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IDT Corporation (NYSE: IDT), a global telecommunications provider, has
entered into an agreement with Rite Aid Corporation to market domestic
and international prepaid calling cards in the U.S. drugstore chain’s
approximately 4,700 locations.
The agreement will provide Rite Aid consumers access to IDT’s portfolio
of prepaid and stored value products and services including a variety of
prepaid calling cards for both domestic and international use. Card
denominations range from 150 to 2,000 prepaid minutes, and domestic
cards are cobranded with and IDT and Rite Aid logos. As one of the
nation’s leading drugstore chains, Rite Aid has stores in 31 states and
the District of Columbia and fiscal 2011 annual revenues of $25.2
billion.
“We are very excited about our marketing agreement with Rite Aid. Rite
Aid customers will find these cards to be a convenient and affordable
way to keep in touch with family and friends both within the United
States and abroad,” said Yona Katz, CEO of IDT Retail.
“IDT has been an industry leader for over 15 years and brings to Rite
Aid a wealth of experience providing practical, prepaid communication
solutions that we believe our Rite Aid customers will use and
appreciate,” said Bill Renz, Rite Aid vice president, consumables. “As
an added incentive, customers who recharge an existing card with new
minutes from a Rite Aid store will receive 10 percent additional minutes
for free.”
About IDT Corporation:
IDT
Corporation (NYSE: IDT) through its IDT Telecom division provides
telecommunications and payment services. IDT Telecom’s retail products
allow people to communicate and share financial resources around the
world while its carrier services business is a global leader in
wholesale voice termination. For more information, visit www.idt.net.
IDT Corporation
Investor Relations:
Bill Ulrey,
973-438-3838
invest@idt.net
