IDT Dedicates Newly Renovated HQ Building in Newark, NJ

NEWARK, NJ–(Marketwired – November 02, 2015) – Over 600 employees, family members and friends, as well as Newark Mayor Ras Baraka, New Jersey Lt. Governor Kim Guadagno, and U.S. Senator and presidential candidate Lindsey Graham gathered in Newark, NJ last week to dedicate IDT Corporation’s (NYSE: IDT) newly renovated headquarters building and mark its 25th anniversary as a leader in the telecommunications industry.

“This is a great day for IDT,” said its founder and Chairman, Howard Jonas. “President Ronald Reagan said that ‘America is too great for small dreams.’ IDT has been successful for a quarter century because we aim high, and then hire great people to execute. IDT has been a pioneer in the telecommunications industry for 25 years, and each of the companies that we have spun-off to our shareholders in recent years — IDW Media, Genie Energy, and Straight Path Communications — has created shareholder value with a bold, innovative approach with huge upside potential.”

The lobby and three floors of the IDT building at 520 Broad Street in Newark have been completely renovated to provide state-of-the art, open-floor-plan space for over 500 employees. Genie Energy, which was spun off from IDT in 2013, shares the space with IDT.

IDT Corporation was founded in 1990 by its Chairman, Howard Jonas, who developed an automated call-back system that dramatically lowered the cost of international long distance calling. Today, IDT provides retail and wholesale telecommunications and payment services to help immigrants and the under-banked communicate and share resources around the world.

The IDT headquarters building is an 18-story 500,000 SF office space featuring views of New York City and Newark’s Washington Park. The Washington Park neighborhood in Newark is the epicenter of Newark’s Renaissance 3.0, which includes a planned 25,000 square-foot accelerator for new technology ventures adjacent to the Rutgers Business School.

About IDT Corporation:

IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked conveniently and inexpensively communicate and share resources around the world. IDT Telecom’s wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.

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Media Advisory: IDT to Dedicate Newly Renovated HQ Building in Newark, NJ

NEWARK, NJ–(Marketwired – October 08, 2015) –

WHAT: IDT Corporation (NYSE: IDT) will dedicate its newly renovated headquarters and celebrate its 25th anniversary with a ribbon cutting ceremony

WHERE: IDT Building, 520 Broad Street; Newark, NJ (Atlantic Street Entrance)

WHEN: Monday, October 26th at 5 PM

ADDITIONAL INFORMATION: IDT Corporation was founded in 1990 by its Chairman, Howard Jonas, who developed an automated call-back system that dramatically lowered the cost of international long distance calling. Today, IDT provides retail and wholesale telecommunications and payment services to help immigrants and the under-banked communicate and share resources around the world.

IDT’s offices at 520 Broad Street in Newark have been completely renovated to provide state-of-the art, open-floor-plan space for over 500 employees. Genie Energy, which was spun off from IDT in 2013 has also moved in. Once completed, the sleek, renovated space will be LEED certified.

The international style, 18-story IDT building at 520 Broad Street was designed and built by the George A. Fuller Company in 1957 to house the Mutual Benefit Life Insurance Company. The Fuller Company also built Pennsylvania Station, the Flatiron Building, R.H. Macy’s on 34th Street and the New York Times Building on Times Square.

The IDT building overlooks Washington Park, the epicenter of Newark’s Renaissance 3.0, which includes a planned 25,000 square-foot accelerator for new technology ventures adjacent to the Rutgers Business School.

IDT Corporation to Report Fourth Quarter and Full Year Fiscal 2015 Results

NEWARK, NJ–(Marketwired – September 30, 2015) – IDT Corporation (NYSE: IDT) will report its financial and operational results for the fourth quarter and full year fiscal year 2015 on Tuesday, October 13, 2015 after market close.

The fourth quarter and full year (the three months and twelve months ended July 31, 2015) earnings release will be filed on a Form 8-K and posted on the IDT investor relations website (www.idt.net/ir) at approximately 4:30 PM ET on October 13th. As in prior quarters, the earnings release will not be issued over a wire service.

IDT will host an earnings conference call beginning at 5:30 PM ET with management’s discussion of results, outlook and strategy followed by Q&A with investors.

To listen to the call and participate in the Q&A, dial toll-free 1-877-300-8521 (from U.S.) or 1-412-317-6026 (international) and request the IDT Corporation call.

An audio replay of the conference call will be available one hour after the call concludes through October 19, 2015 by dialing 1-877-870-5176 (toll free from the U.S.) or 1-858-384-5517 (international) and providing the following replay PIN: 10071762. The replay will also be available by streaming from the IDT investor relations website (www.idt.net/ir) shortly after the call.

