NEWARK, N.J., March 23, 2020 – net2phone, a global provider of cloud communications solutions to businesses, today announced that Microsoft Teams users who sign up for net2phone’s fully integrated Global Calling Plan for Microsoft Teams will receive their first 90 days of service at no cost — including unlimited calling to the U.S., Canada and over 40 international destinations.

“Reaction to the COVID-19 pandemic is accelerating adoption of Microsoft Teams and other platforms that facilitate collaboration across the enterprise for a dispersed workforce,” said Jonah Fink, President of net2phone. 

“Businesses must have reliable untethered and ‘boundary-less’ communications and collaboration to compete.  That’s why we are offering our Global Calling Plan for Microsoft Teams free for 90 days.  The Plan features seamlessly integrated calling including unlimited international calls to most popular destinations within the Teams environment,” Jonah Fink added.

Global Calling Plan for Teams users can initiate calls to their contacts, numbers or to extensions from any Microsoft Teams conversation or sidebar. The net2phone installation and integration process leverages the power of the cloud to provide a fully automated and managed solution without added equipment or infrastructure.

net2phone’s free 90-day service offer requires service enrollment, which the client may cancel at any time.  This offer is available to Microsoft Teams users in the U.S., Canada, Brazil, Mexico, Argentina, Colombia, Spain and Hong Kong.

To learn more and sign up for net2phone’s Global Calling Plan for Microsoft Teams with 90 days of free service, visit us here or e-mail: sales@net2phone.com. 

About net2phone:
net2phone’s cloud communications solutions help businesses around the globe succeed through smarter conversations. net2phone is a subsidiary of IDT Corporation (NYSE: IDT), a provider of telecommunications and payment services.  To learn more, please visit net2phone.com, connect with us on LinkedIn.  Channel partners contact: partner@net2phone.com.  Customer contact: sales@net2phone.com.

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SOURCE net2phone

NEWARK, N.J., March 9, 2020 – National Retail Solutions (NRS), the operator of a leading nationwide point-of-sale (POS) network for independent retailers, announced that it is offering public health agencies complimentary access to its digital out-of-home (DOOH) advertising network to disseminate critical public health announcements during the COVID-19 outbreak.

“Our retailer partners are concerned by the potential of the COVID-19 outbreak to impact their businesses.  However, they are even more worried by what the virus may mean to the health of their customers and their families,” said Elie Y Katz, President of NRS.  “To support these independent retailers and the urban communities they serve across the country, we are offering governmental public health agencies the ability to display PSAs free of charge on the 8,000 plus screens of our NRS Digital Media Impact Network to share critical public health information, updates and advisories.”

Eli Korn, COO of NRS, explained, “The majority of our retail partners serve multicultural, immigrant-dense metropolitan areas across the U.S.  These are among the most hard-to-reach and culturally diverse communities in the country.  Within these communities, bodegas and independent neighborhood convenience stores often serve as informal community centers where customers share news and information.  We invite governmental public health agencies to utilize our digital display network to help keep these communities advised of evolving public health advisories and critical healthcare and safety information.”

The NRS Digital Media’s Impact Network reaches approximately 35 million people per month, predominantly in the nation’s urban centers. The Impact Network’s display screens are located at eye-level at the point of sale in 8,000+ independent convenience, grocery, liquor and tobacco stores nationwide.  Unlike most conventional advertising venues, NRS has the ability to provide updated content on demand through its Impact Network as new health information becomes available.

NRS can run 8-10 second static or video advertising as part of a 60-second loop.  PSAs and advertisements can be run in any language, and NRS can provide agencies with information on language and demographics regionally and for specific stores.  Advertising is visual only (without sound).

NRS is offering this public service to governmental public health agencies for the remainder of the month of March 2020 and may extend the offer at its discretion as conditions warrant.  This offer is contingent upon, and subject to, limitations based on network capacity, appropriate volumes, and content at the sole discretion of NRS.

