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 IDT Recruits Jack Kemp
Former U.S. Secretary of Housing and Urban Development Joins
Leading International Communications Company in an advisory role
Hackensack, NJ. -- April 29, 1998 -- IDT Corporation (NASDAQ: IDTC)
today named former U.S. Congressman and Vice Presidential candidate
Jack Kemp as a Senior Strategic Advisor to IDTs Board of Directors.
Mr. Kemp will advise and assist the Company with its strategy to
create a full-service global communications company. Mr. Kemp will
also be active in helping the Company develop relationships worldwide
and market its technologies for commercial applications. "IDT
has proven itself a leader in international telecommunications as
the world moves towards deregulation and privatization in the telecom
industry, and Im fortunate to be working with this company
and its spectacular management while they are experiencing such
growth," said Mr. Kemp. "The president of the company,
Jim Courter and I, have been close friends ever since serving as
colleagues in the U.S. Congress together in the 1970s and 1980s,
and I look forward to working closely with him and a company that
has cutting edge technology and is leading the way in ensuring affordable
and unfettered communications worldwide." A former vice presidential
candidate, Mr. Kemp co-founded Empower America, a public policy
and advocacy organization focused on promoting economic growth and
entrepreneurship around America. From 1989-1992, Mr. Kemp served
on the Cabinet as the Secretary of Housing and Urban Development.
Prior to his appointment to the Cabinet, Mr. Kemp represented the
western New York for 18 years in the U.S. House of Representatives.
He served for seven years in the Republican Leadership as Chairman
of the House Republican Conference. "Jack Kemp is known worldwide
for his energy and the strength of his core beliefs. IDT is fortunate
to have a man of Jack Kemps stature join us as our senior
strategic advisor. It will also be personally gratifying to me to
work closely with him once again," said IDTs President
Jim Courter. Born and raised in Los Angeles, Mr. Kemp resides in
Bethesda, Md. with his wife, Joanne. They have four children and
11 grandchildren. 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, Internet
access and, through its Net2Phone product offerings, Internet telephony
services.
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