Newark N.J., June 10, 2004 – IDT Entertainment today announced its management team and the appointment of John W. Hyde as Chief Operating Officer of IDT Entertainment. Mr. Hyde will also continue in his present position as Chief Executive Officer of DPS/Film Roman Inc., a division of IDT Entertainment. IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company.

John W. Hyde joins IDT Entertainment’s experienced team of entertainment industry executives. The management team will report to Steve Brown, Chairman of IDT Entertainment and Morris Berger, IDT Entertainment’s CEO. IDT Entertainment’s management executives include Yehuda Wurtzel, President of Production and Chief Technical Officer of IDT Entertainment, Ted Green, CEO of Anchor Bay, Dan Krech, President of DKP Effects, Jackie Lynette, CEO of DKP Effects and Rick Mischel, CEO of Mainframe Entertainment. As COO of IDT Entertainment, Mr. Hyde will be responsible for coordinating the operations of DPS/Film Roman, Mainframe Entertainment, Anchor Bay Entertainment, DKP Effects and Digital Production Solutions, divisions of IDT Entertainment.

“IDT Entertainment has assembled a management team of entertainment industry superstars with years of experience in all aspects of the entertainment business,” said Jim Courter, IDT’s CEO. “Inspired by the same combination of solid business strategy and entrepreneurial spirit that has made IDT Corporation a world-class telecommunications industry leader, this group of hands-on professionals is well on its way to building IDT Entertainment into the entertainment company for the 21st Century.”

John W. Hyde’s career in entertainment includes leadership positions in production, distribution, management consulting and restructuring for entertainment companies. He served as Chief Executive Officer of MCEG Sterling Inc, which he merged into Orion Pictures and subsequently into MGM. As an executive and/or producer, Hyde has overseen the distribution of more than 50 feature films and production of 21 motion pictures, including “Short Circuit,” “Flight of the Navigator,” “Eight Million Ways to Die,” “UHF,” “The Never-Ending Story,” “9 1/2 Weeks,” “The Clan of the Cave Bear” and the award-winning “Das Boot.” Hyde is a member of the Academy of Motion Picture Arts and Sciences, the Academy of Television Arts & Sciences and is the former Vice Chairman and board member of the American Film Marketing Association. He served as an officer and director of The Cousteau Society.

Yehuda Wurtzel, President of Production and Chief Technical Officer of IDT Entertainment, has worked in the entertainment industry as a writer, producer, director and designer for over three decades. His credits include “Lights” an animated television special that aired on ABC which featured the voice talents of Judd Hirsch, Paul Michael Glaser and Leonard Nimoy. Mr. Wurtzel’s blueprint for a software and digital production protocol, which succeeded in networking animation shops worldwide, formed the basis for the company that became Digital Production Solutions

Ted Green, CEO of Anchor Bay, IDT’s home video division, was founder and President of Sony Wonder, a subsidiary of Sony Music. As President of Sony Wonder, Mr. Green guided all aspects of sales, marketing, product development, artist and inter-company relations and acquisitions. Under his direction, Sony Wonder grew from a start-up family entertainment business in 1993 into a $100-plus million dollar company with worldwide reach.

Dan Krech, President of DKP Effects is a leading director and producer of visual effects for television commercials and feature films. He founded DKP in 1985. Today, DKP boasts an impressive list of visual effects and animation clients including Disney, Dreamworks, Sony/Columbia Tri-Star, Warner Brothers, 20th Century Fox and PBS/Nova.

Jackie Lynette, CEO of DKP Effects, has for the past 12 years performed dual roles at the company, CFO as well as CEO. Under her direction DKP has grown and prospered regardless of the business climate. As the company’s primary business strategist she has played a key role in DKP’s longevity and success.

Rick Mischel, CEO of Mainframe Entertainment is well known as an animation/entertainment industry leader. Prior to his position at Mainframe, Mischel served as President and COO of the Harvey Entertainment Company in Los Angeles. There he was responsible for all production, development, distribution, online development, operations, merchandising and business affairs for the NASDAQ publicly traded company.

“The management of our company is dedicated to one goal; making IDT Entertainment an industry leader,” said Steve Brown, Chairman of IDT Entertainment. “From the outset, we set our sights high. Two years ago, IDT Entertainment was a start-up. Today we’re the leading producer of primetime broadcast animation, a leading home video distributor and a film producer with three features and numerous television projects in production. And this is just the beginning.”

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 productioncompany, 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.