About IDT Corporation:
IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked conveniently and inexpensively communicate and share resources around the world. IDT Telecom’s wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for a mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.

IDT Corporation Declares 18 Cent Quarterly Dividend

NEWARK, NJ–(Marketwired – September 25, 2015) – The Board of Directors of IDT Corporation (NYSE: IDT) today declared a dividend of $0.18 per share of its Class A and Class B common stock for the fourth quarter of its fiscal year 2015.

The dividend declared today will be paid on or about October 15, 2015 to stockholders of record as of the close of business on October 7, 2015. The ex-dividend date will be October 5, 2015. The distribution will be treated as an ordinary dividend for tax purposes.

About IDT Corporation:
IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked communicate and share resources around the world. IDT Telecom’s wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for a mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.

IDT’s Boss Revolution Is First US-Based Airtime Top-Up Service to Cuba

NEWARK, NJ–(Marketwired – September 16, 2015) – IDT® Corporation (NYSE: IDT), a leading provider of international telephony and payment services through its flagship Boss Revolution® brand, said today that it has reached an agreement with Empresa de Telecomunicaciones de Cuba S.A. (ETECSA), Cuba’s national telecommunications company, to provide international airtime top-up service. Under the agreement, Boss Revolution’s airtime top-up to Cuba will be the first offered directly by a US-based telecommunications company.

IDT’s Boss Revolution customers can purchase airtime credit with US dollars for any Cubacel customer from any Boss Revolution retailer, online at www.bossrevolution.com or through the Boss Revolution app. Cubacel customers can use airtime credit for both domestic and international calling. Previously, IDT and other US-based providers resold international top-up services offered by providers based outside of the US.

“Boss Revolution customers can now transfer value to friends and family in Cuba directly through Boss Revolution, rather than relying on a third party to provide the underlying service,” said Bill Pereira, CEO of IDT Telecom. “Looking ahead, we expect to partner with ETECSA to develop additional, innovative offerings serving the Cuban-American community.”

In March 2015, IDT became the first US based telecommunications company to terminate international long distance voice calls directly with ETECSA. Since then, IDT has experienced a significant increase in call volume and improved call quality on the US – Cuba route.

About IDT Corporation:
IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked conveniently and inexpensively communicate and share resources around the world. IDT’s wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular, eponymous app for a mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.

Caution Concerning Forward Looking Statements:
All statements above 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. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

IDT Corporation Announces Strategic Reorganization

NEWARK, NJ–(Marketwired – August 27, 2015) – IDT Corporation (NYSE: IDT) today announced that its Board of Directors has approved a plan to reorganize the Company into three separate entities by spinning off two business units to its stockholders. The reorganization marks the next stage in IDT’s tradition of incubating and spinning-off successful businesses.

The three separate companies will feature IDT Telecom, Zedge, and IDT’s other holdings:

  • IDT Telecom is a global provider of retail and wholesale telecommunications and payment services. IDT Telecom’s retail offerings include prepaid voice and payment services primarily to immigrant communities under the Boss Revolution brand. IDT Telecom’s wholesale carrier business is a leading, global carrier of international long distance voice traffic.
  • Zedge provides one of the most popular content platforms for mobile device personalization including ringtones, wallpapers, home screen icons and game recommendations. Its smartphone app, available in both Google Play and iTunes, has been installed over 160 million times and has averaged among the top twenty most popular apps in the Google Play store in the US for the past five years. IDT owns approximately 83% of Zedge.
  • IDT’s other holdings comprise a Gibraltar-based bank, real estate holdings including its headquarters building and garage in Newark, NJ and an operations building in Piscataway, NJ as well as interests in other, mainly early stage, business initiatives. This entity will retain cash resources for investment in technology and other ventures.

“Throughout its history, IDT has spun-off businesses to accelerate their growth and generate value for our stockholders,” said Howard Jonas, founder and Chairman of IDT Corporation. “Consistent with that tradition, we intend to separate the various businesses and assets within IDT into three companies, provide them with focused management teams, and maximize their potential for long term value creation. We will announce additional details of the spin-offs as developments warrant.”