Agencies interested in participating should contact Leslie Ruder at lruder@nrsplus.com, call 973.438.5731 or inquire via nrsadvertising.com.

About National Retail Solutions (NRS):

NRS operates a point-of-sale (POS) terminal-based platform plus NRS PAY credit card processing for independent retailers and bodega owners nationwide. The platform provides a robust portfolio of tools to help these retailers compete more effectively, including inventory tracking, store statistics, user management, one-touch Boss Revolution® PIN-less recharge, and integration with the BR Club customer loyalty program. Consumer packaged goods (CPG) suppliers are able to leverage the NRS platform to provision promotions, coupons and special offers to independent retailers and their predominantly urban customer bases nationwide. NRS is a subsidiary of IDT Corporation (NYSE: IDT).

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SOURCE National Retail Solutions

NEWARK, N.J., March 5, 2020 — IDT Corporation (NYSE: IDT) reported net income per diluted share of $0.04 and Non-GAAP earnings per diluted share* of $0.11 on revenue of $323.9 million for the second quarter of FY 2020, the three months ended January 31, 2020.

2Q20 OPERATIONAL HIGHLIGHTS
(Results are for 2Q20 and are compared to 2Q19)

• net2phone's cloud-based Unified Communications as a Service (UCaaS) offering served 123,000 seats as of January 31, 2020 compared to 77,000 a year earlier. Subscription revenue increased 41.7% to $7.5 million. During the quarter, net2phone entered Spain – its first European Union market – through the acquisition of RingSouth, a UCaaS provider based in Murcia.
• National Retail Solutions (NRS) had deployed over 11,300 point-of-sale (POS) terminals with independent retailers nationwide as of January 31^st, of which approximately 8,700 were active on January 31, 2020 compared to 6,600 a year earlier. NRS revenue increased 35.0% to $2.1 million;
• BOSS Revolution Money Transfer transactions increased to 1.25 million from 784,000 in the year ago quarter. Total revenue increased 45.0% from the year ago quarter to $7.7 million, while revenue from retailer originated transactions increased 53.6% to $3.0 million.

REMARKS BY SHMUEL JONAS, CEO

“During the second quarter, we continued to invest in our higher growth and higher margin businesses, including net2phone, National Retail Solutions and BOSS Revolution Money Transfer, while maximizing the cash generation from our core offerings.

“And once again this quarter, the growth capital for our higher growth businesses was provided from cash generated by our core offerings.

“The second quarter's financial results reflect the increasing positive margin impact of these newer businesses, as well as the stable contribution from our legacy core offerings.”

CONSOLIDATED RESULTS 

*Throughout this release, Non-GAAP earnings per diluted share, Adjusted EBITDA, and Non-GAAP net income (loss) for all periods presented are Non-GAAP measures intended to provide useful information that supplements IDT's or the relevant segment's results in accordance with GAAP.  Revenue less direct cost of revenue as a percentage of revenue is a key performance metric. Please refer to the Reconciliation of Non-GAAP Financial Measures and Explanation of Key Performance Metric at the end of this release for an explanation of these terms and their respective reconciliations to the most directly comparable GAAP measure. 

Notes on Consolidated Results and Balance Sheet

Consolidated results for all periods presented include corporate overhead.  Corporate G&A expense decreased to $2.3 million in 2Q20 from $2.4 million in 2Q19.

As of January 31, 2020, IDT held $75.7 million in unrestricted cash, cash equivalents, debt securities and current equity investments. Current assets totaled $355.5 million and current liabilities totaled $376.0 million.

Net cash used in operating activities during 2Q20 was $18.3 million, including the impact of a $22.4 million decrease in customer deposits at IDT's Gibraltar-based bank, compared to net cash provided by operating activities of $29.8 million in the year ago quarter, including a $23.4 million increase in customer deposits at the bank.  

Capital expenditures were $3.8 million and $4.9 million in 2Q20 and 2Q19, respectively. 

