The new program, called Net2Phone USA, integrates a world-class pre-paid
calling platform into IDT/Net2Phone's domestic and worldwide IP/telecom
network. Net2Phone USA generates aggressive returns to resellers while
offering strikingly competitive rates to end users. All US long distance
calls sent over the Internet are 5 cents per minute, and many countries are
priced at 10 cents per minute (for On-Net callers).

 

Net2Phone USA enables LD resellers, MLMs, calling card distributors, and
others to offer pre-paid calling cards routed over the Internet through
retail, wholesale, and customizable programs. This program is ideal for
communications companies such as Internet service providers,
telecommunications companies, cable companies, consumer product companies, and online shopping companies who can leverage their existing customer base by offering Internet-based calling cards, which can generate additional revenue stream to cost-conscious customers. The minimum reseller initial commitment is $25,000. "We believe US consumers are ready for IP Telephony. This is a perfect opportunity for communications companies to provide IP based services to their end users to create additional revenues stream," said Jonathan Rand, Vice President, Sales, Net2Phone.

Net2Phone USA users can benefit immediately by the low rates and ease of use of the platform. IP Telephony calling card services are available in
minute or dollar denominations and can terminate calls to over 230 countries worldwide. Resellers in New York, Atlanta and Chicago can already take advantage of the benefits of this new program, where users can call to anywhere in the world at significantly reduced rates. The Company plans to bring 30 cities live over the next six months. 800- number access is available nationwide for Off-Net customers.

 

Contact Gene Grossman, National Sales Director, for further information at
201-928-2965.

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 Internet telephony services, please visit www.net2phone.com.

 

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.