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

To: Tom Gebing who wrote (1175)	11/11/1998 7:23:00 AM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 30916

HACKENSACK, N.J.--(BUSINESS WIRE)--Nov. 11, 1998-- Agreement with Capcom enables expanded IP-based phone services throughout Spain and Italy IDT's (NASDAQ:IDTC) Net2Phone today announced that it has signed a multi-year contract with Capcom S.A., based in Madrid, Spain, to offer phone-to-phone Internet telephony services in Europe. Under the agreement, Capcom, an emerging telecommunications provider in Spain, has purchased Net2Phone Direct gateways, and will resell Net2Phone Direct services such as pre-paid phone cards and corporate voice and fax services to its customers. Capcom currently offers long-distance calling to businesses and consumers through postpaid and calling card services. Capcom has planned an aggressive rollout for Net2Phone Direct in Spain, Italy and other markets in southern Europe. Capcom has acquired fiber capacity from Spain to the US in order to offer the quality of service demanded by European businesses. "IDT is pleased to be working with Capcom for two reasons. First, as an emerging telecommunications company in a rapidly deregulating market, they have the ability to seize market share in high technology and discounted telecommunications services," said Michael Long, Director of Business Development for IDT. "Second, they will do this by saving Spanish and Italian callers money and providing great service. Callers will be able to make inexpensive calls using an ordinary telephone, GSM phone, fax machine or PBX." "We are pleased to be working with the leader in IP telephony," said Laura Caprile, General Manager for Capcom and Printelcard. "Capcom, using Net2Phone technology and distributing Net2Phone products, wants to give the best and most competitive services using IP. With Printelcard, its associated company, we are operating and selling prepaid telephone cards all over Spain. We want to be one of first companies operating in the prepaid market in southern Europe." 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. Capcom is an emerging telecommunications provider in Spain. Capcom currently offers long-distance calling to businesses and consumers through postpaid and calling card services. 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. CONTACT: IDT Public Relations Sarah Hofstetter 201-928-2882 or IDT Investor Relations Janine Kutliroff 201-928-4391