IDT Corporation to Report 4th Quarter Results on October 11th, 2007


NEWARK, NJ- October 3, 2007 –
Please join the IDT Corporation (NYSE: IDT, IDT.C) fourth quarter fiscal 2007 conference call for results for the three-month period ended July 31, 2007 and the full 2007 fiscal year, along with an update on IDT’s businesses.  The conference call is scheduled for Thursday, October 11th, 2007 at 4:30 PM (Eastern).  An earnings release will be available prior to the call.

Participants may join the conference call two ways – via teleconference or webcast.  The webcast may be accessed by visiting the IDT Corporation website at www.idt.net, or by using the hyperlink:
http://www.vcall.com/IC/CEPage.asp?ID=121509

Participants will need Windows Media software to listen to the streaming feed of the conference call.  Please allow at least 15 minutes to download any necessary audio software prior to the call.

To participate via telephone, the dial-in number for domestic callers is (888)-694-4676, and for international callers is (973) 582-2737, and the Conference ID number is 9282070.  Please dial in approximately 10 minutes prior to the start of the call.

 
An archived copy of the call will be available on the Investor Relations page of the IDT website, at: https://www.idt.net/about/ir/overview.asp; or via a replay, for domestic callers at (877) 519-4471, and for international callers at (973) 341-3080, both using Conference ID number 9282070.  The teleconference replay will be available for one week after the call.

We look forward to your participation.
 
About IDT
IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries.  Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets.  IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets.

IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services.  Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services.
 
IDT Capital’s operations include a receivables portfolio management and collection, ethnic food distribution, brochure distribution, and other initiatives.
 
IDT Energy is an Energy Services Company (ESCO) in New York State.

 

IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

IDT Appoints Marc J. Oppenheimer as Executive Vice President, Chief Financial Officer and Treasurer

Business and financial executive brings strong track record as business-builder and broad financial, operating and strategic expertise to IDT’s executive team
 
NEWARK, N.J., August 23, 2007—IDT Corporation (NYSE: IDT, IDT.C), an international telecommunications and technology company, today announced that the Board of Directors has appointed Marc J. Oppenheimer as Executive Vice President, Chief Financial Officer and Treasurer. Mr. Oppenheimer will commence employment with the Company on August 27, 2007. He will replace former CFO and Treasurer Steve Brown. Mr. Brown will continue to serve as Chairman of IDT Carmel and will help develop some of IDT Capital’s other businesses.

Mr. Oppenheimer will be a key member of IDT’s executive team, overseeing and playing a key role in the Company’s finances, operations and mergers and acquisitions. He will report directly to IDT’s CEO Jim Courter.

“Marc has a strong track record of adding value, as well as building and running successful businesses in various industries. His broad financial, operating and strategic experience, which complements the deep financial expertise of our existing team, will make him a valuable addition to IDT’s senior management,” said Jim Courter, CEO of IDT. “Marc will help IDT continue to execute our growth plan and identify emerging opportunities, as well as maintain our tradition of financial excellence and fiscal discipline.”

Prior to this new appointment, Mr. Oppenheimer has held significant operating and financial positions throughout his 28-year career. Mr. Oppenheimer has been the Lead Independent Director of IDT’s Board of Directors since December 2006 and the financial expert of the Audit Committee of IDT’s board since April of 2006. Marc has also served as the Chairman of the Audit Committee and Director of Net2Phone. His financial expertise includes being President of Octagon Associates, Inc., a merchant banking and financial/strategic advisory firm. Until mid-2006, he was Executive Vice President of Kenmar Global Investment Management, Inc., and a Managing Director of Kenmar-Nihon Venture Capital, LLC. Kenmar is a global asset management firm which, during his tenure, managed $2.4 billion in assets. Mr. Oppenheimer’s previous operational expertise includes being the President and Chief Executive Officer of Crystallex International Corporation, a publicly-traded international natural resources company primarily focused in South America, from February 1995 to September 2003. He served as its Vice Chairman from September 2003 to May 2004. He currently serves on the Board of Directors of Crystallex International Corporation (AMEX: KRY). Mr. Oppenheimer started his financial career as a Credit Officer at The Chase Manhattan Bank, N.A. specializing in international lending and commodity financing. Mr. Oppenheimer also served as the Director of Trade and Merchant Banking for Midlantic National Bank, an institution with assets of $29 billion. Mr. Oppenheimer has a B.S. with Honors in Management and Industrial Relations from New York University as well as an MBA with Honors in Finance from New York University.

