To: Condor who wrote (6245 ) 4/23/1999 4:16:00 PM From: Augustus Gloop Respond to of 30916
This was good PR: Thursday April 22, 6:02 am Eastern Time Company Press Release IDT Launches 'KosoKard' for NATO Armed Forces Offers Discounts On Already Reduced Pre-Paid Callback Phone Cards to Military Personnel HACKENSACK, N.J.--(BUSINESS WIRE)--April 22, 1999-- IDT Corporation (NASDAQ:IDTC - news) today announced that it has launched a Debitalk pre-paid callback calling card geared to the US and NATO Armed Forces in the Kosovo region. The ''KosoKard'' enables troops to call home during this sensitive wartime period enabling them to keep in touch with their families and loved ones. To ease the hardships imposed on the military personnel and their families, IDT is offering a KosoKard promotion of a 25% discount on all Debitalk KosoKards sold, which is approximately a 50-75% savings off local phone company rates. Debitalk is a pre-paid callback phone card allowing people around the world to bypass the high costs of placing international calls from countries outside of the U.S. Debitalk gives callers the ability to make the international call as if he/she was calling from the U.S.; thus the lower rates apply. ''IDT recognizes the hardships caused by wartime efforts and is proud to be able to offer those stationed abroad with an economical way of keeping in touch with their families and loved ones back home,'' said Ami Reschke, Director of International Business Development for IDT Debitalk. ''That is why IDT Debitalk is proud to contribute with a 25% discount on each KosoKard account which is purchased on behalf of military personnel.'' KosoKards may be purchased in $50, $100, $250, $500 or $1,000 pre-paid increments. Like Debitalk, each KosoKard must be programmed to a touch tone phone with a pre-determined callback number. Those currently stationed in the Kosovo region who would like to benefit from IDT's KosoKard promotion can visit www.debitalk.com and click on the KosoKard sign-up link or call 1-888-999-2226 or 201-928-2977 to sign up for a Debitalk account by phone. For more information about becoming a reseller or agent for Debitalk or the KosoKard, please visit www.debitalk.com and click on ''Reseller Info'' or call 201-928-2977 for more information about the distributorship program. 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 services, please visit www.idt.net. 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.