RESULTS BY SEGMENT
(Results are for 2Q20 and are compared to 2Q19)

Telecom & Payment Services (TPS)
IDT's TPS segment accounted for 96.0% and 96.7% of IDT's consolidated revenue in 2Q20 and 2Q19, respectively.  The segment includes Core and Growth verticals: 

Core includes IDT's three largest communications and payments offerings by revenue: BOSS Revolution Calling, an international long-distance calling service marketed primarily to immigrant communities in the U.S.; Carrier Services, which provides international long-distance termination and outsourced traffic management solutions to telecoms worldwide; and Mobile Top-Up, which enables customers to transfer airtime and bundles of airtime, messaging and data credits to mobile accounts internationally and domestically. Core also includes smaller communications and payments offerings, many in harvest mode.

Growth primarily comprises National Retail Solutions, which operates a POS, terminal-based network for independent retailers, and BOSS Revolution Money Transfer, an international money remittance service for customers in the U.S.

net2phone
IDT's net2phone segment accounted for 4.0% and 3.3% of IDT's consolidated revenue in 2Q20 and 2Q19, respectively.  The segment comprises two verticals: 

net2phone-UCaaS, a unified cloud communications service for businesses in North and South America and certain other international markets.

net2phone-Platform Services provides telephony services to cable operators and other businesses by leveraging a common technology platform.

Revenue in 2Q20 and comparative periods for all verticals and for the most significant core offerings is provided in the following chart:

Segment level financial results are summarized in the following chart:

TPS Segment Takeaways:

• BOSS Revolution Calling revenue decreased 7.7% to $112.8 million and Carrier Services revenue decreased 20.5% to $101.7 million, in line with expectations;
• Mobile Top-Up revenue increased 18.0% to $75.8 million on increased sales of bundled offerings;
• NRS revenue increased by 35.0% to $2.1 million, led by increased sales of credit card processing services to retailers operating NRS terminals, increased sales of transaction data to data analytics and consumer package goods marketers, and increased advertising capacity offered to digital-out-of-home advertisers. NRS increased the number of POS terminals active in its network as of January 31, 2020 to approximately 8,700 from 6,600 a year earlier;
• BOSS Revolution Money Transfer revenue increased 45.0% to $7.7 million

net2phone Segment Takeaways:

• Consolidated net2phone-UCaaS revenue increased 31.7% to $7.9 million, led by growth in the US and South American markets.
• net2phone-UCaaS subscription revenue for its cloud communications offering – exclusive of equipment sales – increased 41.7% to $7.5 million;
• net2phone's cloud communications offering served 123,000 seats as of January 31^st, exclusive of seats acquired via the RingSouth acquisition, compared to 77,000 a year earlier and 112,000 as of October 31, 2019.

IDT EARNINGS ANNOUNCEMENT & SUPPLEMENTAL INFORMATION

This release is available for download in the “Investors & Media” section of the IDT Corporation website (https://www.idt.net/investors-and-media) and has been filed on a current report (Form 8-K) with the SEC.

IDT will host an earnings conference call beginning at 5:30 PM Eastern today with management's discussion of results, outlook and strategy followed by Q&A with investors. 

To listen to the call and participate in the Q&A, dial toll-free 1-888-348-8417 (from US) or 1-412-902-4243 (international) and request the IDT Corporation call.

A replay of the conference call will be available approximately three hours after the call concludes through March 12, 2020. To access the replay, dial toll free 1-844-512-2921 (from US) or 1-412-317-6671 (international) and provide this replay number: 10139692.  A replay will also be acces
sible via streaming audio at the IDT investor relations website (https://www.idt.net/investors-and-media).

ABOUT IDT:
IDT Corporation (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution^®, net2phone^® and National Retail Solutions^® brands.  IDT's wholesale carrier services business is a leading global carrier of international long-distance calls.  For more information on IDT, visit www.idt.net.