· Revenues Up 24.4% Year-over-Year to a Record $565.7 Million
· Gross Profit Dollars Up 27.1% Year-over-Year, to a Record $136.9 Million
· IDT Entertainment Revenues Surge for Second Consecutive Quarter; Division Generates Operating Income
· Reorganization of IDT Solutions/Winstar Well Underway

NEWARK, N.J. — June 10, 2004 —IDT Corporation (NYSE: IDT, IDT.C) today reported record revenues of $565.7 million for the third quarter of its Fiscal Year 2004, the three months ended April 30, 2004. Revenues for the third quarter increased 7.3% from the prior quarter and 24.4% year-over-year.

Gross profits for the third quarter of Fiscal Year 2004 were $136.9 million, or 24.2% of revenues, as compared to gross profits of $130.9 million, or 24.8% of revenues last quarter, and gross profits of $107.8 million, or 23.7% of revenues, in the third quarter of Fiscal Year 2003. SG&A expenses in the quarter increased to 23.3% of revenues, compared with 22.0% in the preceding quarter and 23.1% in the year-ago period. On May 12, 2004, the Company announced a reorganization of its Winstar/IDT Solutions division and a reutilization plan for the Winstar assets. The Company recorded restructuring and impairment charges of $39.9 million in the quarter, of which $28.1 million related to the reorganization of Winstar/IDT Solutions and $10.4 million related to undersea fiber that Tycom was to deliver to IDT in connection with the settlement of a litigation, but failed to do.

The loss from operations for the third quarter of Fiscal Year 2004 was $58.4 million, compared to losses from operations of $16.2 million and $37.9 million for the second quarter of Fiscal Year 2004 and the third quarter of Fiscal Year 2003, respectively. The net loss for the third quarter of Fiscal Year 2004 was $76.8 million, or ($0.84) per share, as compared to a net loss of $9.3 million, or ($0.12) per share, in the third quarter of Fiscal Year 2003.

Cash balances and marketable securities stood at $1.045 billion, including $136.8 million held by Net2Phone, as of the close of the third quarter of Fiscal Year 2004.

Please click on “Attachment” for the entire release, which includes the financial tables. The financial tables also are presented separately in the Financials section of the IDT Corporation IR website.

NEWARK, N.J. – June 2, 2004 – Please join us for the IDT Corp. (NYSE: IDT and IDT.C) third quarter conference call when we report results for the period ended April 30, 2004, along with an update of our current financial status.

Our conference call is scheduled for Thursday, June 10, at 4:30 PM (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 #4839932 for domestic callers, or 1-973-341-3080 — passcode #4839932 for international callers. The teleconference replay will be available for one week after the conference call.

We look forward to your participation.

Newark, N.J. May 13, 2004 – IDT Entertainment today announced it has signed an agreement to acquire Manga Entertainment, a film company specializing in the production, distribution and worldwide marketing of Japanese animation or “anime” for home video releases, theatrical, and television broadcast. “Anime,” a form of animation developed in Japan, is derived from and styled after Japanese comic books. IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company.

Established in 1991 in London, UK, Manga Entertainment is one of the largest distributors of Japanese “anime” outside of Asia, with rights to over 300 titles. Over the last 10 years, the company has played an important role in establishing the market for “anime” in Europe and the United States. In 2003, the worldwide market for anime, including theatrical, broadcast television and direct to consumer products was estimated at over 2 billion dollars.

“In a little more than two years IDT Entertainment has established itself as a worldwide entertainment leader,” said Jim Courter, IDT’s CEO. “IDT Entertainment leads the world in primetime broadcast animation programming, and is quickly emerging as a top producer of animated feature films. Now, with the acquisition of Manga Entertainment, IDT Entertainment has a foothold in the hottest genre of “anime” style projects coming out of Asia. It will allow IDT Entertainment to develop and co-produce new titles for worldwide broadcast and distribution.”

Manga Entertainment gained international acclaim with its co-production of the Japanese animated sci-fi thriller “Ghost in the Shell,” the first and only Japanese animated film to reach No. 1 on the Billboard Top Video Sales Chart. “Ghost in the Shell” won awards at The World Animation Festival for Best Theatrical Film and for Best Director of a Theatrical Feature Film. A new, related television series has been scheduled to air late 3rd quarter of 2004 on the Cartoon Network. In the past seven years, the US division of Manga Entertainment has released over 200 titles on DVD and VHS into U.S. retail and rental stores, with over 100 titles currently active.

