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.

Newark, N.J., July 1, 2004 – IDT Telecom today announced that it is making “IDT America Unlimited” available in California for $34.95. The company’s all-inclusive unlimited calling plan was recently launched in Florida and Georgia. “IDT America Unlimited” is available for $39.95 in most areas. IDT Telecom is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational telecom, entertainment and technology company.

“IDT America Unlimited” is available to about a third of the American population. In addition, IDT is a licensed CLEC (competitive local exchange carrier) in 44 states. This gives IDT the opportunity to roll out “IDT America Unlimited” in other states depending on market demands and market conditions in the coming months.

“We’ve worked our way down the East Coast and now we’re expanding on the West Coast,” said Jim Courter, IDT’s CEO. “Our long-term plan is to roll out ‘IDT America Unlimited’ across the country. IDT is committed to providing affordable, high-quality telecommunications services to people everywhere.”

“Despite the uncertainty over regulations that would affect local phone competition, you can be certain that IDT will remain competitive,” said Howard Jonas, IDT’s Founder and Chairman. “IDT’s low overhead and cost structure give us the ability to provide quality phone service at reasonable rates.”

“IDT America Unlimited” includes unlimited local, regional toll and long distance calling with Caller ID, Speed Dial, Call Waiting and 3-Way Calling on one monthly bill. Customers may also choose the “IDT America Choice” plan that provides unlimited local service with Caller ID and Call Waiting for $28.95 per month with IDT Long Distance included at just 5 ¢ a minute (available in most areas) with no additional fees. IDT offers a choice of international discount calling plans for either “IDT America Unlimited” or “IDT America Choice” for an additional $2 – $4 monthly. Customers can get per minute rates as low as UK for 6¢, Hong Kong for 6¢ and China for 9¢.

“IDT America Unlimited” is now available in California, Delaware, Florida, Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and West 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, N.J., June 17, 2004 – IDT Entertainment today announced the formation of IDT Entertainment Sales (IDTeS), a new company responsible for the worldwide distribution of content from IDT Entertainment companies, as well as third-party producers. IDT Entertainment companies include Anchor Bay Entertainment, Manga Entertainment, DPS, DPS/Film Roman, Mainframe Entertainment and DKP Effects. IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company.

“With the creation of IDT Entertainment Sales we dramatically expand our distribution capability,” said Jim Courter, IDT’s CEO. “Now, not only do we have DVD distribution to retailers in the U.S., Canada and the UK through Anchor Bay, but we also gain the ability to acquire and distribute programming to television broadcasters worldwide.”

IDT Entertainment is headed by Steve Brown, Chairman and Morris Berger, CEO.
Rick Mischel, CEO of Mainframe Entertainment has been named CEO of IDT Entertainment Sales. Mr. Mischel will continue to serve as Mainframe’s CEO. John W. Hyde, CEO of DPS/Film Roman and COO of IDT Entertainment, will oversee operations of IDT Entertainment Sales as its Vice Chairman with Steve Brown and Morris Berger as Co-Chairs.

Andrew Berman has been named Executive VP of Sales for IDT Entertainment Sales. In that position, he will be responsible for the sales, marketing and distribution for all company properties. Previously, Mr. Berman led the U.S. and worldwide sales efforts for TMS Entertainment, a well-known Japanese animation production and distribution company.

IDT Entertainment Sales will represent the worldwide sales and marketing of IDT Entertainment properties, which include in-house productions of animated features, series, specials and live action feature films. In addition, IDTeS will acquire third-party properties for global distribution. The new company’s main office will be located in Los Angeles. The company will also have a UK office in London.

“The formation of IDT Entertainment Sales will provide IDT Entertainment with a global marketing presence and a significant new source of revenue,” said Morris Berger, CEO of IDT Entertainment. “We plan to immediately enter the worldwide distribution marketplace with IDT Entertainment programming and to leverage our existing relationships with producers, production companies and studios to acquire the distribution rights for other premier properties.”

IDT Entertainment Sales will be making its debut at MIPCOM, the International marketplace for entertainment content, in October with an impressive line up of projects, including the first look at IDT Entertainment’s development of product from the recently announced deals with Stan Lee’s POW! Entertainment, LLC and Todd McFarlane’s Spawn. In addition, IDTeS will unveil a preview of the new Inspector Gadget computer generated (CG) DVD feature, as well as a number of new properties from the IDT Entertainment group of companies.

“IDT Entertainment is now a fully vertically integrated worldwide production and distribution company,” said Rick Mischel, CEO of IDT Entertainment Sales. “With IDT Entertainment Sales, we have the opportunity to take the next step and establish IDT Entertainment as the leader in branded entertainment programming for the global marketplace.”

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 is in the early stages of production on two proprietary CG animated feature films, Gene Roddenberry’s Starpoint Academy and a feature yet to be named, directed by Christopher Reeve. IDT Entertainment consists primarily of the following wholly owned or controlled subsidiaries:

·Anchor Bay Entertainment is one of the largest independent home video distributors of DVDs and videos to retail outlets, and has a significant presence in the children, 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.