“I am delighted to be joining IDT to help it achieve a new level of success and I’m excited about joining a management team that has such a broad level of expertise,” said Mr. Oppenheimer. “I believe IDT is well positioned to deliver value to its shareholders. IDT has made significant strides in recent months and I am looking forward to working closely with Howard, Jim and the rest of IDT’s team to continue the Company’s progress as it aggressively executes its growth strategy.”

Mr. Brown, who led IDT Entertainment during its inception and growth and eventual sale to affiliates of Liberty Media, will devote his full attention to building on the recent momentum in IDT Capital and some of its earlier stage businesses. Jim Courter, CEO of IDT commented “I would like to thank Steve for his long-term devotion and financial guidance to IDT. Steve is largely responsible for growing IDT Entertainment from a small start-up into an integrated entertainment company. We are excited to continue having Steve as a valued member of our IDT family.”

Howard Jonas, IDT’s Chairman and founder added, “With Marc’s appointment, we’re continuing to put the right people in the right places to execute our strategy, and adding outside talent to complement an already strong management team. We know that Marc will be instrumental in identifying opportunities and providing the leadership needed in order to enhance shareholder value.”

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those with 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 IDT’s 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. These risks and uncertainties include, but are certainly not limited to the specific risks and uncertainties discussed in our reports filed with the SEC. All forward-looking statements and risk factors included in this document are made as of the date hereof, based on information available to IDT as of the date thereof, and IDT assumes no obligation to update any forward-looking statements or risk factors.

About IDT Corporation:

IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the Company’s Spectrum subsidiary holds its spectrum license assets.

IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the Company also provides a range of voice over Internet protocol (VoIP) communications services.

IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, acquisition and collection of charged-off receivables, ethnic food distribution, brochure distribution, and other initiatives.

IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

NET2PHONE EXTENDS 3 MONTH FREE SERVICE OFFER TO VoIP CUSTOMERS; Net2Phone to offer VoIP customers stability of service

Newark, NJ – August 13, 2007 – Net2Phone is offering customers of other VoIP providers an attractive solution to ensure continuity of service. After recent events in the VoIP industry, customers of other VoIP services may be questioning the long term viability of their providers.    Net2Phone, a VoIP provider since 1996, will migrate qualifying customers from a competing VoIP service to Net2Phone’s VoiceLine service and provide three months of free calling. Service after the promotional period will be just $19.95/month. Net2Phone is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C).

Customers will have the option to migrate their current number and will be provided with a free telephone adapter upon request.

Net2Phone VoiceLine service provides unlimited local and long distance calling to the US, Canada and Puerto Rico. In addition, the VoiceLine service offers:

·        Popular calling features at no additional charge, including VoiceMail, Caller ID, Call Waiting, Speed Dial, and 3-Way Calling

·        Low international calling rates to over 250 locations

·        Phone Number Options – keep the existing number or get a new one

Many of VoiceLine’s calling features can be managed from a touch-tone phone or from an online customer portal. For additional terms and conditions, visit www.net2phone.com .

“We just witnessed over 200,000 VoIP customers being left stranded when SunRocket closed their doors. Other VoIP providers have experienced financial challenges as well, and customers may be concerned about their long term viability. We have been providing VoIP services for more than a decade. IDT pioneered the development of Voice over IP technology and established ourselves as a worldwide provider of VoIP services when we founded Net2Phone,” said Jim Courter, IDT’s CEO. “We want to maintain consumer confidence in VoIP technology. These customers expect high quality, low cost Internet calling, and Net2Phone is the company to provide it to them.”

VoIP customers should visit www.net2phone.com/3free to learn more about the terms of the offer and how to migrate their service.

About IDT

IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets.

IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services.

IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, acquisition and collection of charged-off receivables, ethnic food distribution, brochure distribution, and other initiatives.

IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

IDT INTERNET MOBILE GROUP FORMS ZEDGE STUDIOS & ACQUIRES CONTROLLING INTEREST IN IDW PUBLISHING

Newark, NJ, July 24, 2007 – IDT Internet Mobile Group (IMG), a division of IDT Corporation, has formed Zedge Studios to develop and license digital content for distribution through web and mobile platforms.  Additionally, IMG has acquired a controlling interest in IDW Publishing (www.idwpublishing.com), a leading independent comics publisher pre-eminent in the horror, action, and sci-fi genres, boasting such high-profile titles as The Transformers, 30 Days of Night, CSI, Star Trek, 24, and Scarface.

Moshe Berger, formerly CEO of IDT Entertainment, which was sold to Liberty Media in 2006, is now working towards making IDT’s Internet Mobile Group an industry leader. “We have seen the explosion of digital content, especially user-generated content, over a variety of platforms,” said Mr. Berger, IMG CEO and head of Zedge Studios. “This is what the new generation of consumers craves. Our intention is for Zedge Studios to become the worldwide destination for content on the web and on mobile devices. IDW Publishing’s stellar reputation in the comics and graphic novel arenas and its emphasis on original intellectual properties in the action and horror genres are a perfect fit for Zedge Studios.  Working closely with IDW’s brilliant management and creative team will bring us one step closer to achieving our global goal.”

An established leader in the comic book and graphic novel marketplace, IDW Publishing has been named “Publisher of the Year” by Diamond Comic Distributors for the previous three years. In keeping with that honor, IDW maintains a commitment to nurturing original content from its dynamic creative roster.  For instance, Sam Raimi (Spider-Man) and his Ghost House Pictures optioned the rights to 30 Days of Night from IDW Publishing and are producing the live-action feature film adaptation of the original horror work, published by IDW and created by Steve Niles and Ben Templesmith. Columbia Pictures is scheduled to release the film, which stars Josh Hartnett, in October.

“I’m proud of the growth we’ve achieved at IDW over the last eight years and very excited to be working with IDT and IMG’s Zedge Studios to catapult our company into new territories,” said IDW co-founder and CEO Ted Adams. “We look forward to the expanded opportunities that this new business relationship will produce for our existing and future properties.”

In December of 2006, IMG announced its acquisition of Zedge (www.zedge.net), a popular social networking community for mobile users and provider of free mobile content which recently topped the five million member mark.  Zedge Studios will capitalize and build upon that loyal user base by developing, acquiring and financing intellectual property (IP) for distribution over multiple channels, including Zedge.net. The site hosts a wealth of complimentary content and tools for mobile phones, with over 250 million pieces of content already downloaded. Zedgers generate, upload, download, or view and share wallpaper, themes, videos, ringtones, games and other free mobile content. Zedge also hosts a robust social community and its blog, zedgeheadz (http://blog.zedge.net), focuses on the world of mobile content.

About IDW:

IDW Publishing is an established leader in the comic book and graphic novel marketplace, particularly in the horror, action, and sci-fi genres. IDW lists some of the most successful and hottest print titles in the industry among its portfolio, including: television’s #1 prime time series CSI: Crime Scene Investigation, Sony’s Underworld; Paramount’s Star Trek; Fox’s 24; Hasbro’s The Transformers; Universal’s Scarface, Land of the Dead and Shaun of the Dead; and Konami’s Silent Hill, Castlevania, and Metal Gear Solid.  The company also works with foreign licensing agents to sell their comics around the world, with titles being published in multiple languages and crossing dozens of regions.

About IDT Internet Mobile Group/Zedge Studios:

IDT Internet Mobile Group’s (IMG) Zedge Studios develops and licenses original content for distribution through online and mobile platforms. Zedge Studios encompasses Zedge.net, the Norway-based user-generated mobile content and social networking community acquired in December, 2006. IDT Internet Mobile Group is part of IDT Corporation (NYSE: IDT, IDT.C), a multinational company with operations in telecommunications and other industries.

About IDT Corporation

IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets.  IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets.  IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services.  Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, receivables portfolio management and collection, ethnic food distribution, brochure distribution and other initiatives. IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

Net2Phone extends a lifeline for stranded SunRocket customers; Net2Phone to offer up to 12 months of unlimited calling service for SunRocket VoIP customers

Newark, NJ – July 19, 2007 – Net2Phone is offering customers of now-defunct SunRocket an attractive solution to maintain VoIP service. Net2Phone, through its VoiceLine service, will honor up to 12 months remaining on a qualifying SunRocket contract. Service after the qualifying contract period will be just $19.95/month.  Net2Phone is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C).

 Net2Phone will provide up to 12 months of unlimited local and long distance service to US, Canada and Puerto Rico. In addition, the Voiceline service offers:

  • Popular calling features at no additional charge, including VoiceMail, Caller ID, Call Waiting, Speed Dial, and 3-Way Calling
  • Low international calling rates to over 250 locations
  • Phone Number Options – keep the existing number or get a new one

 Many of VoiceLine’s calling features can be managed from a touch-tone phone or from an online customer portal. For additional terms and conditions, visit www.net2phone.com.

 “IDT pioneered the development of Voice over IP technology and established ourselves as a worldwide provider of VoIP services when we founded Net2Phone,” said Jim Courter, IDT’s CEO. “We want to maintain consumer confidence in VoIP technology. To do that, we are prepared to offer service to those stranded by SunRocket’s closure and to honor the customer contracts for up to 12 additional months. These customers expect high quality, low cost Internet calling, and Net2Phone is the company to provide it to them.”

 SunRocket customers should visit www.net2phone.com/sunrocket to learn more about the terms of the offer and how to migrate their service.

 SunRocket is a trademark and/or trade name of SunRocket, Inc., a Delaware Corporation.

 About IDT

IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets. IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, acquisition and collection of charged-off receivables, ethnic food distribution, brochure distribution, and other initiatives. IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

 

Zedge Tops Five Million Subscribers; Popular Social Community and Free Mobile Content Provider Increases its Subscriber Base

NEWARK, N.J.—July 12, 2007–IDT Internet Mobile Group (IMG) announced today that www.zedge.net, its online social community for mobile users and user generated free mobile content provider, has now topped five million registered users.

The site hosts a wealth of complimentary content for mobile phones, with over 250 million pieces of content already downloaded. Zedgers generate, upload, download or view and share wallpaper, themes, videos, ringtones, games and other free mobile content. Zedge also hosts a robust social community and its own blog, zedgeheadz (http://blog.zedge.net), focusing on the world of mobile content.

 
According to research firm ABI Research, mobile social communities are expected to more than triple their current scope of approximately 50 million members to reach 174 million members by the year 2011.
“In a short time, we’ve doubled the Zedge subscriber base,” said Moshe Berger, CEO of the IDT Internet Mobile Group. “Today’s mobile users are attracted to features that allow them to personalize their phones and want to share the experience and content with friends and fellow Zedgers. Fueled by this social and business phenomenon, Zedge is intent on becoming the worldwide destination for content and community on the web and on mobile devices.”
 
About IDT Internet Mobile Group (IMG)
IDT Internet Mobile Group is part of IDT Corporation (NYSE: IDT, IDT.C), a multinational company with operations in telecommunications and other industries. IMG acquired Zedge in December, 2006.
 
About IDT Corporation
IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets. IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, receivables portfolio management and collection, ethnic food distribution, brochure distribution and other initiatives. IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

IDT CORPORATION DECLARES CASH DIVIDEND

Newark, N.J. – June 20, 2007 – IDT Corporation (NYSE: IDT, IDT.C) announced today that its Board of Directors authorized a cash dividend of $0.125 per share of IDT Corporation Common Stock, Class A Common Stock and Class B Common Stock. The $0.125 dividend will be payable on July 31, 2007 to shareholders of record at the close of business on July 23, 2007.

Cautionary Statements Regarding Forward-Looking Information:

The declaration of cash dividends in the future is subject to determination each quarter by the Board of Directors based on a number of factors, including IDT’s financial performance and its available cash resources. Accordingly, there can be no assurance that dividends in the future will be equal or similar to the amounts described in this press release or that the Board of Directors will not decide to suspend or discontinue the payment of cash dividends.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those with 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 IDT’s 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. These risks and uncertainties include, but are certainly not limited to the specific risks and uncertainties discussed in our reports filed with the SEC. All forward-looking statements and risk factors included in this document are made as of the date hereof, based on information available to IDT as of the date thereof, and IDT assumes no obligation to update any forward-looking statements or risk factors.

About IDT

IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets. IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VOIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, receivables portfolio management and collection, ethnic food distribution, brochure distribution, and other initiatives. IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

IDT Reports Results for the Third Quarter Fiscal 2007

NEWARK, NJ — June 6, 2007 — IDT Corporation (NYSE: IDT, IDT.C) announces operating results for the third quarter of fiscal 2007, the three months ended April 30, 2007.

·         Revenues: $485.4 million, down 11.3% year-over-year.
·         Net loss: $(15.9) million, versus a net loss of $(8.6) million one year ago.
·         Net loss per share: $(0.20) versus a net loss per share of $(0.09) one year ago.
·         Cash, cash equivalents, marketable securities, and long term investments totaled $750.2 million as of the end of the third quarter.

Click on attachment for entire release

Mikhail Leibov Named Chairman of IDT Telecom

Newark, NJ, June 5, 2007 — IDT Telecom today announced that Mikhail Leibov has been appointed Chairman of IDT Telecom. IDT Telecom is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational corporation with operations in telecommunications and other industries.

Mr. Leibov had served as CEO of Corbina Telecom, IDT’s Russian telecom venture, until its sale in 2005. Under Mr. Leibov’s leadership, Corbina Telecom grew from a start-up telecom venture into a profitable company offering wired and wireless telecom services throughout the 24 largest industrial areas in the Russian market. Mr. Leibov has a Masters of Science degree from Moscow State University, and prior to his time with Corbina and IDT, held various positions at IBM, AT&T and Prodigy Corporation.

“Mikhail’s experience and proven track record in growing businesses and identifying opportunities makes him a valuable asset to our Telecom team,” said Yona Katz, IDT Telecom CEO. “I look forward to working with him to strengthen and grow IDT Telecom.”

IDT Telecom also announced that Marcelo Fischer has been named Chief Financial Officer of IDT Telecom. Mr. Fischer had been Chief Financial Officer of IDT Corporation.  Mr. Fischer replaces Norman Rosenberg, who will be leaving IDT, after a brief transition period, to pursue opportunities outside of the Company.

About IDT

IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries.  Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the Company’s Spectrum subsidiary holds its spectrum license assets.  IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the Company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, receivables portfolio management and collection, ethnic food distribution, brochure distribution, and other initiatives. IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those with 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 IDT’s 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. These risks and uncertainties include, but are certainly not limited to the specific risks and uncertainties discussed in our reports filed with the SEC.  All forward-looking statements and risk factors included in this document are made as of the date hereof, based on information available to IDT as of the date thereof, and IDT assumes no obligation to update any forward-looking statements or risk factors.

IDT Corporation to Report 3rd Quarter Results on June 6, 2007

NEWARK, NJ- May 31, 2007 Please join the IDT Corporation (NYSE: IDT, IDT.C) third quarter fiscal 2007 conference call for results for the three-month period ended April 30, 2007, along with an update on IDT’s businesses. The conference call is scheduled for Wednesday, June 6, 2007 at 4:30 PM (Eastern). An earnings release will be available prior to the call.

Participants may join the conference call two ways – via teleconference or webcast. The webcast may be accessed by visiting the IDT Corporation website at www.idt.net, or by using the hyperlink: http://www.vcall.com/IC/CEPage.asp?ID=117461

Participants will need Windows Media software to listen to the streaming feed of the conference call. Please allow at least 15 minutes to download any necessary audio software prior to the call.

To participate via telephone, the dial-in number for domestic callers is (866) 594-2183, and for international callers is (973) 935-8583, and the Conference ID number is 8810070.  Please dial in approximately 10 minutes prior to the start of the call.

An archived copy of the call will be available on the Investor Relations page of the IDT website, at: https://www.idt.net/about/ir/overview.asp; or via a replay, for domestic callers at  (877) 519-4471, and for international callers at (973) 341-3080, both using Conference ID number 8810070. The teleconference replay will be available for one week after the call.

We look forward to your participation.

Investor Contact
Michael Rapaport
973-438-4408

IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries.  Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the Company’s Spectrum subsidiary holds its spectrum license assets.  IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the Company also provides a range of voice over Internet protocol (VoIP) communications services.  IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, receivables portfolio management and collection, ethnic food distribution, brochure distribution, and other initiatives.  IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.