“With the acquisition of Manga, IDT Entertainment instantly moves into the top rank of ‘anime’ distribution companies,” said Morris Berger, CEO of IDT Entertainment. “’Anime’, along with 3-D Computer Generated (CG) animation, is driving the worldwide growth and popularity of animation. With this acquisition we gain a library of popular titles in an important genre that will add significant strength to Anchor Bay’s position in the marketplace as a leading video distribution company. IDT Entertainment is one of the few animation companies with the depth, resources and technology to develop and market properties worldwide.”

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:

·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.
·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.
·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.

Newark, N.J., May 12, 2004 – IDT Corporation (NYSE: IDT, IDT.C), a multinational communications company, today announced a reorganization of its Winstar/IDT Solutions division. As part of the reorganization, the division plans to discontinue the provision of retail communications services to commercial customers in the markets it currently serves*. The discontinuance applies to retail commercial customers; it does not negatively affect services to wholesale customers, including cable telephony customers, nor does it affect federal government customers and state contract customers, whose services will be preserved.

The division’s assets will be redirected towards providing private line services, wholesale services and spectrum leasing to telecommunications companies and mobile and fixed line carriers, as well as backhaul services.

“We recognize that the future of telecommunications is quickly moving away from traditional wired service towards new technologies,” said Howard Jonas, IDT’s Chairman. “Winstar/IDT Solutions’ fixed wireless assets and technology are perfectly positioned to play a critical role in the development of these technologies, including WiFi and cellular backhaul.”

Fixed wireless technology provides a flexible and cost effective “last mile” solution for voice and data traffic. In addition, fixed wireless provides essential “backhaul” services needed by cell phone operators, and WiFi providers for their telephony products.

“This reorganization directs Winstar/IDT Solutions’ assets to the sectors of the telecom marketplace with the greatest potential for growth,” said Jim Courter, IDT’s CEO. “We are aggressively pursuing agreements with other carriers and cellular companies as well as integrating Winstar/IDT Solutions’ assets into IDT’s recently announced WiFi phone service.”

The reorganization will achieve significant cost reductions through the elimination of unprofitable business services and staff reductions, and is expected to cut the division’s losses significantly. In addition, Winstar’s assets will be integrated into IDT Telecom’s U.S. network, resulting in greater network efficiency and reduced capital expenditures.

IDT expects that the total cost of this reorganization will be approximately $50 million, of which approximately $25 million previously has been accrued for or reserved. IDT expects that by the end of the first quarter of fiscal 2005, IDT Corporation, as well as each of its three subsidiaries, IDT Telecom, IDT Entertainment and the newly formed IDT Menlo Park division will be generating positive cash flow from operations. IDT’s Menlo Park division is comprised of IDT Media, Horizon Global Trading, Approach and IDT Energy.

IDT Corporation is a multinational communications company. IDT’s primary telecommunications offerings are prepaid and rechargeable calling cards, wholesale carrier services and consumer and business local and long distance phone services. IDT’s entertainment business is comprised of complementary operations and investments that enable IDT to acquire, develop, finance, produce and distribute animated and other entertainment content. IDT also operates various media-related businesses including brochure distribution and radio operations. IDT Corporation’s Class B common stock and common stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which the words “will,” “anticipate,” “expect,” “seek,” “intend,” “estimate, “target” and similar expressions are used, 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. Such factors include, but are not limited to: competition and pricing pressures in the telecommunications markets; IDT Solutions’ ability to successfully market its fixed wireless assets and technology to the WiFi and cable telephony markets; unexpected costs that may be incurred in scaling back IDT Solutions’ network, services and operations; and those factors 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.

*Alaska, Alabama, Arkansas, Arizona, California, Colorado, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, New York, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, D.C., Washington State, Wisconsin, West Virginia and Wyoming.

NEWARK, N.J. – May 12, 2004 – IDT Corporation announced today that its IDT Telecom subsidiary posted a record daily number of telecommunications minutes-of-use on Sunday, May 9, 2004, which coincided with the Mother’s Day holiday. Minutes-of-use amounted to approximately 90.8 million minutes, breaking the previous record of 88.8 million minutes, set on December 31, 2003. This year’s Mother’s Day minutes-of-use total represents a 21% increase from last Mother’s Day’s total. IDT Corporation (NYSE: IDT, IDT.C) is a multinational carrier, telephone and technology company.

“Visiting mom and sending flowers are Mother’s Day traditions, but millions of people send their love long distance with a phone call,” said Jim Courter, IDT’s CEO. “Setting a calling record on a holiday is great. But more important is that IDT continues to grow and provide affordable telecommunications services to people around the globe.”

Whether using calling cards, Long Distance service or Local phone service, more consumers than ever before are selecting IDT as their phone company. From January 2004 to April 2004, retail minutes of use increased by 13% over the same period in 2003 and wholesale minutes increased by 21%.

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. IDT Media is the IDT subsidiary 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 in which 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 are used. 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 Tempe, AZ – May 12, 2004 –IDT Entertainment and Todd McFarlane Productions (TMP) today jointly announced a multi-faceted development, production, and distribution agreement to produce animated programming and merchandise based on Spawn and other TMP original intellectual properties. Todd McFarlane Productions is best known for its multiple Emmy-winning Spawn franchise. IDT Entertainment is a vertically integrated entertainment/animation company. The company includes animation and film production through DPS/Film Roman, Mainframe Entertainment, and DKP Effects, and video distribution through Anchor Bay Entertainment. IDT Entertainment is a subsidiary of IDT Corporation (NYSE:IDT, IDT.C.), a multinational carrier, telephone and technology company.

According to the terms of the agreement, the initial project is the return of “Todd McFarlane’s Spawn: The Animated Series.” Spawn is the story of a highly decorated U.S soldier, brutally executed by his own men. Reborn as a creature from hell, he fights a constant battle between the forces of good and evil. The first Spawn series aired on HBO from 1997 through 1999 and won two Emmy awards. Spawn, one of the world’s best-selling comic books with hundreds of millions sold worldwide, has also been the subject of a live action feature film released in 1997. Distributed by New Line Cinema, the movie version of Spawn has grossed over $100 million internationally.

“This agreement is better than Marvelous,” said Jim Courter, IDT’s CEO. “Worldwide, the demand for a new Spawn series continues to grow. The first series broke new creative ground for an animated series and was its generation’s most popular comic franchise. With IDT Entertainment as the animation partner the new series will be even better.”

Grammy- and Emmy-winning Producer/Director Todd McFarlane will oversee all aspects of development and production, as executive producer. Terence Fitzgerald, senior vice president of creative development of Todd McFarlane Productions, will serve as co-executive producer, and Sidney Clifton, senior vice president and head of programming and development for DPS Film Roman, will lead the creative development team on the IDT Entertainment side. DPS Film Roman is the IDT Entertainment company known for its award-winning production work on “The Simpsons,” “King of the Hill,” and other popular broadcast television programs.

“Ever since the Spawn animated series left HBO in 1999, I have been asked — almost daily — when the show is going to return,” said Todd McFarlane, Spawn creator and CEO of the McFarlane Companies. “I’ve been waiting for the right opportunity to not only bring the show back, but also do it with the intent of making it better creatively than its first incarnation. Teaming up with IDT Entertainment’s DPS/Film Roman will allow us to take it to the next level of animation technology.”

According to the agreement, in addition to Spawn, Todd McFarlane will create two additional animated properties. All three projects include animated broadcast television series, DVDs, feature films, video games, apparel and action figures, as well as other consumer products. McFarlane Toys, one of the world’s premier toy manufacturers, is currently on its 25th figure line for Spawn action figures and merchandise.

“The long awaited new Spawn series provides the perfect opportunity to match Todd McFarlane’s legendary creative genius with IDT Entertainment’s innovative animation expertise,” said Morris Berger, CEO of IDT Entertainment. “Spawn will mark the start of a long term relationship. Together, IDT Entertainment and Todd McFarlane can revolutionize comic animation and develop franchise properties of enduring value.”

The McFarlane Group of companies produces award winning animated television, feature films, and music videos. Past projects include Pearl Jam’s animated music video Do the Evolution, Korn’s mini-movie-style video for Freak on a Leash, Jodie Foster’s critically acclaimed The Dangerous Lives of the Altar Boys. Animation and live-action projects under the production of McFarlane and Fitzgerald have won a Grammy, two Emmys, two MTV Music Awards, and a Much Music Video Music Award. A leader in publishing and entertainment, The McFarlane Group owns the rights and trademarks to more than 250 intellectual properties and characters. The company is the fifth largest U.S. action figure manufacturer, featuring Spawn, Elvis, The Matrix, Ozzy Osbourne, NASCAR drivers, Beatles, KISS, Alien Vs. Predator, plus officially licensed football, baseball, basketball and hockey action figures. More information at Spawn.com

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:

·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.
·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.
·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 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.

