NEWARK, NJ, & DALLAS, TX – OCT. 4, 2005 – This month, 7-Eleven, Inc. (NYSE: SE) begins offering one of the lowest, flat-per-minute rates for 41 variations of domestic and international long-distance prepaid calling cards, including two that are re-chargeable. IDT Telecom is the provider of these integrated, low-cost calling cards, which offer consumers the ability to obtain minutes quickly by charging and re-charging the same swipe-activated card.
IDT Telecom is a subsidiary of IDT Corporation, (NYSE IDT, IDT.C) an international telecom, entertainment and technology company.
Participating 7-ElevenÒ stores will carry a re-chargeable, co-branded IDT/7-Eleven Universal domestic calling card selling in denominations of $5, $10 and $20, and a re-chargeable, co-branded $5 calling card designated for calls to Mexico. An assortment of regional calling cards that are tailored to specific demographics with average rates of five cents a minute or less also will be available in all 7-Eleven markets.
“IDT offers an extremely competitive rate on prepaid calling cards,” said Kevin Elliott, 7-Eleven, Inc.’s vice president of merchandising. “These discounted cards provide added convenience for consumers along with fast loading, and re-charging features and lower rates.”
All of the domestic and international calling cards allow for phone calls anywhere. For example, the $5 re-chargeable international calling card gives consumers approximately 90 minutes of talk time, offering a convenient, low-cost way to call friends and family in Mexico. The cards contain local access numbers and 1-800 access numbers for long distance calling. Rates vary by country for international calling.
The prepaid cards, which are swipe-activated by the store sales associate through the point-of-sale (POS) register, make it convenient for a customer to pay in a quick, simple transaction. The cards have a 12-month expiration date from the time the card is first activated.
“Because of our extensive telecommunications network and our ability to connect calls virtually anywhere in the world, we can offer consumers great value,” said Jim Courter, IDT’s CEO. “The introduction of IDT Universal calling cards at 7-Eleven’s 5,300 U.S. stores brings new meaning to the company’s slogan ‘Oh, Thank Heaven.’ Just as 7-Eleven stores are synonymous with convenience, IDT is well known for providing consumers with low-cost prepaid telecommunications products.”
About 7‑Eleven, Inc.
7‑Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Headquartered in Dallas, Texas, 7-Eleven, Inc. operates or franchises more than 5,800 7-Eleven® stores in the United States and Canada and licenses more than 23,000 7-Eleven stores in 17 other countries and U.S. territories. During 2004, 7-Eleven stores worldwide generated total sales of approximately $41 billion. Find out more online at www.7-Eleven.com.
IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company’s initiatives in brochure distribution, retail energy and new technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers.
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.