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 IDT Corporation Announces Launch of "Aqui y Alla" Pre-paid Calling Card for the Spanish-Speaking Marketplace |
| Product combines IDT's pre-paid platform with Callback technology for convenient, low-cost calling to and from Latin America |
NEWARK, N.J. - May 25, 2000 - IDT Corporation (NASDAQ: IDTC) today announced the launch of its "Aqui y Alla" pre-paid calling card product, targeted toward the Company's large and growing base of Spanish-speaking clientele, both in the United States and in Latin America. IDT is a leading multinational carrier, telephone company and Internet service provider. "Communicating with family and friends shouldn't have to be an expensive and difficult ordeal," said Howard Jonas, IDT's Chairman and CEO. "Aqui y Alla" is another prime example of how IDT is working aggressively to make global communications easier and more affordable for everyone, no matter where they live or where they're calling from." "Aqui y Alla" will be available in the U.S. this summer and distributed by Union Telecard Alliance through its extensive distribution network of over 100,000 community-based retail outlets, including convenience stores and gas stations. By incorporating voice and programming prompts in Spanish, the card is a convenient and inexpensive way for users to communicate with their friends and relatives in Latin America. "The "Aqui y Alla" initiative is indicative of IDT's continuing commitment to identify the needs and provide solutions for our Latin American consumer base," said Ami Reschke, Vice President of Sales & Product Development. Union Telecard currently markets over 125 pre-paid calling card products, which are primarily distributed to the various ethnic groups in the U.S. who make international calls. In March 1998, IDT announced it had acquired a 50% interest in Union Telecard Alliance, a move that secured and expanded the distribution of IDT's pre-paid phone cards in key markets nationwide. IDT's Callback Division introduced its flagship Debitalk product in February, 1999. Debitalk was IDT's first pre-paid calling card to incorporate the Company's Callback technology. Both "Aqui y Alla" and Debitalk are "universal" products that enable users to place international calls from any country in the world to any other country and receive low U.S. overseas rates. "The Spanish-speaking market has always been an important one for IDT, and we greatly value the loyal customer base we have established within the community," said Jim Courter, President of IDT. "Aqui y Alla" is a terrific product and one which should help to broaden our clientele and increase our revenues as we work to take advantage of the rapid growth in the pre-paid calling card market." For more information about becoming a reseller or agent of Debitalk or the "Aqui y Alla" card, please visit www.debitalk.com and click on the "Aqui y Alla" link or call (888) 999-2226 or (201) 928-2977 for more information about the distributorship program. IDT is a leading facilities-based multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet Service Provider to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. Through its own telecommunications backbone and network infrastructure IDT provides its customers with integrated and competitively priced international and domestic long distance, prepaid calling cards, Internet access and Digital Subscriber Line (DSL) service. The Company's Ventures business is developing several innovative telecom and Internet related businesses. 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 Act of 1934. Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; and (c) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward looking statements. For Investor inquiries or to be taken off or added to the fax list, please contact: |
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