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Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (1978)	11/23/1998 8:01:00 AM
From: Stephen B. Temple	Respond to of 3178

idt gives gift for thanksgiving November 23, 1998 HACKENSACK, N.J.--(BUSINESS WIRE) Net2Phone offers 15 free minutes of PC-to-phone calling all Thanksgiving weekend long IDT (NASDAQ: IDTC) today announced that it is giving away 15 free minutes of calling to all new Net2Phone users to call anyone in the United States throughout Thanksgiving weekend. Using IDT's Net2Phone, which is free and downloadable off the web at www.net2phone.com, users can chat away for 15 minutes free to anyone in the U.S. from their multimedia PCs from 12:01 a.m. on Thursday, November 26 through midnight on Sunday, November 29 Eastern Standard Time. "We are delighted to have the opportunity to bring family and friends together on Thanksgiving," said David Greenblatt, Chief Operating Officer of Net2Phone. "More than 1,000,000 Net2Phone users have reaped the benefits of placing phone calls over the Internet, and we want to encourage more people to utilize the Internet as a full-service communications tool. " Net2Phone enables Internet users to place calls to any telephone in the world via the Internet, transforming multimedia computers into full service communications tools. Recipients of the call need not be online as calls are routed directly to traditional telephones. Because calls are placed through the Internet, phone rates are not based on the country of origin. Net2Phone has also dropped other rates on a permanent basis (unless they get lower). Rates to Japan have dropped to $0.17 per minute, New Zealand to $0.12 per minute, Hong Kong to $0.19 per minute, Taiwan to $0.29 per minute and Chile for $0.16 per minute. 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. CONTACT: Sarah Hofstetter \| IDT Public Relations \| 201-928-2882/ sarah@corp.idt.net \| or \| Janine Kutliroff \| IDT Investor Relations \| 201-928-4391/ janinek@corp.idt.net [Copyright 1998, Business Wire]