All statements above 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.  Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

Reconciliation of Non-GAAP Financial Measures for the
Second Quarter Fiscal 2020 and 2019 and Explanation of Performance Metric

In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), IDT also disclosed, for 2Q20, 1Q20, and 2Q19, Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share, which are non-GAAP measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.

IDT's measure of Adjusted EBITDA consists of revenue less direct cost of revenues and selling, general and administrative expense. Another way of calculating Adjusted EBITDA is to start with income (loss) from operations, add depreciation and amortization, severance expense, and other operating expense, and deduct other operating gains.

IDT's measure of non-GAAP net income starts with net income (loss) in accordance with GAAP and adds severance expense, stock-based compensation, and other operating expense, net. 

IDT's measure of non-GAAP earnings per share is calculated by dividing non-GAAP net income by the diluted weighted-average shares.

These additions and subtractions are non-cash and/or non-routine items in the relevant fiscal 2020 and fiscal 2019 periods.

Management believes that IDT's Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share measures provide useful information to both management and investors by excluding certain expenses and non-routine gains and losses that may not be indicative of IDT's or the relevant segment's core operating results. Management uses Adjusted EBITDA, among other measures, as a relevant indicator of core operational strengths in its financial and operational decision making. In addition, management uses Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share to evaluate operating performance in relation to IDT's competitors. Disclosure of these financial measures may be useful to investors in evaluating performance and allows for greater transparency to the underlying supplemental information used by management in its financial and operational decision-making. In addition, IDT has historically reported similar financial measures and believes such measures are commonly used by readers of financial information in assessing performance, therefore the inclusion of comparative numbers provides consistency in financial reporting.

Management refers to Adjusted EBITDA, as well as the GAAP measures income (loss) from operations and net income (loss), on a segment and/or consolidated level to facilitate internal and external comparisons to the segments' and IDT's historical operating results, in making operating decisions, for budget and planning purposes, and to form the basis upon which management is compensated.

While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or capitalized in prior periods. IDT's Adjusted EBITDA, which is exclusive of depreciation and amortization, is a useful indicator of its current performance.

Severance expense is excluded from the calculation of Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share. Severance expense is reflective of decisions made by management in each period regarding the aspects of IDT's and its segments' businesses to be focused on in light of changing market realities and other factors. While there may be similar charges in other periods, the nature and magnitude of these charges can fluctuate markedly and do not reflect the performance of IDT's core and continuing operations.

Other operating expense, net, which is a component of income (loss) from operations, is excluded from the calculation of Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share. Other operating expense, net includes accruals for non-income related taxes related to one of IDT's foreign entities, legal fees related to Straight Path Communications Inc.'s stockholders' putative class action and derivative complaint, and expense for the indemnification of a net2phone cable telephony customer related to patent infringement claims brought against the customer. From time-to-time, IDT may incur costs related to non-routine tax and legal matters, however, these matters do not occur each quarter. IDT does not believe the gains or losses from these non-routine matters are components of IDT's or the relevant segment's core operating results.

The other calculation of Adjusted EBITDA consists of revenue less direct cost of revenues and selling, general and administrative expense. As the other excluded items are not reflected in this calculation, they are excluded automatically and there is no need to make additional adjustments. This calculation results in the same Adjusted EBITDA amount and its utility and significance is as explained above.

Stock-based compensation recognized by IDT and other companies may not be comparable because of the variety of types of awards as well as the various valuation methodologies and subjective assumptions that are permitted under GAAP. Stock-based compensation is excluded from IDT's calculation of non-GAAP net income and non-GAAP earnings per share because management believes this allows investors to make more meaningful comparisons of the operating results per share of IDT's core business with the results of other companies. However, stock-based compensation will continue to be a significant expense for IDT for the foreseeable future and an important part of employees' compensation that impacts their performance.

Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share should be considered in addition to, not as a substitute for, or superior to, income (loss) from operations, cash flow from operating activities, net income (loss), basic and diluted earnings (loss) per share or other measures of liquidity and financial performance prepared in accordance with GAAP. In addition, IDT's measurements of Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share may not be comparable to similarly titled measures reported by other companies.

