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IDT.C Idt Corp. CL C

27.65
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Idt Corp. CL C NYSE:IDT.C NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 27.65 0.00 01:00:00

ADDING MULTIMEDIA IDT Corporation Lends a Hand to Haitian Relief Effort

15/01/2010 11:30pm

Business Wire


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IDT Corporation (NYSE: IDT; IDT.C), a leading provider of international telecommunications services, is employing its global presence and wide range of calling services to help its customers contact family and friends in Haiti, and to contribute to the relief effort now underway.

“Many of the local telecommunications service providers in Haiti suffered significant damage, resulting in sporadic access for both inbound and outbound Haiti traffic,” said Yona Katz, COO of IDT Telecom. “IDT is rerouting calls and taking other steps to help our customers reach their family members and friends, while also supporting the broader humanitarian assistance effort.”

In Haiti, IDT is working with its sales partner Access Haiti, a leading broadband provider, to set up calling stations in hotels and other central sites to allow Haitians to use the IDT VoiceLine service to reach family and friends around the world to assure them of their safety. VoiceLine is IDT’s internet phone service. It does not depend on the local landline service, which experienced significant damage in the earthquake.

In the United States, IDT will donate 4,000 Boss and Calypso two-dollar prepaid calling cards to Haitian community organizations in New York and Florida. In addition, in order to help anyone trying to reach family and friends in Haiti, IDT has lowered rates to Haiti on its PennyTalk® prepaid international calling card during this crisis period to just two cents a minute for calls to mobile and landline phones. The lower rate will be in effect, at a minimum, through January 24th, 2010, and may be extended to compensate for significant service disruptions. PennyTalk service is available in the United States, Canada and the United Kingdom. Anyone interested in activating immediate service can do so through www.pennytalk.com/haiti.

IDT will donate 100% of net proceeds on all calls to Haiti made with IDT Telecom’s popular Boss Revolution prepaid calling service through February 28th to the American Red Cross’ Haitian relief effort. Boss Revolution customers will also be offered the opportunity to donate $1.00 of their account balance to the Red Cross’ relief effort in Haiti. Anyone interested in obtaining Boss Revolution service can do so at www.bossrevolution.com. Furthermore, IDT will match the first $50,000 in donations made by its approximately 1,200 employees worldwide to organizations leading the Haitian relief effort.

About IDT Corporation:

IDT Corporation (www.idt.net) is a consumer services company with operations primarily in the telecommunications and energy industries. 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.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those with 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. All forward-looking statements and risk factors included in this document are made as of the date hereof, based on information available to IDT as of the date thereof, and IDT assumes no obligation to update any forward-looking statements or risk factors.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6144654&lang=en

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