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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Hawaii60 who wrote (13386)	8/24/1999 8:52:00 AM
From: Hawaii60	Read Replies (1) \| Respond to of 30916

(COMTEX) B: (CPQ) Net2Phone Signs Compaq as Distribution Partner; Pre B: (CPQ) Net2Phone Signs Compaq as Distribution Partner; Presario Keyboard to Feature Link HACKENSACK, N.J., Aug 24, 1999 (BUSINESS WIRE) -- Net2Phone Inc. (NASDAQ: NTOP) today announced an agreement with Compaq (NYSE: CPQ) to offer their award-winning Internet telephony services to newCompaq Presario customers in Canada, Latin America, Japan and Asia-Pacific. Under the agreement, a button located on the Presario keyboard will connect online users to a co-branded telephony services web site. Called the Community Center button, it initially connects Presario customers to a Compaq and Net2Phone joint web site which features free downloadable PC-to-phone software, download instructions, and details about Net2Phone's low calling rates. After downloading the software and setting up an account, the user can launch the application and connect via the Web to a phone anywhere in the world. "Compaq has always been an advocate of providing value-added Internet services to our customers world-wide, and our relationship with Net2Phone reinforces that direction," said Robert W. Lund, Vice President, Business Development, Compaq Computer Corporation. "We are pleased to be able to offer communications and community services over the Internet, enabling our customers to further leverage the power of the Web." Compaq is currently shipping Presario keyboards with this capability to customers in Canada, Latin America, Japan, and Asia-Pacific. Net2Phone has country specific web sites available in each market. For details of the offer please visit net2phone.com. "Compaq offers a powerful distribution channel to increase market awareness and demand for Net2Phone," said Yonah Lloyd, Vice President of Business Development, Net2Phone. "Compaq Presario users are now one touch away from experiencing the best Internet telephony service available." Net2Phone has developed free software that routes calls over the Internet from a computer to any phone in the world at significantly reduced rates. Because calls are carried over the Internet until they reach Net2Phone's switches, rates are not dependent upon the country of origin. As a result, users can save up to 95% off their international phone bill, and can also make US toll-free calls from anywhere in the world. Net2Phone is a leading provider of voice-enhanced Internet communications services to individuals and businesses worldwide. Net2Phone enables people to place low-cost high quality calls from their computer, telephone, or fax machine to any telephone or fax machine in the world. Net2Phone develops and markets technology and services for IP voice and e-commerce solutions for the web and other IP networks. For more information about Net2Phone's products and services, please visit www.net2phone.com. Compaq Computer Corporation, a Fortune Global 100 company, is the second largest computer company in the world and the largest global supplier of computer systems. Compaq develops and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, enterprise and network storage solutions, commercial desktop and portable products and consumer PCs. The company is an industry leader in environmentally friendly programs and business practices. Compaq products are sold and supported in more than 100 countries through a network of authorized Compaq marketing partners. Customer support and information about Compaq and its products are available at compaq.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, Net2Phone'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 filings with theSEC. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Net2Phone, Hackensack Corporate Communications Sarah Hofstetter, 201/928-2882 E-mail: sarah@net2phone.com or Public Relations Lee Suravlas, 201/928-4464 E-mail: lee@net2phone.com WEB PAGE: businesswire.com GEOGRAPHY: NEW JERSEY INTERNATIONAL CANADA LATIN AMERICA ASIA PACIFIC INDUSTRY CODE: TELECOMMUNICATIONS COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *