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

To: Keith J who wrote (8821)	6/3/1999 2:56:00 PM
From: 2MAR$	Respond to of 30916

IDT Acquires Exclusive Patent Rights for Pre-Paid Calling Ca IDT Acquires Exclusive Patent Rights for Pre-Paid Calling Cards in Europe; IDT to Collect Royalties From Debit Card Competitors Business Editors HACKENSACK, N.J.--(BUSINESS WIRE)--June 3, 1999--IDT Corporation (NASDAQ: IDTC) today announced that it has negotiated exclusive patent rights for a versatile pre-paid calling card in Europe. Under the agreement, IDT will act as the central clearinghouse for collecting royalties from distributors of pre-paid calling cards covered by the national patents corresponding to European application No. 0572991. Under the patent, IDT has obtained the exclusive rights to license the use of pre-paid Personal Identification Numbers (PINs) for pre-paid phone cards in Austria, Belgium, Switzerland, Germany, Denmark, Spain, France, United Kingdom, Greece, Ireland, Italy, Liechtenstein, Luxembourg, Monaco, Netherlands, Portugal, and Sweden. The patent also covers the exclusive rights to recharge pre-paid phone cards as well as transfer balances between calling card users. "We find this patent to be invaluable, and look forward to taking full advantage of all it has to offer," said IDT's CEO Howard Jonas. "We expect to work with existing and start-up telecommunications companies using pre-paid calling card technology in addition to continuing to sell our own branded calling cards." Having announced its entrance into the European pre-paid calling card market in 1997, IDT has strengthened its commitment to an expanding portion of the telecommunications market. IDT sells its own pre-paid calling cards throughout the United Kingdom and France, and also co-brands phone cards throughout Europe. Those interested in obtaining license rights, please call 011-44-171-549-6000. IDT is emerging as a leader in the telecommunications industry 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, and Internet access. For more information about IDT's services, please visit www.idt.net. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements, made as of the date of this press release, are based upon current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. IDT assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Investors should consult all of the information set forth herein and the other information set forth from time to time in IDT's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934, including the Company's Annual Report on Form 10-K, as amended, for the year ended July 31, 1998, and its Quarterly Reports on Form 10-Q for the three months ended October 31, 1998 and January 31, 1999. --30--rc/ny* CONTACT: IDT Finance David Brainson, 201/928-4363 davidb@corp.idt.net KEYWORD: NEW JERSEY INDUSTRY KEYWORD: TELECOMMUNICATIONS COMPUTERS/ELECTRONICS COMED BANKING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

To: Keith J who wrote (8821)	6/3/1999 2:56:00 PM
From: Peter Yang	Respond to of 30916

if an internet company has a growth rate like IDTC's, the stock price for that company will go through the roof!!!

To: Keith J who wrote (8821)	6/3/1999 2:58:00 PM
From: FieldEffect	Read Replies (1) \| Respond to of 30916

(BSNS WIRE) IDT Acquires Exclusive Patent Rights for Pre-Paid Calling Ca IDT Acquires Exclusive Patent Rights for Pre-Paid Calling Cards in Europe; IDT to Collect Royalties From Debit Card Competitors Business Editors HACKENSACK, N.J.--(BUSINESS WIRE)--June 3, 1999--IDT Corporation (NASDAQ: IDTC) today announced that it has negotiated exclusive patent rights for a versatile pre-paid calling card in Europe. Under the agreement, IDT will act as the central clearinghouse for collecting royalties from distributors of pre-paid calling cards covered by the national patents corresponding to European application No. 0572991. Under the patent, IDT has obtained the exclusive rights to license the use of pre-paid Personal Identification Numbers (PINs) for pre-paid phone cards in Austria, Belgium, Switzerland, Germany, Denmark, Spain, France, United Kingdom, Greece, Ireland, Italy, Liechtenstein, Luxembourg, Monaco, Netherlands, Portugal, and Sweden. The patent also covers the exclusive rights to recharge pre-paid phone cards as well as transfer balances between calling card users. "We find this patent to be invaluable, and look forward to taking full advantage of all it has to offer," said IDT's CEO Howard Jonas. "We expect to work with existing and start-up telecommunications companies using pre-paid calling card technology in addition to continuing to sell our own branded calling cards." Having announced its entrance into the European pre-paid calling card market in 1997, IDT has strengthened its commitment to an expanding portion of the telecommunications market. IDT sells its own pre-paid calling cards throughout the United Kingdom and France, and also co-brands phone cards throughout Europe. Those interested in obtaining license rights, please call 011-44-171-549-6000. IDT is emerging as a leader in the telecommunications industry 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, and Internet access. For more information about IDT's services, please visit www.idt.net. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements, made as of the date of this press release, are based upon current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. IDT assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Investors should consult all of the information set forth herein and the other information set forth from time to time in IDT's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934, including the Company's Annual Report on Form 10-K, as amended, for the year ended July 31, 1998, and its Quarterly Reports on Form 10-Q for the three months ended October 31, 1998 and January 31, 1999. --30--rc/ny* CONTACT: IDT Finance David Brainson, 201/928-4363 davidb@corp.idt.net KEYWORD: NEW JERSEY INDUSTRY KEYWORD: TELECOMMUNICATIONS COMPUTERS/ELECTRONICS COMED BANKING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *