Newark, N.J. and London UK, April 21, 2005 – IDT Europe announced today that it has acquired the Expercom pre-paid phone card business from Belgacom, Belgium’s leading telecommunications company. The deal strengthens IDT’s presence in Europe. IDT Europe is a division of IDT Corporation (NYSE: IDT, IDT.C), an international telecom, technology and entertainment company.

Expercom markets calling cards throughout Belgium. The cards are available at post offices, railway stations, and retail location such as newspaper stands, neighborhood shops and supermarkets. Expercom’s cards provide low cost, high quality phone service within Belgium and to more than 200 countries worldwide. Calls may be placed from private, public or mobile phones. For the first part of 2004, Expercom calling card sales averaged more than 250,000 cards a month.

“This acquisition provides IDT with a solid platform for continued expansion across Europe, The Middle East and Africa,” said Jim Courter, IDT’s CEO. “IDT Europe’s plan is to expand organically and through strategic acquisitions. This is similar to how IDT built its calling card business in the U.S.”

IDT Europe presently markets more than 350 individual brands of calling cards in 17 European countries. The addition of Expercom’s calling card products gives IDT Europe a larger share of the market in Belgium and provides a platform for further expansion.

“The combination of IDT Europe and Expercom’s operations and plans for European expansion are an ideal fit, offering a tremendous opportunity of growth within the region,” said Marc Bodner, Managing Director of IDT Europe. “The quality of our products and commitment of our team have enabled us to grow considerably despite the competition in the calling card industry. IDT Europe has consolidated its position as the leading force in the European telephony industry and integrating the Expercom operations into IDT Europe will be a key focus for the next quarter.”

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company’s initiatives in radio broadcasting, brochure distribution and new technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers.

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.

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those include 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, including, but not limited to, those described in IDT’s most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings IDT may make with the SEC.

Newark, N.J., April 18, 2005- IDT Corporation (NYSE: IDT, IDT.C) is pleased to announce that the company has moved up from 746 to 705 on this year’s Fortune 1000 list. The new list is available on line and will be published in the April 18th issue of Fortune Magazine. IDT Corporation is an international telecom, entertainment and technology company.

“Fasten your seat belts, IDT’s driving in the passing lane,” said Howard Jonas, IDT’s Chairman. “Accelerating ahead on Fortune’s 1000 list is great, but IDT’s prospects for the future are even better. Telecom revenue continues to grow, we’re expanding our presence in Europe, Asia and Latin America and IDT Entertainment is emerging as an industry leader. Passengers are advised to hold on. The ride has just begun.”

The Fortune 1,000 ranks America’s largest corporation by annual revenues. According to Fortune Magazine, IDT’s 2004 revenue was more than $2.2 – billion, up 20.8% from the previous year.

“Look at the great companies of the Fortune 100, most of them have businesses in many industries. This diversification provides more sources of revenue and makes them less reliant on any one sector,” said Jim Courter, IDT’s CEO. “While IDT continues to have great success and expand its telecommunications business, we have long wanted to become more diversified. So, we’ve begun to make strategic and carefully planned moves into other industries, such as entertainment and spectrum leasing, to name a few. As these businesses grow and mature, we expect the additional streams of revenue to propel IDT into the ranks of the top Fortune companies.”

In 2004, IDT sold about 370-million calling cards through its network of more than 300,000 retail locations. In addition, IDT customers placed more than 2-billion calls to destinations in over 230 countries.

About IDT Corporation:

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company’s initiatives in radio broadcasting, brochure distribution and new technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers.

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.

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those include 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, including, but not limited to, those described in IDT’s most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings IDT may make with the SEC.

Newark, N.J., April 7, 2005 – IDT Corporation (NYSE: IDT, IDT.C) today announced the appointment of John C. Petrillo, former Executive Vice President for Corporate Strategy & Business Development for AT&T, as Chief Executive Officer of IDT Spectrum Inc. IDT Spectrum is the recently formed division of IDT that operates and markets wireless spectrum products and solutions. IDT Corporation is an international telecom, entertainment and technology company.

“The increasing demand for wireless connectivity makes IDT’s spectrum assets a valuable commodity,” said Jim Courter, IDT’s CEO. “John Petrillo’s appointment as IDT Spectrum’s CEO places those assets under the management of a gifted executive who has played a key role in the development and implementation of many advanced and innovative telecommunications technologies.”