Since 2009, IDT has spun off the following companies to its stockholders, each of which now operates as an independent public company: IDW Media Holdings (f/k/a CTM Media Holdings) (OTC PINK: IDWM), an integrated media company whose holdings include IDW Publishing, the award-winning, San Diego-based comic-book and graphic novel publisher; and CTM Media Group, a distributor of print and digital advertising; Genie Energy (NYSE: GNE, GNEPRA), which holds one of the largest independent energy retailers in the Northeast as well as an exclusive oil and gas exploration license in Northern Israel; and Straight Path Communications Inc., (NYSE MKT: STRP) which holds an extensive portfolio of 39GHz and 28GHz wireless spectrum and an intellectual property portfolio focused on communications over computer networks.

The reorganization and the specific components are subject to changes and both internal and third party contingencies, and must receive final approval by IDT’s Board of Directors and other bodies. IDT is targeting completion of the reorganization in CY 2016.

About IDT Corporation:

IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked conveniently and inexpensively communicate and share resources around the world. IDT Telecom’s wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for a mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.

Boss Revolution Offers Unlimited Calling to Mexico for Just $5 a Month

Without Contracts or Hefty Monthly Fees

NEWARK, N.J., Aug. 4, 2015 — IDT Corporation, a leading provider of prepaid international long distance service, has slashed the cost of calling to Mexico for its Boss Revolution customers. The Boss Revolution Unlimited Plan now offers unlimited minutes* to all destinations in Mexico, including cellphones, for just $5 a month. Those who prefer to pay by the minute instead can enjoy new low rates from the Boss Revolution mobile app — just 1.9 cents per minute to any cell phone in Mexico, and per minute rates to landlines as low as 1.5 cents.

The Boss Revolution Unlimited Plan is available at all Boss Revolution retail locations and online at www.bossrevolution.com.

“While the big telecom carriers force consumers into long term contracts and charge hefty monthly fees, we offer a better way to keep in touch with friends and family. The Boss Revolution Unlimited Plan allows you to make all the calls you want to anywhere in Mexico and many other countries for just five dollars a month,” said Yona Katz, COO of IDT Telecom. “You don’t need an expensive long-term contract to use Boss Revolution. You can easily access your plan from the Boss Revolution mobile app or from any cell phone or landline phone in the U.S.”

The Boss Revolution mobile app is available free on iTunes and Google Play in both English and Spanish. The app makes international long distance service convenient and affordable. From the app, customers simply tap an entry in their contact list to initiate a call. And Boss Revolution offers new customers a $1 credit just to try the crystal clear Boss Revolution long distance calling service. Find out more at https://www.bossrevolution.com/apps.

* The Boss Revolution Unlimited Plan is intended only for personal, non-commercial use and is subject to the terms and conditions set forth on the Boss Revolution Website www.bossrevolution.com. IDT reserves the right to review accounts and take further action, including, but not limited to, immediate suspension of service if usage is beyond normal standards for typical customers using the same service or that violates the terms and conditions on the Website.

About IDT Corporation:

IDT Corporation (NYSE:IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked conveniently and inexpensively communicate and share resources around the world. IDT Telecom’s wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for a mobile content discovery and acquisition.   For more information on IDT, visit www.idt.net.

CONTACT: Investor Relations
         IDT Corporation
         Bill Ulrey
         Phone: (973) 438-3838
         E-mail: invest@idt.net

IDT Corporation Logo

Boss Revolution International Money Transfer Service Expands to China

Transfers Directly to Accounts at China’s Leading Banks

NEWARK, NJ–(Marketwired – July 28, 2015) – IDT Corporation (NYSE: IDT) announced today that U.S.-based customers of its Boss Revolution international money transfer service can now send money to family and friends in the People’s Republic of China.

Boss Revolution customers can send up to US $10,000 from any Boss Revolution retail money transfer agent in the U.S. for deposit within 24 to 48 hours in Chinese Yuan Renminbi denominated accounts at many of China’s largest banks. Additionally, Boss Revolution notifies the intended recipient and verifies their account information to insure timely, trouble-free delivery.

“We are very pleased to expand our money transfer service to China,” said Alfredo O’Hagan, IDT Corporation’s Senior Vice President for Consumer Payments. “Boss Revolution offers a convenient, reliable and affordable way to send money throughout China through our extensive network of participating Chinese banks.”

Twenty-seven banks are now accepting deposits for their customers from Boss Revolution’s money transfer service. They are the Agricultural Bank of China, Bank of Beijing, Bank of China, Bank of Communications, Bank of Hangzhou, Bank of Jiangsu, Bank of Kunlun, Bank of Nanjing, Bank of Ningbo, Bank of Shanghai, Bohai Bank, China CITIC Bank, China Construction Bank, China Everbright Limited, China Merchants Bank, China Minsheng Banking Corp, China Zheshang Bank, Dalian Bank, Evergrowing Bank, Guangdong Development Bank, Hua Xia Bank, Industrial and Commercial Bank of China, Industrial Bank (Fujian), Ping An Bank, Postal Savings Bank of China, Shanghai Pudong Development Bank and Shenzhen City Commercial Bank.

