Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: j g cordes who wrote (2058)	2/16/1999 9:12:00 AM
From: Hawaii60	Read Replies (2) \| Respond to of 30916

Wells Fargo to market IDT Wells Fargo Chooses IDT as LongDistance and Calling Card Provider February 16, 1999 08:46 AM HACKENSACK, N.J.--(BUSINESS WIRE)--Feb. 16, 1999-- Leading Multinational Telecom to Provide Phone Cards and Long Distance Services to Wells Fargo Business and Consumer Credit Card Customers IDT IDTC today announced it has signed an agreement with Wells Fargo, the nation's 7th largest U.S. bank holding company, to offer long distance services and create customized calling cards for customers to use along with the Wells Fargo credit card. Under the agreement, Wells Fargo will market IDT's long distance services and calling cards to their small business credit and consumer credit customers nationwide through specialized direct mailing pieces, statement messages and inserts in billing statements. As the leading provider of end-to-end calling card solutions, IDT is providing special toll-free numbers for Wells Fargo customers to take advantage of low-cost long distance calling. Wells Fargo credit card users will receive a sticker with the toll-free phone card access number that can be adhered to their credit cards. Users will also be able to customize their calling card PIN number. Furthering its commitment to customer service, IDT will implement a separate toll free customer service number exclusively for Wells Fargo clients. "We are partnering with IDT Corporation to provide our credit card customers the advantage of low long distance rates and the convenience of calling cards," stated Leisa Peterson, Wells Fargo Business Benefits Manager. "The calling card market is growing at such a rapid pace that it makes sense for Wells Fargo to offer these benefits to our customers." "Millions of customers trust the Wells Fargo name and IDT is thrilled to be able to work with the bank to offer calling card and long distance services to both new and existing Wells Fargo credit card customers," said Ed Miller, Vice President of Corporate Sales for IDT. "M&M's"(R) Chocolate Candies and The Veterans of Foreign Wars (VFW) are among the many clients that have chosen IDT private label phone cards to serve as a promotional item, generating brand name awareness. For more information on IDT's promotional and private label prepaid calling services, call 1-800-786-8438. Wells Fargo Bank, N.A. is the primary subsidiary of Wells Fargo & Co., founded in 1852. Stock of Wells Fargo & Co. is traded on the New York, Pacific, London and Frankfurt stock exchanges. 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.