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

To: nord who wrote (2148)	2/22/1999 8:41:00 AM
From: Hawaii60	Read Replies (2) \| Respond to of 30916

Net2phone news, Brazil and Russia: NSACK, N.J.--(BUSINESS WIRE)--Feb. 22, 1999-- New Deal Will Allow Phone-to-Phone and Real-Time Fax Communications at Drastically Reduced Rates IDT's Net2Phone (Nasdaq: IDTC) today announced that it will begin offering Internet telephony services in Brazil and Russia. Through an agreement with multinational telemarketing company TVB International, Net2Phone gateways will be installed in two developing markets to offer direct dialing, calling cards, and real-time fax using Internet telephony from a person's home or business without the need for a computer. Net2Phone's products and services enable direct low cost phone-to-phone and fax-to-fax communications over the Internet. All calls will be routed over dedicated IP lines using Net2Phone's gateways, and will enable users to place telephone calls and send faxes to any telephone or fax machine in the world. TVB Communications has set an aggressive target for installing additional Net2Phone gateways in a new country every few months. "For the last three years, TVB has been searching for the right business to strengthen our foray into Internet telephony," said David Home, president and managing director of TVB Communications International. "After fully exploring our options, we decided that Net2Phone is the perfect company to supply all our equipment and services in the IP telephony arena." This agreement enables Net2Phone to expand its phone-to-phone and fax-to-fax IP service to more countries around the world. By creating a worldwide IP telephony network, Net2Phone is able to capitalize on deregulating markets and begin offering more low-cost and value-added services in countries that become open to competition. "TVB's international status makes it a perfect choice for us to expand our product offerings to a more global market," said David Greenblatt, chief operating officer of Net2Phone. "We are aggressively working with TVB to market IP Telephony to both business clients and the general population in developing countries." 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. TVB Communications International was established in 1991 to operate independent telemarketing for five star hotel chains. Over the last eight years, TVB's operation has expanded to represent 50 International hotels in more than 15 countries. TVB also owns a 20% share of Bulgaria's largest ISP server company BlsOnline that is in the process of linking nine of Bulgaria's largest cities to the Internet by satellite. TVB currently has 22 offices and more than 400 employees in offices in Brazil, Morocco, Egypt, Saudi Arabia, Pakistan, India, Zimbabwe, Turkey, Russia, Yemen, Oman, Bulgaria, Dubai and Australia. New offices are planned to open in South Africa, Uganda, Croatia and the Republic of Georgia.