John C. Petrillo has played a leading role in the telecommunication industry for more than 30 years. As Executive Vice President at AT&T, Mr. Petrillo supervised the launch of new telecommunication products and services and was lead negotiator on many critical global and domestic telecom business relationships. He also held many significant operating positions and led strategic initiatives including the development of business strategies in the telephone services, cable and Internet industries. His educational credits include a Bachelor of Science degree in Electrical Engineering from Worcester Polytechnic Institute and a legal degree from Brooklyn Law School.

IDT Spectrum is the largest holder of commercial high frequency exclusively licensed, fixed wireless spectrum in the United States.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company’s initiatives in radio broadcasting, brochure distribution and new technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers.

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.

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those include 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, including, but not limited to, those described in IDT’s most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings IDT may make with the SEC.

NEWARK, N.J. –March 10, 2005–IDT Corporation (NYSE: IDT, IDT.C) today reported quarterly revenues of $608.8 million for the second quarter of its fiscal 2005, the three months ended January 31, 2005. Second quarter revenues increased 15.5% versus the second quarter of fiscal 2004’s revenues of $527.0 million and decreased 3.3% from the prior quarter’s $629.7 million. Consolidated gross margin of 26.5% for the second quarter of fiscal 2005 represents the highest gross margins achieved in the last six years.

The net loss for the second quarter of fiscal 2005 was $17.7 million, or ($0.19) per share, compared to net income of $18.4 million, or $0.20 per diluted share, in the second quarter of fiscal 2004, and compared to a net loss of $11.7 million, or ($0.12) per share, in the first quarter of fiscal 2005.

As of January 31, 2005, cash and cash equivalents, marketable securities, and restricted cash and marketable securities stood at $1,016.2 million, including $118.0 million held by Net2Phone.

Loss from operations for the second quarter of fiscal 2005 was $24.6 million, compared to losses from operations of $16.2 million and $11.9 million for the second quarter of fiscal 2004 and the first quarter of fiscal 2005, respectively.

CLICK HERE FOR ENTIRE RELEASE AND FINANCIAL TABLES

Newark, N.J., January 13, 2005 – IDT Corporation is pleased to announce that for the second year in a row, it has received the Prepaid Market Product of the Year Award for its International Calling Cards from Frost & Sullivan, a global growth consulting company. The award was presented to IDT during the Excellence in Information & Communications Technologies Award Banquet held January 12. IDT Corporation (NYSE: IDT, IDT.C) is an international telecom, entertainment and technology company.

“The Prepaid Product of the Year Award is a reflection of our commitment to making our International calling more affordable and available to consumers around the globe,” said Jim Courter, IDT’s CEO. “In 2004, IDT sold more than 370 million prepaid calling cards worldwide. IDT has a global customer base that continues to grow as customers turn to IDT for our high-quality, low cost telecom products.”

According to the Frost & Sullivan announcement of the award, “IDT has increased its market share every year for the last four years and is now a leader in the U.S. international prepaid market.” Frost & Sullivan also noted that IDT Corporation is one of the few companies that have been able to see significant growth in the calling card industry.

Frost & Sullivan presents its Product of the Year Award to a company that has demonstrated excellence in new products and technologies within an industry. The recipient company has shown innovation by launching a broad line of emerging products and technologies.

Frost & Sullivan, a global growth consulting company founded in 1961, partners with clients to create value through innovative growth strategies. The foundation of this partnership approach is our Growth Partnership Services platform, whereby we provide industry research, marketing strategies, consulting, and training to our clients to help grow their business. A key benefit that Frost & Sullivan brings to its clients is a global perspective on a broad range of industries, markets, technologies, econometrics, and demographics. With a client list that includes Global 1000 companies, emerging companies, as well as the investment community, Frost & Sullivan has evolved into one of the premier growth consulting companies in the world. For more information, visit www.frost.com.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company’s initiatives in radio broadcasting, brochure distribution and new video technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers.

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.

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those include 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, including, but not limited to, those described in IDT’s most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings IDT may make with the SEC.

NEWARK, N.J.–Jan. 4, 2005–IDT Corporation (NYSE: IDT , IDT.C ) is pleased to announce that its IDT Telecom subsidiary surpassed the 100-million minute mark for minutes-of-use for both Christmas and New Year’s Day. IDT racked up a record 107- million minutes on Christmas Day and more than 100-million minutes on New Year’s Day. These two days represented the first time that IDT Telecom has carried more than 100 million minutes on its network in a single day. The total for these two days represents a 30-million minute increase from the same period last year. IDT Corporation is an international telecom, entertainment and technology company.

“During the holiday season, a call from a relative or a friend is often the best gift of all,” said Jim Courter, IDT’s CEO. “IDT doesn’t wait for the holidays to give its customers high-quality, reliable phone service to people around the globe, we do it every day.”

Recently, IDT was ranked the third largest carrier in the world of international minutes of voice traffic transported out of a single country by TeleGeography in its 2003 list of top telecom companies. TeleGeography is the recognized authority for telecommunication’s industry research. In October 2004, IDT announced that IDT Telecom had been chosen by TRANZACT as the exclusive phone service provider for “Sears Connect” point of sale phone cards, available at more than 1,800 Sears stores.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company’s initiatives in radio broadcasting, brochure distribution and new video technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers. 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.

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those include 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, including, but not limited to, those described in IDT’s most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings IDT may make with the SEC.

Newark, NJ, & Englewood, Colorado, December 21, 2004 – Liberty Media Corporation and IDT Corporation today announced that Liberty Media will exchange all of its direct and indirect interests in Net2Phone for [3,754,480] newly-issued shares of IDT Class B Common Stock. At the close of this transaction, IDT will own 41.2% of the equity of Net2Phone and have voting control. Liberty Media will own 17.2% of IDT Corp.

“With this one transaction, IDT brings itself closer both to Net2Phone, the company it created nearly a decade ago and the leader of the Voice over Internet Protocol (VoIP) revolution, and to Liberty Media, a great strategic partner,” said Jim Courter, IDT’s CEO.

“The share exchange simplifies Liberty Media’s ownership interests in IDT and Net2Phone,” said Mark Carleton, Senior Vice President of Liberty Media. “Liberty Media remains committed to working with Net2Phone through IDT as both companies continue to deploy advanced communications services around the world.”

The transaction is subject to antitrust review and other customary closing conditions.

Liberty Media Corporation (NYSE: L, LMC.B) is a holding company owning interest in a broad range of electronic retailing, media, communications and entertainment business classified in three groups; Interactive, Networks and Tech/Ventures. Liberty’s business includes some of the world’s most recognized and respected brands and companies, including QVC, Encore, Starz, Discovery, IAC/InteractiveCorp, and News Corporation.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company’s initiatives in radio broadcasting, brochure distribution and new video technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers.

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.

About Net2Phone
Net2Phone provides VoIP PacketCable, SIP and wireless solutions around the world. As leaders in enabling telecom service providers and cable operators with turn-key hosted VoIP telephony services, Net2Phone has routed billions of retail VoIP minutes globally, servicing more than 100,000 users in the US as well as hundreds of thousands of more overseas. Net2Phone’s hosted SIP platform provides partners with residential broadband telephony, calling cards, prefix dialing and enterprise services in over 100 countries.
Net2Phone’s PacketCable platform provides cable operators with the ability to deliver a primary line replacement service with guaranteed QoS and features such as E911. Net2Phone’s common stock trades on the NASDAQ under the ticker symbol NTOP. For more information about Net2Phone’s products and services, please visit
http://www.net2phone.com.

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those include 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, including, but not limited to, those described in IDT’s most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings IDT may make with the SEC.

NEWARK, N.J. — December 8, 2004 —IDT Corporation (NYSE: IDT, IDT.C) today reported record quarterly revenues of $629.7 million for the first quarter of its fiscal 2005, the three months ended October 31, 2004. First quarter revenues increased 22.7% versus the first quarter of fiscal 2004’s revenues of $513.1 million and 3.0% over the prior quarter’s $611.2 million. Consolidated gross margins of 25.4% were the highest recorded in six years.

First quarter of fiscal 2005’s net loss was $11.7 million, or ($0.12) per share, as compared to a net loss of $14.0 million, or ($0.17) per share, in the first quarter of fiscal 2004 and to a net loss of $23.3 million, or ($0.25) per share, in the fourth quarter of fiscal 2004.

As of October 31, 2004, cash, cash equivalents and marketable securities stood at $999.6 million, including $125.8 million held by Net2Phone.

Loss from operations for the first quarter of fiscal 2005 was $11.9 million, compared to losses from operations of $18.4 million and $29.0 million for the first quarter of fiscal 2004 and the fourth quarter of fiscal 2004, respectively.

Please click on attachment for entire release.

