Newark, N.J., July 1, 2004 – IDT Telecom today announced that it is making “IDT America Unlimited” available in California for $34.95. The company’s all-inclusive unlimited calling plan was recently launched in Florida and Georgia. “IDT America Unlimited” is available for $39.95 in most areas. IDT Telecom is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational telecom, entertainment and technology company.
“IDT America Unlimited” is available to about a third of the American population. In addition, IDT is a licensed CLEC (competitive local exchange carrier) in 44 states. This gives IDT the opportunity to roll out “IDT America Unlimited” in other states depending on market demands and market conditions in the coming months.
“We’ve worked our way down the East Coast and now we’re expanding on the West Coast,” said Jim Courter, IDT’s CEO. “Our long-term plan is to roll out ‘IDT America Unlimited’ across the country. IDT is committed to providing affordable, high-quality telecommunications services to people everywhere.”
“Despite the uncertainty over regulations that would affect local phone competition, you can be certain that IDT will remain competitive,” said Howard Jonas, IDT’s Founder and Chairman. “IDT’s low overhead and cost structure give us the ability to provide quality phone service at reasonable rates.”
“IDT America Unlimited” includes unlimited local, regional toll and long distance calling with Caller ID, Speed Dial, Call Waiting and 3-Way Calling on one monthly bill. Customers may also choose the “IDT America Choice” plan that provides unlimited local service with Caller ID and Call Waiting for $28.95 per month with IDT Long Distance included at just 5 ¢ a minute (available in most areas) with no additional fees. IDT offers a choice of international discount calling plans for either “IDT America Unlimited” or “IDT America Choice” for an additional $2 – $4 monthly. Customers can get per minute rates as low as UK for 6¢, Hong Kong for 6¢ and China for 9¢.
“IDT America Unlimited” is now available in California, Delaware, Florida, Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and West Virginia.
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 national 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. Menlo Park is the IDT division principally responsible for the Company’s initiatives in radio broadcasting, brochure distribution and new video technologies. Winstar Holdings, LLC, which provides service under the IDT Solutions brand, is the IDT subsidiary focused on providing broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. 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.