Following are reconciliations of Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share to the most directly comparable GAAP measure, which are, (a) for Adjusted EBITDA, income (loss) from operations for IDT's reportable segments and net income (loss) for IDT on a consolidated basis, (b) for non-GAAP net income, net income (loss), and (c) for non-GAAP earnings per share, basic and diluted earnings (loss) per share.

Revenue less direct cost of revenue as a percentage of revenue is a financial metric that measures changes in our revenue relative to changes in direct cost of revenue during the same period. Revenue and direct cost of revenue in this metric are from IDT's consolidated statements of operations in accordance with GAAP. Revenue less direct cost of revenue as a percentage of revenue is a ratio in which revenue less direct cost of revenue is the numerator and revenue are the denominator. It is useful for monitoring trends in the generat
ion of revenue as well as for evaluating the net contribution of our revenue.

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SOURCE IDT Corporation

NEWARK, N.J., March 3, 2020 — net2phone, a fast growing, global provider of cloud communications solutions to businesses, today announced that Microsoft Teams users can now access the advanced capabilities of net2phone’s world-class communication services while directly inside the Teams environment. 

“Preparations for a potential Covid-19 pandemic are accelerating the need for remote work environments and reinforcing the use case for common platform collaborative services like Microsoft Teams,” said Jonah Fink, President of net2phone. ”Businesses evolving their digital work environment can marry Microsoft Teams with net2phone’s cloud PBX application to support remote employees with features including net2phone’s unlimited global calling from within the Microsoft Teams environment.”

The net2phone integrated solution leverages the power of the cloud to embed its voice applications into the Microsoft Teams environment without added equipment or infrastructure. The installation and integration processes are automated and fully managed.

Once on board, the ‘Microsoft Teams Direct Routing + net2phone Cloud PBX’ package provides unlimited global calling to over forty destination countries, live chat, call recording, webRTC, mobile apps and a myriad of additional communications capabilities including advanced management analytics.

“net2phone continues to think globally and implement locally by offering our solutions uniformly across our markets,” added Jonah Fink. ”Enterprises utilizing Microsoft Teams in the US, Canada, Brazil, Mexico, Argentina, Colombia, Spain and Hong Kong will now be able to take advantage of net2phone’s unbeatable communications capabilities within Microsoft Teams.”

To take advantage of the integration of net2phone with Microsoft Teams, visit us at net2phone.com or email: sales@net2phone.com.

About net2phone:

net2phone’s cloud communications solutions help businesses around the globe succeed through smarter conversations. net2phone is a subsidiary of IDT Corporation (NYSE: IDT), a provider of telecommunications and payment services. To learn more, please visit net2phone.com, connect with us on LinkedIn. Channel partners contact: partner@net2phone.com.  Customer contact: sales@net2phone.com.

View original content to download multimedia:http://www.prnewswire.com/news-releases/net2phones-cloud-communications-service-now-integrates-with-microsoft-teams-301015667.html

SOURCE net2phone

NEWARK, N.J., Feb. 27, 2020 – National Retail Solutions (NRS), the operator of a leading point-of-sale (POS) network for independent retailers, announced that it will continue its exciting partnership with several leading institutions in New York City to support the city’s bodegas and independent, family-owned convenience stores.

NRS, City Harvest – New York City’s largest food rescue organization, the United Bodegas of America (UBA) and the New York City Economic Development Corporation (NYC/EDC) co-sponsored a Lunch & Learn program last week, for owners of New York City’s bodegas and convenience stores. 

Last week’s Lunch & Learn session was held at Fairway Market’s facility in the Bronx. The program included presentations by NRS on its POS+ services for bodega owners, by City Harvest on expanded offerings of fresh and nutritious foods to-go, and by NYC/EDC on their programs and incentives for independent small businesses. 

