Net2Phone and GeoCities Sign Agreement
Leading PC-to-phone service joins program to generate
GeoCities' 3.5 million members
Hackensack, NJ - March 9, 1999 - IDT's (NASDAQ: IDTC) Net2Phone,
the market leader in Internet telephony services, today announced
that it has signed an agreement with GeoCities (NASDAQ: GCTY), the
world's largest and one of the fastest-growing communities of personal
Web sites, to become a member of its e-commerce affiliate program.
Net2Phone, the exclusive PC-to-phone service marketed through Pages
That Pay(http://www.geocities.com/pagesthatpay), will now gain access
to GeoCities' 3.5 million members, who can now act as sales agents
for the Company to earn residual commissions on Net2Phone sales.
GeoCities' members can earn money easily by simply choosing to offer
Net2Phone from their Web sites. When visitors complete sales from
Net2Phone, the member earns a percentage of the revenue.
"We are pleased to have Net2Phone aboard Pages That Pay affiliate
program," said Thomas R. Evans, President and CEO of GeoCities.
"Our members are always looking for value-added applications
as well as ways to generate money from their Web sites."
Net2Phone joins leading e-commerce sites such as barnesandnoble.com,
Egghead.com, MSN Expedia, and Value America in the Pages That Pay
"Net2Phone has prided itself on quality partnerships. We are
pleased to be working with GeoCities to further expand the reach
of Net2Phone to all of its Homesteaders," said Mordy Rothberg,
Executive Vice President of Net2Phone. "Pages That Pay is a
win-win program for both merchants like Net2Phone as well as GeoCities'
members, and we look forward to working closely to ensure revenues
from this new relationship."
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, Click2Talk, and easysurf.com.
For more information about IDT's Internet telephony services, please
Based in Marina del Rey, California, with offices in New York and
Francisco, GeoCities is the world's largest and one of the fastest-growing
communities of personal Web sites on the Internet. Over 3.5 million
GeoCities Homesteaders have created over 32 million pages of personalized
content. In December 1998, the GeoCities site generated more than
1.6 billion page views per month, according to Nielsen I/PRO, and
in January 1999, the site attracted nearly 19 million unique visitors
and is ranked the fifth most trafficked site on the Internet, according
to Media Metrix.
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.
Vice President, Corporate Communications