The Boss Revolution money transfer disbursement network is comprised of over 67,000 locations in 44 countries around the world. To learn more about Boss Revolution money transfer, visit https://www.bossrevolution.com/services/money-transfer.

About IDT Corporation:
IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail communications and payment services to foreign born communities, the under-banked and small businesses primarily through its flagship Boss Revolution platform. IDT Telecom’s wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.

All statements above 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. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

Boss Revolution Launches Direct-to-Mobile-Wallet International Money Transfer to Kenya and Niger

NEWARK, NJ–(Marketwired – July 13, 2015) – IDT Corporation (NYSE: IDT) announced today that its flagship Boss Revolution international money transfer service has launched a direct-to-mobile-wallet service to Kenya and Niger. Customers can now send money directly from any Boss Revolution money transfer retailer in the U.S. to any Airtel Money account in either country.

Recipients will receive funds in their Airtel Money account within minutes. They can use those funds to pay bills with many of Kenya’s and Niger’s largest utilities and retailers, to make transfers to other Airtel Money accounts, or to pick-up cash at over 10,000 locations throughout Kenya and over 6,700 throughout Niger.

Kenya disbursement locations include ABC Bank, Chase Bank, Co-Op Bank, Equity Bank, Family Bank, Naivas Supermarket, Nakumatt Supermarkets, Rafiki Bank, Total Service Stations, Tuskys Supermarkets, Uchumi Supermarkets Ltd., and Ukwala Supermarkets.

Niger disbursement locations include Ecobank, Sonibank, Banque Atlantique, BSIC, BIN, BAGRI, Orabank, Asusu, Tanaadi, Capital Finance, Petroleum Stations Total and Oriba.

The new direct-to-mobile-wallet service is a collaborative effort of IDT, Bharti Airtel Limited (operator of the Airtel Money service), and ImpalaPay to make international money transfer to Africa less expensive and more convenient.

“Boss Revolution customers with family and loved ones in Kenya or Niger will find it incredibly easy and affordable to transfer money directly to mobile phones utilizing our new mobile money service,” said Alfredo O’Hagan, IDT Corporation’s Senior Vice President for Consumer Payments. “We are proud to collaborate with Bharti Airtel Limited and ImpalaPay to break down the barriers to money transfer to Kenya and Niger, and look forward to expanding our direct-to-mobile-wallet service to additional countries in Africa.”

IDT, through its flagship Boss Revolution international money transfer service, offers international money transfer through a payment network of over 67,000 locations in 44 countries around the world. To learn more about Boss Revolution money transfer, visit https://www.bossrevolution.com/services/money-transfer.

Bharti Airtel is a leading global telecommunications company, headquartered in New Delhi, with operations in 20 countries across Asia and Africa.

ImpalaPay, a FinTech Company, is a mobile money aggregator serving 20 African countries.

About IDT Corporation:
IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail communications and payment services to foreign born communities, the under-banked and small businesses primarily through its flagship Boss Revolution platform. IDT Telecom’s wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.

All statements above 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. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

IDT Corporation to Report Third Quarter Fiscal 2015 Results

NEWARK, NJ–(Marketwired – May 19, 2015) – IDT Corporation (NYSE: IDT) will report its financial and operational results for the third quarter of its fiscal year 2015 on Thursday, June 4, 2015 after market close.

The third quarter (the three months ended April 30, 2015) earnings release will be filed on a Form 8-K and posted on the IDT investor relations website (www.idt.net/ir) at approximately 4:30 PM ET on June 4th. As in prior quarters, the earnings release will not be issued over a wire service.

IDT will host an earnings conference call beginning at 5:30 PM ET with management’s discussion of results, outlook and strategy followed by Q&A with investors.

To listen to the call and participate in the Q&A, dial toll-free 1-877-300-8521 (from U.S.) or 1-412-317-6026 (international) and request the IDT Corporation call.

An audio replay of the conference call will be available one hour after the call concludes through June 11, 2015 by dialing 1-877-870-5176 (toll free from the U.S.) or 1-858-384-5517 (international) and providing the following replay PIN: 10066227. The replay will also be available by streaming from the IDT investor relations website (www.idt.net/ir) shortly after the call concludes.

About IDT Corporation:
IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked conveniently and inexpensively communicate and share resources around the world. IDT Telecom’s wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for a mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.