Newark, N.J., January 13, 2005 – IDT Corporation is pleased to announce that for the second year in a row, it has received the Prepaid Market Product of the Year Award for its International Calling Cards from Frost & Sullivan, a global growth consulting company. The award was presented to IDT during the Excellence in Information & Communications Technologies Award Banquet held January 12. IDT Corporation (NYSE: IDT, IDT.C) is an international telecom, entertainment and technology company.
“The Prepaid Product of the Year Award is a reflection of our commitment to making our International calling more affordable and available to consumers around the globe,” said Jim Courter, IDT’s CEO. “In 2004, IDT sold more than 370 million prepaid calling cards worldwide. IDT has a global customer base that continues to grow as customers turn to IDT for our high-quality, low cost telecom products.”
According to the Frost & Sullivan announcement of the award, “IDT has increased its market share every year for the last four years and is now a leader in the U.S. international prepaid market.” Frost & Sullivan also noted that IDT Corporation is one of the few companies that have been able to see significant growth in the calling card industry.
Frost & Sullivan presents its Product of the Year Award to a company that has demonstrated excellence in new products and technologies within an industry. The recipient company has shown innovation by launching a broad line of emerging products and technologies.
Frost & Sullivan, a global growth consulting company founded in 1961, partners with clients to create value through innovative growth strategies. The foundation of this partnership approach is our Growth Partnership Services platform, whereby we provide industry research, marketing strategies, consulting, and training to our clients to help grow their business. A key benefit that Frost & Sullivan brings to its clients is a global perspective on a broad range of industries, markets, technologies, econometrics, and demographics. With a client list that includes Global 1000 companies, emerging companies, as well as the investment community, Frost & Sullivan has evolved into one of the premier growth consulting companies in the world. For more information, visit www.frost.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 radio broadcasting, brochure distribution and new video technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading 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.
IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.
Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those include 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 IDT’s 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 IDT’s 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 and other filings IDT may make with the SEC.