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 IDT's FreeAtLast.com Announces Partnership with Clickthebutton.com |
| IDT's Totally Free Internet Service to Integrate Price Comparison Technology from Clickthebutton |
NEWARK, N.J. and NEW YORK CITY - July 12, 2000 - IDT Corporation (NASDAQ: IDTC) today announced its partnership with privately-held Clickthebutton.com, Inc., a maker of free software that allows shoppers to compare prices and product shipping costs while browsing online stores. IDT is a leading multinational telecommunications carrier, telephone company and Internet service provider. FreeAtLast.com, an IDT business unit, provides unlimited and unrestricted Internet access, emailing, faxing and Internet phone calls, completely free of charge. Through their alliance, IDT will integrate Clickthebutton.com's proprietary price comparison platform into FreeAtLast.com's Internet service, giving subscribers automatic access to Clickthebutton's free "shopping companion." This product enables online shoppers to easily and conveniently receive unbiased, point-of-sale price comparisons on over four million products, including computer hardware and software, electronics, books, movies, music, toys and games, from hundreds of online merchants. "This is a total win-win situation for everyone," said Howard Jonas, IDT's Chairman and CEO. "Our new partnership allows IDT to integrate an exciting and sophisticated new feature into FreeAtLast.com, while Clickthebutton gains a valuable distribution channel for its shopping companion product. And the consumer benefits by getting access to the speediest, most reliable and cutting-edge price comparison service on the Web." When a user wants to receive a price comparison on an item, they can simply ?click the button' and the service will return a list of prices from various stores across the Web, including tax and shipping information, along with direct links to the stores. IDT will receive a percentage of the revenues generated from the sale of products purchased through Clickthebutton's price comparison service. "We are pleased to be working with IDT's FreeAtLast.com and in helping create a superior shopping experience for its subscribers," said Cheyenne Ehrlich, Chairman and CEO of Clickthebutton. "Both our companies are in the business of bringing the best and most innovative products and services to the consumer and we look forward to developing our partnership in other areas in the future." "Clickthebutton is an innovative company that has developed a terrific tool in helping consumers make more intelligent and informed decisions when making purchases on the Internet," said Jim Courter, President of IDT. "Their shopping companion product will be a valuable addition to FreeAtLast.com, both in terms of attracting subscribers and in generating more revenues from online sales." IDT announced the launch of FreeAtLast.com on May 2nd, 2000. The service provides subscribers with unlimited, unrestricted Internet access, emailing, and Internet phone calls, completely free of charge. Clickthebutton recently previewed Version 2.0 of its price comparison software at Internet World 2000 in Los Angeles. Version 2.0 also allows shoppers to aggregate products from all over the web and compare prices on entire sets of products, including delivery charges and sales tax. This service, the first universal shopping cart software to offer price comparisons on entire sets of products, simplifies online shopping by eliminating the need to understand the shipping formulas being used by all of the different online merchants. A beta version of Version 2.0 is now available at www.Clickthebutton.com/beta. IDT CORPORATIONIDT 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 telephony, 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. About ClickthebuttonClickthebutton (www.Clickthebutton.com) was the first company to provide Internet shoppers with unbiased, point-of-sale price comparisons. The service, rated 5-stars by ZDNet, allows shoppers to compare prices on more than 4 million products at over 300 online stores. Clickthebutton.com, Inc., is a privately held company headquartered in New York City. To get Clickthebutton's free software for Windows and Macintosh, visit www.Clickthebutton.com. Download takes approximately 30 seconds on a 56K connection. Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Act of 1934, 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; (c) those discussed in our Quarterly Report on Form 10Q for the period ended April 30, 2000; and (d) 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. James Post |
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