IDT Corporation Unveils The First Completely Wi-Fi To Wireless Meeting Facility
The Washington Square Conference Center opens its doors with a ribbon cutting ceremony
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Newark, NJ, June 3, 2003 – IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company, today announced the opening of The Washington Square Conference Center, the first completely Wi-Fi to wireless (LAN to WAN) meeting facility. The 20,000 square foot meeting and training facility is located on the 17th floor of IDT’s Corporate Headquarters in Newark, NJ.
“The Washington Square Conference Center is great for IDT and great for the city of Newark,” said Howard Jonas, IDT’s Chairman. “Businesses looking to host meetings and conferences will come to Washington Square because now they have the most advanced technology right at their fingertips – available no place else. The city of Newark is on its way to being the center of the Wi-Fi world.”
The Washington Square Conference Center is equipped with high-speed wireless Internet access available throughout the facility. The conference center also has two full-service videoconferencing suites each equipped with two 42-inch plasma screens capable of interfacing with up to four remote locations.
“At The Washington Square Conference Center every conceivable element has been brought together to help companies host productive meetings and conferences,” said Jim Courter, IDT’s CEO. “The Center has been expertly planned and executed, making Washington Square a technological asset for both IDT and the city of Newark.”
The inauguration of The Washington Square Conference Center included a private ribbon-cutting ceremony.
IDT Corporation, through its IDT Telecom, Inc. subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its 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 telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5% of IDT Telecom, respectively. IDT Media, Inc. is the IDT subsidiary principally responsible for the Company's initiatives in media, new video technologies and print media. Winstar Holdings, LLC is the IDT subsidiary through which we provide broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. In December 2002, we announced that the services offered by Winstar would begin to be offered under the name “IDT Solutions.” Net2Phone, Inc., which we reconsolidated effective August 1, 2002, is a leading provider of high-quality global retail Voice over IP services, either directly or via a partner.
IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C.
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use 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 our 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 our 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. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.
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Jun 03, 2003 |
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