To: TokyoMex who wrote (53022 ) 2/8/1999 9:12:00 AM From: Andrew H Read Replies (1) | Respond to of 119973
IDTC on the move with NEWS. Should open around 17! NEWS: Net2Phone Announces Agreement with RealNetworks Ideal synergies apparent between leading media streaming company and leading Internet telephony provider HACKENSACK, NJ - February 8, 1999 -- IDT's (NASDAQ: IDTC) Net2Phone today announced that it has entered into an agreement with RealNetworks, Inc. (NASDAQ: RNWK), the recognized leader in streaming media, where Net2Phone, the first PC-to-phone service, will be offered to RealNetworks' global customer base of more than 50 million users. Beginning today, RealNetworks will market Net2Phone, which enables users to make phone calls from their PCs to any telephone in the world at reduced rates, in the “RealStore” (www.realstore.com) and on the RealNetworks international web pages. "RealNetworks is an ideal partner for Net2Phone, especially since all of their customers have multimedia PCs and are very Internet savvy," said David Greenblatt, Chief Operating Officer of Net2Phone. "We believe RealNetworks' customers will find value-added benefits by using Net2Phone, such as two-way audio streaming, backchanneling, and low-cost phone calling." "IDT's Net2Phone is a compelling, easy to use product,” said Mike Eisenberg, General Manager of RealNetworks' E-Commerce Division. “Making phone calls using multimedia capable PCs connected to the Internet and reaping major cost savings makes sense.” Net2Phone has already established relationships with Yahoo! (NASDAQ: YHOO), Excite (NASDAQ: XCIT), IBM Global Services (NYSE: IBM), Creative Labs (NASDAQ: CREAF), and broadcast.com (NASDAQ: BCST), and is continuing to develop new offerings for the consumer through Net2Phone's value-added applications such as Click2Talk, Click2Call Me, and easysurf.com. Net2Phone enables voice data to be carried over the Internet's packet switched network until it reaches traditional telephone infrastructure. There the signal is converted to the circuit switched network used by telephones, enabling the signal to be received by any phone worldwide. 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, Click2Talk, and easysurf.com. 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.