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Heloise to Join Talk America Lineup

America’s #1 Lifestyle Management Expert will host a One Hour Program and Short-Form Features

NEWARK, N.J. – July 9, 2002 – Talk America Radio Networks announces that Heloise, America’s #1 lifestyle management expert, will launch an hour-long, call-in show starting in early September. Talk America is part of IDT Media, a subsidiary of IDT Corporation (NYSE: IDT.B, IDT), a leading multinational carrier and telephone company.

Talk America also will distribute a one-minute feature filled with Heloise’s helpful hints in August.

Ask Heloise, her hour-long, call-in show, will enable listeners to find out the answers to the questions that need solutions in their daily lives. Heloise’s lifestyle management approach provides proven advice on important consumer issues, home and garden maintenance, pets, automobiles, elder and child care, savvy shopping, entertaining, saving money, traveling smarter and new technology. Her listeners will love Heloise’s wise and warm approach to solving the problems everyone shares.

Heloise is an internationally syndicated columnist, author, and frequent guest on national and local television shows. HerHints from Heloise column appears in more than 500 newspapers in the United States and abroad. She is also a Contributing Editor of Good Housekeeping magazine and writes the popular Household Helpline column. Her combined readership is estimated to be more than 50 million.

“Who doesn’t need help in managing life? Having daily access to America’s leading “hintologist” will be an asset to listeners across the United States”, said Jim Courter, IDT’s CEO.

“Heloise is the only major new voice that is available to radio stations with an already built-in audience,” said Mitch Burg, CEO of IDT Media. “She will definitely be a valuable addition to stations for the Fall ratings book.”

Heloise is the latest personality to join the exciting new Talk America line-up of leading broadcasters, which includes Mort Crim, Barry Farber and Bruce Williams. Talk America personalities can be heard by more than 3 million listeners a week on over 1,200 radio stations.

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.

Contact: Trang Nguyen
COO, Talk America
973-438-3344
trang.nguyen@corp.idt.net