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IDT Recruits Jack Kemp

Former U.S. Secretary of Housing and Urban Development Joins Leading International Communications Company in an advisory role

Hackensack, NJ. -- April 29, 1998 -- IDT Corporation (NASDAQ: IDTC) today named former U.S. Congressman and Vice Presidential candidate Jack Kemp as a Senior Strategic Advisor to IDT’s Board of Directors. Mr. Kemp will advise and assist the Company with its strategy to create a full-service global communications company. Mr. Kemp will also be active in helping the Company develop relationships worldwide and market its technologies for commercial applications. "IDT has proven itself a leader in international telecommunications as the world moves towards deregulation and privatization in the telecom industry, and I’m fortunate to be working with this company and its spectacular management while they are experiencing such growth," said Mr. Kemp. "The president of the company, Jim Courter and I, have been close friends ever since serving as colleagues in the U.S. Congress together in the 1970s and 1980s, and I look forward to working closely with him and a company that has cutting edge technology and is leading the way in ensuring affordable and unfettered communications worldwide." A former vice presidential candidate, Mr. Kemp co-founded Empower America, a public policy and advocacy organization focused on promoting economic growth and entrepreneurship around America. From 1989-1992, Mr. Kemp served on the Cabinet as the Secretary of Housing and Urban Development. Prior to his appointment to the Cabinet, Mr. Kemp represented the western New York for 18 years in the U.S. House of Representatives. He served for seven years in the Republican Leadership as Chairman of the House Republican Conference. "Jack Kemp is known worldwide for his energy and the strength of his core beliefs. IDT is fortunate to have a man of Jack Kemp’s stature join us as our senior strategic advisor. It will also be personally gratifying to me to work closely with him once again," said IDT’s President Jim Courter. Born and raised in Los Angeles, Mr. Kemp resides in Bethesda, Md. with his wife, Joanne. They have four children and 11 grandchildren. IDT is a leading emerging multinational carrier that combines its position as an international telecommunications operator, its experience as an Internet service provider and its leading position in Internet telephony to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. The Company provides its customers with integrated and competitively priced international and domestic long distance, Internet access and, through its Net2Phone product offerings, Internet telephony services.

 

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