Conference Call Scheduled for 8:00 am (EDT)

NEWARK, N.J. – December 3, 2004 – Please join us for the IDT Corp. (NYSE: IDT and IDT.C) first quarter conference call when we report results for the period ended October 31, 2004, along with an update of our current financial status.

Our conference call is scheduled for Wednesday, December 8, at 8:00 AM (EDT). An earnings release will be available prior to the call.

We are pleased to offer two ways to participate in the conference call — via teleconference or webcast. You may access the webcast of our call by visiting the IDT Corp. website (www.idt.net). A direct link to the call will be found on the IDT Corporation home page, and at the following hyperlink:
Click here

You 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.

If you choose to participate via telephone, the dial-in number is 1-866-594-2183 for domestic callers, and 1-973-935-8583 for international callers.

Should you miss the call, you may access an archived copy at the IDT website (in the Investor Relations section’s Presentations), or via a replay at 1-877-519-4471 — passcode #5452265 for domestic callers, or 1-973-341-3080 — passcode #5452265 for international callers. The teleconference replay will be available for one week after the conference call.

We look forward to your participation.

Anthology Film Series Unites The Biggest Directors In Horror For A Minimum Of 13 Original One Hour Films. John Carpenter, Don Coscarelli, Joe Dante, Mick Garris, Stuart Gordon, Tobe Hooper, John Landis And George Romero Among The Directors Set For Masters of Horror Film Anthology

Newark, NJ & Los Angeles, CA, November 3, 2004 – IDT Entertainment’s New Arc Entertainment has joined with Industry Entertainment and Nice Guy Productions to produce Masters of Horror, an anthology series that assembles such prominent genre directors as John Carpenter (Halloween, The Thing), Don Coscarelli (Phantasm, Bubba Ho-Tep), Joe Dante (The Howling, Gremlins), Mick Garris (Riding the Bullet, The Stand), Stuart Gordon (The Re-Animator), Tobe Hooper (Texas Chainsaw Massacre, Poltergeist), John Landis (An American Werewolf in London) and George Romero (Night of the Living Dead, Dawn of the Dead), for a minimum of 13 one-hour films.

IDT Entertainment Sales will handle worldwide distribution of the Masters of Horror series and Anchor Bay Entertainment will handle all video releases. The series will make its debut at American Film Market (AFM) 2004 in Santa Monica, CA.

While some of the Masters will be directing from their own screenplays, an equally impressive roster of writers will be participating in the anthology, including Richard C. Matheson (What Dreams May Come, Somewhere in Time), celebrated horror comic book creator/writer Steve Niles (Hyde, 30 Days of Night), noted horror writer David Schow (A Nightmare on Elm Street 5: The Dream Child, Bullets of Rain) and Michael Brandt and Derek Haas (2 Fast 2 Furious, Catch That Kid). In addition, writer Kim Henkel and Tobe Hooper will collaborate for the first time since “Texas Chainsaw Massacre.”

Masters of Horror grew out of an informal bi-monthly dinner attended by several of the horror genre’s most highly regarded directors. The filmmakers agreed that the short-form anthology approach would serve as an effective way to spin their dark tales they’ve always most wanted to tell.

“Ever since we first brought the project to their attention, IDT Entertainment’s New Arc Entertainment and IDT Entertainment Sales have been extremely supportive of Masters of Horror. As a result of IDT Entertainment’s enthusiastic support, creative input and distribution prowess, we can look forward to a successful launch of Masters of Horror in the U.S. and throughout the world,” said Andrew Deane, Partner, Industry Entertainment.

“For its high profile directors, writers and producers, Masters of Horror is a labor of love, which oftentimes results in productions that go on to become instant classics,” said John Hyde, COO of IDT Entertainment “We are proud to house Masters of Horror within our prolific IDT Entertainment companies. At the same time, we are delighted to work alongside Industry Entertainment and Nice Guy Productions as we enter the production phase of this exciting project.”

Serving as Executive Producers of Masters of Horror are Mick Garris, Andrew Deane and Keith Addis. Principal photography for the first film production is scheduled to begin in Vancouver on March 15, 2005.

New Arc Entertainment, IDT Entertainment Sales and Anchor Bay Entertainment are units of IDT Entertainment. A division of IDT Corporation, IDT Entertainment is a vertically integrated entertainment concern that develops, produces and distributes proprietary and licensed entertainment content, with a particular focus on high-quality animation.

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