·Digital Production Solutions, or DPS, is a Computer Generated (CG) animation production company. DPS’ proprietary Global Animation Studio platform enables numerous animators at diverse locations to work cooperatively and simultaneously on the same animation project utilizing IDT’s telecommunications infrastructure.

·DPS/Film Roman is a leading third-party provider of television animation services and special effects. DPS/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.

·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 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 has an equity interest in Archie Comics Entertainment, as well as rights to co-develop and co-produce animated properties based upon selected characters of Archie Comics Entertainment. 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 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.

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, N.J., June 10, 2004 – IDT Entertainment today announced that through its home video subsidiary, Anchor Bay Entertainment, it has signed an exclusive agreement with Stephen J. Cannell Productions, Inc. to market and distribute hit television programs for the prestigious Cannell library. Featured programs include, “21 Jump Street,” “The Commish,” “Silk Stalkings,” “Hunter,” “The Greatest American Hero,” “Renegade,” as well as other well-known Cannell series. IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company.

Stephen J. Cannell, Founder and Chairman of Stephen J. Cannell Productions, Inc., is well known as one of the television industry’s most prolific writers. During his career, Mr. Cannell created or co-created more than 40 shows and has written more than 450 television episodes. In addition, Mr. Cannell has produced or executive produced more than 1,500 television episodes. Cannell currently has in development “The A-Team” feature film at Fox 2000, “The Greatest American Hero” feature film at Disney and “21 Jump Street” at Paramount.

“Anchor Bay has become a leading independent distributor of direct to home DVD programming by working with great companies like Stephen J. Cannell Productions,” said Jim Courter, IDT’s CEO. “By adding classic Cannell dramas to its existing library of children’s, horror and fitness hits, Anchor Bay gains a new audience and ensures its position as an industry leader.”

Anchor Bay Entertainment has scheduled the first Cannell releases for fall 2004.

“I am thrilled to be working with Anchor Bay Entertainment, a company well-known for releasing quality entertainment on DVD,” commented Stephen J. Cannell. “Over the years, Anchor Bay has demonstrated what can be accomplished if creativity and care are part of the DVD process. I look forward to a long and creative partnership.”

“Stephen J. Cannell’s compelling, dramatic television programming will be a hit at retail,” said Ted Green, CEO of Anchor Bay Entertainment. “ Not only do we see a huge market with original Cannell fans, but we also believe programs like 21 Jump Street with Johnny Depp will find a receptive audience with a whole new generation of younger viewers.”

The agreement includes first run broadcast programs notable not only for launching the careers of many major stars but for their ratings success as well.

The young, hip police series “21 Jump Street” debuted in April 1987 on the then-new Fox Broadcasting Network. With Johnny Depp, Peter DeLuise, Dustin Nguyen and Holly Robinson in leading roles, the show quickly became the most popular series of Fox.

“The Commish,” starred Michael Chiklis as Commissioner Tony Scali and debuted in September 1991 on ABC. The series was based on a real-life police commissioner, Tony Schembri of Rye, New York.

Also debuting in the fall of 1991 was “Silk Stalkings.” The show starred Rob Estes as Sgt. Chris Lorenzo, Mitzi Kapture as Sgt. Rita Lee Lance and Ben Vereen as Captain Hutchinson. Based in wealthy Palm Beach, Florida, “Silk Stalkings” was an hour-long police drama that aired its first two seasons on CBS and the next six seasons on the USA Network.

Fred Dryer and Stephanie Kramer starred in the police drama “Hunter,” which originally debuted in 1984 on NBC. With a gun named Simon, Hunter was a L.A.P.D. detective with a tough but beautiful partner, Detective Sgt. Dee Dee McCall. The show enjoyed seven years in primetime.

“The Greatest American Hero” starred William Katt as a bumbling superhero. The series began airing in March of 1981 on ABC. Its theme song became a major hit record during that summer and has become a part of the TV-culture’s vernacular.

Debuting in 1992, “Renegade” starred Lorenzo Lamas as Reno Raines, a young policeman in Bay City, CA. The show aired on USA Network and also starred its creator, Stephen J. Cannell as Lt. Marshall Donald Dixon.

Stephen J. Cannell Productions, Inc. owns the worldwide distribution rights to more than 1,000 hours of Cannell produced series and TV movies.

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 is in the early stages of production on two proprietary CG animated feature films, Gene Roddenberry’s Starpoint Academy and a feature yet to be named, directed by Christopher Reeve. IDT Entertainment consists primarily of the following wholly owned or controlled subsidiaries:

· Anchor Bay Entertainment is one of the largest independent home video 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.

· Digital Production Solutions, or DPS, is a Computer Generated (CG) animation production company. DPS’s proprietary Global Animation Studio platform enables numerous animators at diverse locations to work cooperatively and simultaneously on the same animation project utilizing IDT’s telecommunications infrastructure.

· 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.

· 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 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 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 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.

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.