IDT and EPANA Reach Settlement

In a update to an earlier posting, EPANA, one of the companies named in IDTs lawsuit against the whole prepaid industry, has settled with IDT and has agreed to join forces in helping clean up the prepaid calling card business.

To read all of the details about the settlement go to: http://www.tmcnet.com/usubmit/2007/03/20/2431901.htm

On the other extreme, CVT Prepaid Solutions is standing firm agianst this lawsuit and claiming that they do not engage in such practices and have nothing to hide.

http://biz.yahoo.com/prnews/070319/nym119.html?.v=59

OK so two have made there stance clear and now we have to wait to see about all of the rest of the named parties.

This is turning out to be the most action we have seen in the prepaid calling card business in years!