“New Yorkers appreciate the many ways in which neighborhood bodegas and convenience stores contribute to our local communities,” said Elie Y. Katz, founder & CEO of NRS.  “These stores are places where neighbors take time to talk, catch up on local happenings and find foods and supplies for their favorite meals.  The bodega owners who joined us at the first Lunch & Learn were excited to learn about powerful tools and strategies to help them build stronger businesses and compete successfully against larger retail chain stores.”

NRS operates a robust POS network plus NRS PAY merchant services for independent retailers across the U.S.  Over 8,000 retailers use NRS’ POS platform to organize and manage their business, attract new customers and increase their revenue. 

At the Lunch & Learn, NRS team members introduced their POS plus network with premium features and check-out solutions tailored for bodega owners.  The Rev. Eric Cosentino, who serves on the Board of Directors of IDT Corporation (NYSE: IDT), the parent company of NRS, said, “IDT is here to help bodega owners and smaller retailers. If there is something they need and we can provide it, we’ll always go the extra mile.”

Radames Rodriguez, President of United Bodegas of America (UBA) and a bodega owner in the Bronx, said, “Running a bodega in New York is a labor of love.  It’s a tough business.  We need better tools and offerings to bring in and retain new customers, and to operate more profitably.  I hope that every bodega owner will take the time to learn how the UBA’s partnership with National Retail Solutions, City Harvest, and the City’s Economic Development Corporation can help our bodegas expand and thrive in New York.”

Last week’s Lunch & Learn is the first in a series for bodegas and other neighborhood retailers, according to Elie Y. Katz.  “We are deeply committed to helping New York City’s bodegas prosper for the long run, and there is a lot going on to help these retailers prosper and expand.  We are working with our co-sponsors on a second event to be held this summer that will introduce more fresh and interesting approaches for retailers.  We welcome new organizations interested in participating in our next event to contact us. Please stay tuned for additional details.”

About National Retail Solutions (NRS):

NRS operates a point-of-sale (POS) terminal-based platform plus NRS PAY credit card processing for independent retailers and bodega owners nationwide. The platform provides a robust portfolio of tools to help these retailers compete more effectively, including inventory tracking, store statistics, user management, one-touch Boss Revolution® PIN-less recharge, and integration with the BR Club customer loyalty program. Consumer packaged goods (CPG) suppliers are able to leverage the NRS platform to provision promotions, coupons and special offers to independent retailers and their predominantly urban customer bases nationwide. NRS is a subsidiary of IDT Corporation (NYSE: IDT).

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SOURCE National Retail Solutions

NEWARK, N.J., Feb. 26, 2020 — IDT Corporation (NYSE: IDT), a global provider of communications and payment services, is scheduled to report financial and operational results for the second quarter of its fiscal year 2020 (the three-months ended January 31, 2020) on Thursday, March 5, 2020.

IDT’s earnings release will be issued and posted on the IDT investor relations website (http://ir.idt.net/) at approximately 4:30 PM Eastern.

IDT will host an earnings conference call beginning at 5:30 PM Eastern with management’s discussion of results, outlook and strategy followed by Q&A with investors. 

To listen to the call and participate in the Q&A, dial toll-free 1-888-348-8417 (from US) or 1-412-902-4243 (international) and request the IDT Corporation call.

A replay of the conference call will be available approximately three hours after the call concludes through March 12, 2020. To access the replay, dial toll free 1-844-512-2921 (from US) or 1-412-317-6671 (international) and provide this replay number: 10139692.  A replay will also be accessible via streaming audio at the IDT investor relations website (http://ir.idt.net/).

About IDT Corporation:
IDT Corporation (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution^®, net2phone^® and National Retail Solutions^® brands.  IDT’s wholesale carrier services business is a leading global carrier of international long-distance calls.  For more information on IDT, visit www.idt.net.

