click2Talk. For more information about IDT's Internet telephony services, please visit www.net2phone.com.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements, include, but are not limited to, the competitive environment for Internet telephony, changes of rates of all related telco rates and services, legislation that may affect the Internet Telephony industry, IDT 's ability to operate the services described on a large scale commercial level. For additional information regarding these and other risks associated with the Company's business refer to the Company's reports filed with the SEC.

NOTE TO EDITORS: If you are interested in receiving a review copy of Net2Phone 9.0, please e-mail requests to Sarah Hofstetter at sarah@corp.idt.net.


CONTACT: IDT Public Relations
Sarah Hofstetter
201-928-2882
or
IDT Investor Relations
Janine Kutliroff
201-928-4391


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