To: Stephen B. Temple who wrote (2126 ) 12/16/1998 4:58:00 AM From: Stephen B. Temple Respond to of 3178
IDT's Net2Phone Direct to Launch Nationwide Reseller Program December 16, 1998 HACKENSACK, N.J.--(BUSINESS WIRE) Ideal solution for ISPs, telecoms, cable companies, and consumer product providers IDT's (NASDAQ: IDTC) Net2Phone today announced plans to unveil its new reseller program specifically designed for IP telephony resellers in the United States. The new program, called Net2Phone USA, integrates a world-class pre-paid calling platform into IDT/Net2Phone's domestic and worldwide IP/telecom network. Net2Phone USA generates aggressive returns to resellers while offering strikingly competitive rates to end users. All US long distance calls sent over the Internet are 5 cents per minute, and many countries are priced at 10 cents per minute (for On-Net callers). Net2Phone USA enables LD resellers, MLMs, calling card distributors, and others to offer pre-paid calling cards routed over the Internet through retail, wholesale, and customizable programs. This program is ideal for communications companies such as Internet service providers, telecommunications companies, cable companies, consumer product companies, and online shopping companies who can leverage their existing customer base by offering Internet-based calling cards, which can generate additional revenue stream to cost-conscious customers. The minimum reseller initial commitment is $25,000. "We believe US consumers are ready for IP Telephony. This is a perfect opportunity for communications companies to provide IP based services to their end users to create additional revenues stream," said Jonathan Rand, Vice President, Sales, Net2Phone. Net2Phone USA users can benefit immediately by the low rates and ease of use of the platform. IP Telephony calling card services are available in minute or dollar denominations and can terminate calls to over 230 countries worldwide. Resellers in New York, Atlanta and Chicago can already take advantage of the benefits of this new program, where users can call to anywhere in the world at significantly reduced rates. The Company plans to bring 30 cities live over the next six months. 800- number access is available nationwide for Off-Net customers. Contact Gene Grossman, National Sales Director, for further information at 201-928-2965. 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. <<Business Wire, 12-15-98, 09:18 Eastern>>