IDT Selected by Friendster to Provide Prepaid Calling Card
April 22 2009 - 5:00PM
Business Wire
IDT Corporation (NYSE: IDT; IDT.C) said today that it has been
selected by Friendster, a top 20 global website based on traffic
and the #1 social network in Asia*, to launch The Friendster Loop,
a pre-paid calling card designed for Friendster�s member
community.
IDT manages The Friendster Loop calling card service and the
corresponding registration and account management web site at
www.friendsterloop.com. Friendster has designed and branded the
offering and will market The Friendster Loop through a series of
integrated marketing campaigns primarily through www.friendster.com
to its member community.
�The agreement with Friendster reflects IDT�s strategic
commitment to develop and operate innovative voice communications
platforms that add value for our partners. We are extremely proud
to have been selected by Friendster, and we welcome the opportunity
to provide Friendster�s active users with convenient, competitively
priced international calling,� said Jim Courter, CEO to IDT.
�Friendster selected IDT since it is a leader in providing high
quality and competitive calling card services globally,� said David
Jones, vice president of global marketing at Friendster.
�Friendster is the first major global social network to extend its
social networking website to also include warm, emotional and
engaging voice conversations for sharing and communicating live
over the phone with friends and family.�
The Friendster Loop calling card will initially be marketed and
available in the United States, United Kingdom, Canada,
Philippines, Indonesia, Malaysia, and Singapore.
Friendster is a top 20 global website in the world in terms of
traffic* serving over 14 billion page views a month*, and
Friendster is the #1 social network in Asia, with over 75 million
registered users* from Asia.
About IDT Corporation:
IDT Corporation (www.idt.net) is a multinational holding company
focused on 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.
* comScore Media Metrix, Worldwide Data, January 2009
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