IDT Corp. Announces Staff Expansion and Hiring Campaign
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The Company to Recruit the “Cream” of the Telecom Crop.
NEWARK, N.J. – July 9, 2002 – IDT Corporation (NYSE: IDT.B, IDT), a leading multinational carrier and telephone company, today announced the initiation of a major staff expansion and hiring campaign in response to an overwhelming demand for new business in areas such as large corporate telecom accounts, consumer and small business long distance, and at its Winstar division.
“At a time when many at telecom companies are ‘taking the fifth,’ we at IDT are adding a fifth to our staff,” said Howard Jonas, Chairman of IDT Corporation. “But we’re not just looking for any fifth, we want the top sales executives and marketing people. The cream of the telecom crop. And we’ll even consider those who don’t work for WorldCom.”
IDT is looking initially to recruit the top 100 sales executives and managers with proven track records and who belong to the “Inner Circle” or “President’s Club” at the major telecommunications companies. IDT will seriously consider top sales executive and manager applicants from AT&T (NYSE: T), Sprint (NYSE: FON), Verizon (NYSE: VZ), Bell South (NYSE:BLS), Qwest (NYSE: Q), SBC (NYSE:SBC), Williams Communications (OTC BB:WCGRQ.OB), as well as WorldCom (NASDAQ:WCOME) and other major carriers. The company will, also be adding other sales, marketing and support staff.
“While we have the technical and network resources to handle the increase in traffic, we will require more human resources ” said Jim Courter, IDT CEO. “We estimate that we’ll need at least a twenty percent increase in staff in the near term, to properly service and maintain all the new and anticipated business. To be growing and needing to hire people in this uncertain telecom environment is truly a testament to IDT’s good health and great future.”
IDT is offering generous compensation packages, with extraordinary incentives. Telecommunications sales and marketing professionals can forward their resumes to Barbara Fromkin at idtsearch@aol.com or call 1-800-452-0678. All calls and correspondence will be kept in the strictest confidence.
“IDT almost has become the Telecom equivalent of New York’s “Liberty Island,” added Howard Jonas. “Our motto should be ‘give us your hungry and near homeless telecom sales executives, yearning to make real money again’ and together we’ll show them that if you work hard enough, here the streets really seem to be paved with gold.”
You can visit our web site at http://www.idt.net/
IDT CORPORATION
IDT, through its IDT Telecom subsidiary, is a leading facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. Through its own national telecommunications backbone and fiber optic network infrastructure, IDT Telecom provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT Media is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media.
Through its various subsidiaries, IDT has interests in several telecom, Internet-related and media companies. IDT recently acquired Winstar Communications. IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT.B and IDT. As of June 10, 2002, there were 53.4 million shares of Class B common stock (IDT.B) outstanding, and 24.9 million shares of common stock (IDT). Of these, 4.0 million shares of Class B common stock and 5.4 million shares of common stock were held by units of IDT Corporation.
Except for historical information, all of the expectations and Assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 10K for the period ended July 31, 2001 and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward looking statements.
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Jul 08, 2002 |
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