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SOURCE IDT Corporation

NEWARK, N.J., Feb. 6, 2020 — National Retail Solutions (NRS), the operator of a leading point-of-sale (POS) network for independent retailers, announced today that it is sponsoring a Lunch & Learn for New York City’s bodega, grocery and convenience store owners.  The Lunch & Learn is a great opportunity for independent store owners to learn how to grow their businesses with City Harvest’s fresh food program, subsidized point-of-sale (POS) systems and related tax benefits.

The Lunch and Learn is sponsored by NRS, City Harvest – NYC’s premier food rescue organization, United Bodegas of America (UBA), and the New York City Economic Development Corporation (NYC/EDC).

WHO:  NYC bodega owners and other independent grocery and convenience retailers

WHAT:  Lunch & Learn:  How to Boost Your Business and Expand Your Fresh Foods to Go

WHERE:  Fairway Market’s Facility, 400 Walnut Avenue, Bronx, NY 10454

WHEN:  Thursday, February 20, 2020 from 10:00 a.m. to 12:00 noon

SPONSORS:  National Retail Solutions, City Harvest, UBA and NYC/EDC

HOW:  Reserve your place at the Lunch & Learn by contacting Roque Azcona of NRS (973/438-5048) or Elizabeth Vispo of City Harvest (347/203-7498)

“Bodegas and other neighborhood grocers feed millions of New Yorkers every day and are a crucial part of New York City’s food supply chain,” said Elie Y. Katz, President of NRS.  “We are delighted to participate in this event and help these store owners provide New Yorkers with fresher, locally grown and nutritious foods.”

NRS operates a leading POS network for independent retailers in the US. Over 8,000 retailers use its POS platform to process transactions, track sales and inventory, bring in new customers and manage their businesses more efficiently and easily.

In conjunction with the Lunch & Learn, NRS will demonstrate its POS terminals and offer them at subsidized low rates to bodega, grocery and convenience store owners in the five boroughs.

“Bodegas and other independent retailers are hungry for tools to help them compete against large retail chains and big box stores,” Katz added.  ”Our POS platform helps bodegas and convenience stores to boost sales and gain new customers.  Plus, our mobile app makes it easy for store owners to manage their operations, whether they are in the store, at home or on the road.”

About National Retail Solutions (NRS):

NRS operates a point-of-sale (POS) terminal-based platform plus NRS PAY credit card processing for independent retailers and bodega owners nationwide. The platform provides a robust portfolio of tools to help these retailers compete more effectively, including inventory tracking, store statistics, user management, one-touch Boss Revolution^® pinless recharge, and integration with the BR Club customer loyalty program. Consumer packaged goods (CPG) suppliers are able to leverage the NRS platform to provision promotions, coupons and special offers to independent retailers and their predominantly urban customer bases nationwide. NRS is a subsidiary of IDT Corporation (NYSE: IDT).

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SOURCE National Retail Solutions

NEWARK, N.J., Dec. 30, 2019 – net2phone, a global provider of cloud communications solutions to businesses, today announced that its SIP Trunking solution has achieved certification from Mitel. As a Mitel-certified SIP provider, net2phone has joined the Mitel Solutions Alliance (MSA) that supports services that are fully compatible with Mitel’s enterprise, cloud and mobile communications.

“net2phone SIP Trunking solution is now certified to be interoperable with Mitel IP-PBX communications systems,” said Jonah Fink, President of net2phone.  “Businesses with Mitel IP-PBXs can count on net2phone to provide a seamlessly integrated voice solution featuring unlimited calling, virtual phone numbers, and an enhanced communications experience.

net2phone’s SIP Trunking solution includes:

• Unlimited domestic calling to landlines and mobile phones throughout the United States, Canada, Mexico, and India;
• Unlimited calling to landlines in 28 additional countries (Argentina, Austria, Brazil, Chile, Colombia, Costa Rica, Cyprus, Denmark, Dominican Republic, France, Germany, Greece, Hungary, Ireland, Israel, Italy, Netherlands, Norway, Panama, Peru, Portugal, Romania, Singapore, Slovakia, Spain, Sweden, United Kingdom, and Venezuela) and to Puerto Rico;
• International virtual phone numbers for over 300 cities in 50 countries;
• Support for both high quality and low bandwidth codecs (G.711 and G.729);
• Enhanced security incorporating four complementary types of authentication.

