NEWARK, N.J. — October 14, 2004 —IDT Corporation (NYSE: IDT, IDT.C) today reported record annual revenues of $2.217 billion for fiscal 2004, up 20.8% from fiscal 2003’s $1.835 billion of revenues, and record quarterly revenues of $611.2 million for the fourth quarter of its fiscal 2004, the three months ended July 31, 2004. Fourth quarter revenues increased 8.1% over the prior quarter’s $565.7 million and 25.8% versus the fourth quarter of fiscal 2003’s revenues of $485.7 million.

Fourth quarter of fiscal 2004’s net loss was $23.3 million, or ($0.25) per share, as compared to a net loss of $76.8 million, or ($0.84) per share, in the third quarter of fiscal 2004 and to net income of $8.3 million, or $0.10 per diluted share, in the fourth quarter of fiscal 2003. For fiscal 2004, IDT recorded a net loss of $95.7 million, or ($1.09) per share, compared with a net loss of $17.5 million, or ($0.22) per share, in fiscal 2003.

Cash, cash equivalents and marketable securities stood at $1.062 billion, including $132.8 million held by Net2Phone, as of the close of fiscal 2004.

Loss from operations for the fourth quarter was $29.0 million, compared to losses from operations of $58.4 million and $29.4 million for the third quarter of fiscal 2004 and the fourth quarter of fiscal 2003, respectively.

Please click on attachment for entire release.

Newark, N.J., October 13, 2004 – IDT Entertainment today announced the launch of New Arc Entertainment, a film production company producing live action feature films and animated movies in the supernatural/thriller/action genre. New Arc is committed to producing multiple live action features, several animated films and one animated series within its first 15 months of operation. John W. Hyde, COO of IDT Entertainment, will manage the new company. IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), an international telecom, entertainment and technology company.

Principal photography on “The Fallen Ones,” New Arc’s first feature, was completed in September 2004. The film, starring Casper Van Dien, Robert Wagner, Tom Bosley, and Kristin Miller, and directed by Kevin Van Hook, is a supernatural thriller. New Arc’s next film, “All Souls Day: Dia De Los Muertos,” starring Laura Elena Harring and Danny Trejo and directed by Jeremy Kasten, (The Attic Expeditions), began principal photography in October 2004. The film was produced by Mindfire Entertainment through their CFQ Films division and was written by Mark Altman and produced by Mark Gottwald and Altman, also publishers of CFQ (formerly Cinefantastique) and Femme Fatales magazines. “All Souls Day” will be promoted in CFQ (formerly Cinefantastique) and Femme Fatale magazines.

Additional New Arc projects in pre-production include several feature films with acclaimed producer Stephen J. Cannell. IDT Entertainment home video subsidiary Anchor Bay is currently distributing several of Cannell’s television series including the fall release of “Silk Stalkings,” “21 Jump Street” and “The Commish.”

IDT Entertainment animation productions included under the New Arc umbrella are: “El Superbeasto” by Rob Zombie, Todd McFarlane’s “Spawn,” and the six picture series “Stan Lee Presents” the first two of which are “Chameleon” and “El Lobo.” New Arc anticipates additional announcements for new projects soon.

“New Arc’s major launch is sparking interest in Hollywood,” said Jim Courter, IDT’s CEO. “First, IDT Entertainment made its mark in animation by assembling a group of innovative and creative companies. Now, New Arc is bringing together today’s top talent to deliver live action movies to an audience of millions.”

Initially, New Arc will distribute its movies direct to DVD. Anchor Bay, IDT Entertainment’s home video subsidiary, will distribute New Arc product in the U.S., Canada and the U.K. IDT Entertainment Sales will handle international sales in all media.

“Anchor Bay currently distributes a number of cult classics by George Romero, John Carpenter, Clive Barker and Sam Rami,” said John Hyde, CEO of New Arc Entertainment. “Through New Arc, IDT Entertainment continues the genre with a lineup of new classics guaranteed to cause viewers to watch with the lights on while sitting on the edge of their seats.”

For many of New Arc’s live action features the company will rely on DPS Film Roman’s Forum Visual Effects for special effects work. Forum Visual Effects is well known for creating visual effects for such films as “I, Robot,” “Daredevil,” “My Favorite Martian” and “Miss Congeniality.”

IDT Entertainment, a division of IDT Corporation, is a vertically integrated entertainment concern that develops, produces and distributes proprietary and licensed entertainment content, with a particular focus on high-quality animation. IDT Entertainment consists primarily of the following wholly owned or controlled subsidiaries:

Anchor Bay Entertainment is one of the largest independent distributors of DVDs and videos to retail outlets, and has a significant presence in the children’s, horror and fitness genres. Anchor Bay’s library consists of over 3,500 owned or licensed titles, including the Thomas the Tank Engine series, the Halloween series and the Crunch fitness series.

Manga Entertainment is a film company specializing in the production, distribution and worldwide marketing of Japanese animation or “anime” for home video releases, theatrical, and television broadcast.

DPS Film Roman is a leading third-party provider of television animation services and special effects. Film Roman has been the animation studio for The Simpsons, King of the Hill, and Tripping the Rift, now airing on the Sci-Fi network.

Digital Production Solutions, or DPS, is an animation studio with capabilities in both Computer Generated (CG) and classic 2D animation. DPS has an art and development facility in Newark and a major production facility just outside
of Jerusalem.

Mainframe Entertainment is a leading provider of CG animation for television and direct-to-video products such as the Barbie DVD collection for Mattel, Popeye and Scary Godmother.

DKP Effects is a 3-D animation, and special effects production company, well known for its innovative work for movies and television.

IDT Entertainment Sales (IDTeS) is the IDT Entertainment company responsible for the worldwide distribution of content from IDT Entertainment companies, as well as third-party producers.

IDT Entertainment has completed several investments and joint ventures to secure access to brand name characters and content, as well as distribution channels for family-friendly content. In July 2003, IDT purchased a minority equity interest in Vanguard Animation and entered into a joint venture with Vanguard to co-produce and co-own future Vanguard properties distributed in theaters, direct-to-video and on television. Vanguard Animation is a CG animated feature film company founded by John Williams, the originating producer of Shrek. Vanguard’s initial production, Valiant, is the first in a series of four Vanguard-produced films to be distributed by Disney. IDT Entertainment also has an equity interest in Archie Comics Entertainment as well as rights to co-develop and co-produce animated properties based upon selected Archie comics characters as well as Josie and the Pussycats and Sabrina, the Teenage Witch. IDT has also entered into a joint venture with the Christian Broadcasting Network to develop and distribute family-friendly programming. IDT Entertainment also owns a minority interest Stan Lee’s POW! Entertainment. In connection with IDT Entertainment’s investment in POW!, the companies agreed to co-develop and co-produce a minimum of six animation projects for Direct-to-DVD distribution and broadcast.

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, 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.

Conference Call Scheduled for 8:00 am (EDT)

NEWARK, N.J. – October 12, 2004 – Please join us for the IDT Corp. (NYSE: IDT and IDT.C) year end and fourth quarter conference call when we report results for the period ended July 31, 2004, along with an update of our current financial status.

Our conference call is scheduled for Thursday, October 14, 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, or Click here to access the webcast.

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 #5260630 for domestic callers, or 1-973-341-3080 — passcode #5260630 for international callers. The teleconference replay will be available for one week after the conference call.

We look forward to your participation.

IDT Entertainment joins the world in mourning the loss of Christopher Reeve, a great American hero.

We were privileged to be working with Chris on what has now become his final theatrical feature project. Yankee Irving – the working title of the film – was very close to his heart, following the story of a boy who overcomes personal obstacles to realize his large dreams. Chris was the director of the movie, an animated urban fable, which is planned to be released in 2006.

Christopher Reeve was a great American who led by example and taught the world that obstacles in life are meant to be overcome. He was an inspiration to all of us at IDT Entertainment and everyone who worked with him.

IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C).

Newark, N.J., September 29, 2004 – DPS Film Roman, an IDT Entertainment company, and recent Emmy award winner, Harry Connick Jr., will join forces to co-produce “The Happy Elf,” a one-hour 3D animated holiday special based on Connick’s original children’s song from his 2003 Sony/Columbia Records release “Harry for the Holidays.” “Harry for the Holidays” was the top selling holiday CD for 2003. IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), an international telecom, entertainment and technology company. HC Productions, whose partners include Connick, Scott Landis and Ann Marie Wilkins, will co-produce.

Based on Harry Connick’s original Christmas song of the same name, with script by Andrew Fishman and story by Fishman and Scott Landis, “The Happy Elf” is the story of Eubie, one of Santa’s helpers whose overly optimistic outlook is put to the test when he tries to bring Christmas joy to a sad little town aptly called Bluesville.

“Harry Connick Jr. is among an elite group of performers with the rare ability to connect with audiences of all ages,” said Jim Courter, IDT’s CEO. “The combination of his musical talent and DPS Film Roman’s animation expertise adds up to holiday entertainment magic. ‘The Happy Elf’ promises to be a must-watch special for television and a must-have DVD for families worldwide.”

Now in production for the 2005 holiday season, “The Happy Elf” will feature an animated Harry Connick Jr. serving as host and narrator of the story. Mr. Connick will also compose and produce the score for the special. “I am happy to be working with some of the best people in the animation world,” noted Connick. “This is going to be fun.”

“’The Happy Elf’ is family friendly entertainment at its best,” said Morris Berger, CEO of IDT Entertainment. “IDT Entertainment’s Anchor Bay plans to release ‘The Happy Elf’ to the domestic DVD market, while our newly created IDT Entertainment Sales company will handle worldwide television distribution.”

“The Happy Elf” marks the third holiday-themed special for Connick. His first, a 1993 CBS holiday special, coincided with the release of his first holiday CD, “When My Heart Finds Christmas.” That CD went on to become one of the best selling holiday CDs of all time. His second, a 2003 NBC holiday concert special, emerged as the highest-rated show on Thanksgiving night. In addition, Connick was honored by the Emmys last month, winning the award for Outstanding Music Direction for his 2004 PBS Great Performances concert “Only You: In Concert.” All of these achievements – not to mention his album sales of over 20 million, his three Grammy awards, his Tony nomination for music and lyrics composed for a Broadway play, and his performance of Oscar and Golden Globe nominated songs – reflect a creative energy that make Harry Connick Jr. unique in the world of contemporary entertainment.

Sidney Clifton, Senior Vice President of Programming and Development for Film Roman, will serve as Creative Executive for DPS Film Roman. Scott Landis will executive produce for HC Productions, which is also developing for 20th Century Fox a feature film musical called “Ben Invention,” based on an original idea by Connick.

IDT Entertainment, a division of IDT Corporation, is a vertically integrated entertainment concern that develops, produces and distributes proprietary and licensed entertainment content, with a particular focus on high-quality animation. IDT Entertainment also owns a minority interest in Stan Lee’s POW! Entertainment. In connection with IDT Entertainment’s investment in POW!, the companies agreed to co-develop and co-produce a minimum of six animation projects for Direct-to-DVD distribution and broadcast. Recently, IDT Entertainment entered into a multi-faceted development, production, and distribution agreement with Todd McFarlane Productions (TMP) to produce animated programming and merchandise based on Spawn and other TMP original intellectual properties.

Newark, N.J., September 23, 2004 – IDT Telecom today announced that it has signed an agreement to provide international long distance phone service to Cablevision Systems Corporation’s Optimum Voice digital voice-over-cable customers. The new service also includes a remote calling feature that allows customers to make international calls from any location in the U.S., Puerto Rico or U.S. Virgin Islands. IDT Telecom is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), an international telecom, entertainment and technology company.

Cablevision’s Optimum Voice became available across the company’s footprint of nearly 4.4 million homes in the New York metropolitan area late last year, and the company had 115,000 customers as of June 30, adding 3,400 customers on average each week during the second quarter.

“IDT and Cablevision are extending the reach of cable telephony around the globe,” said Jim Courter, IDT’s CEO. “To go along with unlimited calling in the U.S. and Canada, Cablevision’s Optimum Voice customers now can direct-dial international calls at extremely competitive rates, with the added convenience of being able to make these discounted international calls while away from home.”

To activate international calling, Optimum Voice customers must visit the Optimum Voice Web site at www.optimumvoice.com and register using either a credit or debit card with a minimum initial payment of $10. Customers can then visit the site to purchase additional minutes, to activate an “auto-recharge” option that can automatically recharge the account when the balance falls below $5, or to view their international calling detail and billing status.

Customers can also make calls to international destinations from any location within the U.S., Puerto Rico or the U.S. Virgin Islands by dialing a toll-free access number and entering their ten-digit telephone number and security code. The usage is automatically billed to their Optimum Voice international calling balance. This innovative remote calling feature also allows customers to register up to five telephone numbers for remote calling privileges without having to enter their 10-digit phone number and security code.

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 national 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. Menlo Park 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. and Vancouver, BC, September 23, 2004 – Mainframe Entertainment (TSX: MFE), an IDT Entertainment company, has entered into an agreement with skateboarding legend Tony Hawk to produce a computer generated (CG) animated feature for direct-to-video release. IDT Entertainment Sales will handle worldwide television and video/DVD distribution. IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), an international telecom, entertainment and technology company.

Mainframe will produce the film, which is tentatively titled “Tony Hawk in ‘Boom Boom Goes the Circus’.” The film will feature the voice and animated likeness of Tony Hawk and utilize advanced motion capture and Computer Generated animation technology to bring Tony Hawk’s incredible skateboarding skills to life on the screen. Production is scheduled to begin in November 2004 with delivery planned for early 2006.

“With grace, skill and imagination, Tony Hawk transformed an extreme sport into an art form,” said Morris Berger, IDT Entertainment’s CEO. “Now IDT Entertainment, Mainframe and Tony Hawk are taking the art of animation and pushing it to the creative limits. Tony joins Stan Lee, Todd McFarlane, Rob Zombie and other entertainment icons who are working with IDT Entertainment on groundbreaking animation projects.”

“Tony Hawk is a legend in the sport of skateboarding and is the world’s most recognized extreme sports athlete,“ said Rick Mischel, CEO of Mainframe Entertainment. “With this film, Tony will add animation star to his long list of credits. Mainframe will pull out all the stops to make this feature a total ‘in your face’ experience with all the excitement and drama of one of Tony Hawk’s mind-blowing performances.”

The film tells the story of an evil and devious circus owner who plots to ruin Tony Hawk’s Boom Boom HuckJam show by kidnapping Tony. Tony’s fans witness the abduction but can’t convince the authorities that a crime has occurred. With nowhere to turn for help, it’s up to Tony’s loyal fans to rescue their hero. Featuring extreme skateboarding tricks, fast paced car chases, ultra-realistic CG animation and Tony Hawk, the film will have worldwide appeal.

In 2004, Tony Hawk was a Teen Choice award winner for Choice Male Athlete; included on the cover of Forbes Magazine’s annual Top 100 celebrity issue; named the #1 Most Influential Person in Action Sports by Sports Business Journal this year; had 23 million Tony Hawk’s Boom Boom HuckJam Happy Meals distributed at McDonalds restaurants in North America; featured in the August issue of Disney Adventures Australia; featured in the leading UK teen magazine Kerrang; featured on the cover of Swedish youth magazine Kamratposten; and commentated at the 2004 X Games on ESPN.

Mainframe Entertainment Inc. (TSX: MFE), is one of the world’s most prolific producers of computer animation for television and direct-to-videos, and is expanding into long-form CGI for feature films, commercials and interactive entertainment. In addition to its production of the award-winning Barbie of Swan Lake direct-to-video feature, a new Popeye CGI primetime television special, and the new Spider-Man animated series, the company created the animation, logo, and branding for the 2003 MTV Movie Awards. The company is best known as the pioneer of computer animated television series for the groundbreaking ReBoot. Mainframe has produced over 240 half hours of computer animation since its inception in 1993. The company employs approximately 240 artists, animators, technicians and production personnel, and has won many prestigious awards of its creative technical innovations, including a Laureate of the 1998 Computerworld Smithsonian Awards. Mainframe is currently in production of a new CGI animated Inspector Gadget DVD feature, as well as a slate of new proprietary television specials and DVD features. Mainframe’s majority shareholder is IDT Entertainment. 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 Entertainment, a division of IDT Corporation, is a vertically integrated entertainment concern that develops, produces and distributes proprietary and licensed entertainment content, with a particular focus on high-quality animation. IDT Entertainment also owns a minority interest in Stan Lee’s POW! Entertainment. In connection with IDT Entertainment’s investment in POW!, the companies agreed to co-develop and co-produce a minimum of six animation projects for Direct-to-DVD distribution and broadcast. Recently, IDT Entertainment entered into a multi-faceted development, production, and distribution agreement with Todd McFarlane Productions (TMP) to produce animated programming and merchandise based on Spawn and other TMP original intellectual properties.

Newark, NJ September 13, 2004 – Anchor Bay Entertainment, IDT Entertainment’s home video subsidiary, and Twentieth Century Fox Home Entertainment (TCFHE) announced today that they have entered into a long-term distribution agreement. According to the terms of the agreement, TCFHE will handle all manufacturing and distribution services for Anchor Bay’s entire library of DVD and VHS offerings. IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), an international telecom, entertainment and technology company.

“We reviewed a number of strategic distribution partners but only Fox offered the quality and range of service that matched our development plans,” said Ted Green, CEO of Anchor Bay Entertainment. “With this agreement, not only does Anchor Bay gain state-of-the-art distribution management systems and additional retail presence, but we also retain control of our sales and marketing.”

As part of the agreement, TCFHE will provide Anchor Bay with duplication services, wholesale and direct-to-retail distribution of video products, retail merchandising, state-of-the-art vendor managed inventory systems and customer services, as well as other services.

“Anchor Bay is a perfect fit for us. They have built an excellent reputation and offer compelling products,” stated Mike Dunn, President of TCFHE. “We’ll use the expertise of our world-class supply chain to aid them in expanding their presence at retail and ultimately, deliver a broader consumer audience for their titles.”

A recognized industry leader, Twentieth Century Fox Home Entertainment is the marketing, sales and distribution company for all Fox film and television programming on VHS and DVD as well as video acquisitions and original productions for the U.S. and Canada markets. Each year the Company introduces hundreds of new and newly repackaged products, which it services to more than 70,000 retail outlets – from mass merchants and warehouse clubs to specialty stores and e-commerce – throughout North America. Twentieth Century Fox Home Entertainment is a unit of Fox Filmed Entertainment, a unit of Fox Entertainment Group.

Anchor Bay Entertainment is an established leader in the field of home entertainment. In addition to the ever-popular Thomas & Friends collection, the company offers an expansive selection of award-winning, notable theatrical films including “Time Bandits” and “Halloween,” classic television programming such as “Three’s Company” and “Highlander,” the impressive Manga anime line and chart-topping fitness titles including the “Crunch” and “For Dummies” series. Anchor Bay Entertainment is aggressively developing a wide range of original programs and concepts in addition to licensing existing brands and films.

IDT Entertainment, a division of IDT Corporation, is a vertically integrated entertainment concern that develops, produces and distributes proprietary and licensed entertainment content, with a particular focus on high-quality animation. IDT Entertainment consists primarily of the following wholly owned or controlled subsidiaries: Anchor Bay Entertainment, Digital Production Solutions (DPS), DPS Film Roman, Mainframe Entertainment, DKP Effects and Manga Entertainment.

# # #

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, 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, August 26, 2004 – IDT Corporation (NYSE: IDT, IDT.C), a multinational telecom, entertainment and technology company, announced today that WMET 1160 AM, its owned and operated radio station in Washington, D.C., will provide live coverage from the Republican National Convention in New York City. Participating WMET hosts Geoff Metcalf, Linda Chavez, Shmuley Boteach and Jeff Katz, will broadcast live from opening day, Monday, August 30th, through closing day, Thursday, September 2nd. Select WMET hosts also reported live from the recent Democratic National Convention in Boston.

“Our national political conventions provide a forum to discuss the ideas that shape the American political process,” said Jim Courter, IDT’s CEO. “The open exchange of ideas is the bedrock of our democracy. WMET is proud to participate in the process that keeps our citizens involved and informed.”

WMET plans to provide up-to-the-minute coverage of the latest developments from inside the convention hall, as well as in-depth analysis of critical issues. Anticipated guests include policy makers, journalists and national political figures from both parties. WMET’s convention coverage features Geoff Metcalf from 7:00 am to 10:00 am, Linda Chavez from 10:00 am to 12:00 noon, Shmuley Boteach from 2:00 pm to 5:00 pm and Jeff Katz, the latest addition to WMET’s lineup, from 5:00 pm to 7:00 pm.

As a radio host, Jeff Katz has received numerous honors including being named one of the 100 Best Talk Show Hosts by TALKERS Magazine. Mr. Katz brings a life-long interest in politics and the street-smart perspective of an ex-Philadelphia cop to his WMET talk radio program. While in Philadelphia, Mr. Katz was selected by The Achievement in Radio Awards as that city’s best talk show host and was also the recipient of the Jack Anderson Award for excellence in journalism. The Jeff Katz Show is broadcast on WMET Monday through Friday from 5:00 pm to 7:00 pm.

“WMET is the station to turn to for insightful convention coverage that goes beyond the headlines,” said Jerrold Rapaport, IDT Broadcast Group CEO. “Throughout the week, from Monday through Thursday, listeners can expect to hear expert in-depth analysis of the issues that will shape the convention and the on-going Presidential campaign that follows.”

Recently, WMET announced the upgrade of its daytime signal to 50,000 watts. The upgrade will extend the reach of the station’s signal from Baltimore, Maryland to Richmond, Virginia.

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 national 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. Menlo Park is the IDT division principally responsible for the Company’s initiatives in radio broadcasting, brochure distribution and new video technologies. Winstar Holdings, LLC, which provides service under the IDT Solutions brand, is the IDT subsidiary focused on providing broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. 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, August 25, 2004 – IDT Corporation (NYSE: IDT, IDT.C), a multinational telecom, entertainment and technology company, today announced that WMET 1160 AM, its owned and operated radio station in Washington, D.C., has upgraded its signal to 50,000 watts. The upgrade will extend the reach of the station’s signal from Richmond, Virginia to Baltimore, Maryland. The signal upgrade took effect July 12, 2004.

“50,000 watts means access to millions of new listeners,” said Jim Courter, IDT’s CEO. “That’s powerful news for IDT and great news for WMET’s broadcast audience. Now listeners in the D.C. area have a radio station to turn to for lively, intelligent talk, lifestyle programming and in-depth analysis of news and current events.”

WMET’s programming features some of talk radio’s most respected hosts as well as rising stars who have quickly established themselves as leading broadcasters. WMET’s weekday lineup includes The Geoff Metcalf Show, The Linda Chavez Show, JD Balart’s American Radio Journal, The Passion! with Shmuley Boteach, The Bruce Williams Show, and The Daily Agenda with William Kristol. Weekends feature entertaining lifestyle programming including Hints From Heloise, The Movie Show and The Lowell Ponte Show.

“WMET is bringing engaging talk radio into the Washington, D.C. market,” said Jerrold Rappaport, General Manager of WMET. “WMET blends substance and style to deliver serious radio that’s never boring. Currently, there’s nothing like WMET on the D.C. dial. We believe that WMET has the kind of quality programming that will get people talking.”

WMET recently launched an advertising campaign to mark its emergence as a powerful force in Washington, D.C. radio. Featuring the tag line “Radio for the rest of us,” the extensive print campaign includes bus back and taxi ads, and will be followed by TV and newspaper ads. The campaign introduces WMET as the Washington, D.C. talk station with programming that appeals to listeners looking for insightful and entertaining talk radio.

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 national 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. Menlo Park is the IDT division principally responsible for the Company’s initiatives in radio broadcasting, brochure distribution and new video technologies. Winstar Holdings, LLC, which provides service under the IDT Solutions brand, is the IDT subsidiary focused on providing broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. 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.