“Building and maintaining the right technology relationships to deliver customers high-value integrated solutions is a critical component for success in the business communications marketplace,” said David Lowenstein, Director of Business Development for the Mitel Solutions Alliance. “Mitel works with best-of-breed companies like net2phone to deliver complete solutions that address the business challenges of our customers.”

About net2phone:

net2phone’s cloud communications solutions help businesses around the globe succeed through smarter conversations. net2phone is a subsidiary of IDT Corporation (NYSE: IDT), a provider of telecommunications and payment services.  To learn more, please visit net2phone.com, connect with us on LinkedIn, or email partner@net2phone.com.  

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SOURCE net2phone

NEWARK, N.J., Dec. 17, 2019 – net2phone, a global provider of cloud communications solutions to businesses, today announced that it has acquired RingSouth Europa (RingSouth), a business communications provider headquartered in Murcia, Spain.  

Jonah Fink, President of net2phone, said, “RingSouth is a highly regarded provider of cloud communications services to Spanish businesses with a roster of corporate and institutional clients including the University of Murcia.  We look forward to pursuing the tremendous opportunities for further expansion in Spain and other European markets.”

RingSouth was founded in Murcia in the Southeast of Spain in 2005.  Since launch, the company has expanded its footprint to Madrid and beyond while achieving notable enterprise customer wins.  Its EcoVoz platform offers advanced features and facilitates integration with popular CRM and ERP solutions.

RingSouth’s General Manager, Jonathan Garcia, said, “We are excited to have net2phone’s formidable backing as we expand our footprint in the business communications market.  Businesses throughout Europe are eager to take advantage of the powerful capabilities of communications in the cloud.  We are in an excellent position to serve this rapidly growing market.”

net2phone’s acquisition of RingSouth follows its 2018 acquisition of Canadian UCaaS provider Versature.  In addition to addressing the Spanish market through RingSouth, net2phone now offers cloud communications services to businesses throughout North America – the U.S., Canada and Mexico – and in the three largest South American markets – Brazil, Argentina and Colombia.

About net2phone:
net2phone’s cloud communications solutions help businesses around the globe succeed through smarter conversations. net2phone is a subsidiary of IDT Corporation (NYSE: IDT), a provider of telecommunications and payment services.  To learn more, please visit net2phone.com, connect with us on LinkedIn, or email partner@net2phone.com.  

View original content:http://www.prnewswire.com/news-releases/net2phone-acquires-spanish-ucaas-provider-ringsouth-europa-300976156.html

SOURCE net2phone

NEWARK, N.J., Dec. 10, 2019 – IDT Corporation (NYSE: IDT), a global provider of communications and payment services, today announced that its Chief Executive Officer, Shmuel Jonas, will present at the LD Micro Main Event XII investor conference in Bel Air, CA – on Wednesday, December 11th, at 1:00 PM PST.

The IDT investor presentation slides will be available on the presentations page of the IDT investor relations website at the time of the presentation and will be filed in a Form 8-K with the SEC.  The presentation will not be webcast.

The LD Micro Main Event XII will be held at the Luxe Sunset Bel Air Hotel from December 10th-12th.  It is one of the largest and most influential independent micro-cap conferences. This year, the conference will host more than 250 innovative companies in technology, biotech, pharmaceuticals, mining, energy and other sectors.

To register and attend the event, please contact David Scher at david@ldmicro.com or visit http://www.ldmicro.com for more information

About IDT Corporation:

IDT Corporation (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution^®, net2phone^® and National Retail Solutions^® brands.  IDT’s wholesale carrier services business is a leading global carrier of international long-distance calls.  For more information on IDT, visit www.idt.net.

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SOURCE IDT Corporation