Newark, N.J., May 6, 2004 – IDT Entertainment today announced that it has acquired a minority equity interest in POW! Entertainment LLC, headed by comic book legend Stan Lee. In addition, IDT Entertainment has acquired exclusive distribution rights for all POW! Entertainment animated DVD properties. The companies also announced they will co-produce and co-develop a minimum of six animation projects for Direct-to-DVD distribution and broadcast. Stan Lee, Chief Creative Officer of POW! Entertainment, is well known as the co-creator of Spider-Man, The Hulk, The Fantastic Four, X-Men, Daredevil and other famous comic book superhero characters. IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company.

“Evil doers beware, here comes the next generation of superheroes,” said Jim Courter, IDT’s CEO. “This new venture linking IDT Entertainment with the legendary Stan Lee will create new classic characters for today’s generation that will rival the popularity of his original comic book creations.”

According to the terms of the agreement Stan Lee will create original characters for six new animated productions in a series entitled, “Stan Lee Presents.” Initial plans have identified direct-to-video and broadcast as potential distribution channels.

“IDT Entertainment is bringing the creative genius of Stan Lee into homes worldwide,” said Morris Berger, CEO of IDT Entertainment. “Now for the first time, Stan will have the power of IDT Entertainment’s Global Animation Studio at his disposal and guaranteed distribution to his core audience through our subsidiary Anchor Bay. These new properties will be perfect additions to Anchor Bay’s compelling catalog of DVD titles.”

Stan Lee is the inventor of the modern comic superhero. A prolific author, Lee revolutionized the comic book industry by creating compelling characters who, despite extraordinary powers and talents, are none the less plagued by the same doubts and difficulties experienced by ordinary people. Some of his most enduring characters, like Spider-Man, The Hulk and X-Men, have been spun off into television programs and feature films that have grossed hundreds of millions of dollars at the box office.

“This joint venture with IDT Entertainment is a creative dream come true,” said Stan Lee, Chief Creative Officer of POW! Entertainment. “I feel like a kid in a candy store. I can’t wait to see how IDT Entertainment transforms my new characters and stories into spectacular 3-D animated form.”

In March 2003, Digital Production Solutions (DPS), now a unit of IDT Entertainment, acquired rights to Starpoint Academy and Char, both Gene Roddenberry creations. Starpoint Academy is presently in production. In May 2003, IDT Entertainment acquired a controlling interest in Film Roman, Inc., the animation company well known for its production work on The Simpsons, King of the Hill, and other popular broadcast television programs. In July 2003, IDT Entertainment acquired a minority equity interest in Vanguard Animation, LLC. Under the terms of the Vanguard Animation investment, IDT Entertainment was granted a first look right to provide production services on future Vanguard Animation projects. IDT and Vanguard Animation also entered into a joint venture agreement to jointly develop, produce, finance and arrange distribution of computer generated (CG) animation entertainment. In December 2003, IDT Entertainment acquired a controlling interest in Mainframe Entertainment Inc., a Vancouver, Canada based entertainment company well known for producing CG animation for films, television, videogames and the direct-to-consumer market. In December 2003, IDT Entertainment acquired Anchor Bay Entertainment Group from Handleman Company.

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. IDT Media is the IDT subsidiary 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 in which 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 22, 2004 – IDT Corporation today announced plans to deploy the first commercial WiFi phone service in the US. IDT’s WiFi phone service will allow users to bypass local phone companies and make domestic and international phone calls via a wireless connection to the internet. IDT plans to initially roll out the WiFi service in select areas of the Ironbound section of Newark, New Jersey. This initial deployment will provide research to help IDT develop the new service as it is rolled out in other areas. The new phone service will utilize Net2Phone’s innovative Voice Over Internet Protocol (VoIP) platform. IDT Corporation (NYSE: IDT, IDT. C), is a multinational carrier, telephone and technology company. In its April 5th issue, Fortune magazine placed IDT 746th in its ranking of America’s top 1000 companies. Based upon results from last quarter IDT has an annualized revenue rate of more than $2 billion.

“IDT is opening up the next frontier in telecommunications,” said Howard Jonas, Chairman of IDT Corp. “By combining WiFi wireless technology with IDT’s global telecommunications network and retail distribution, Net2Phone’s VoIP platform and the fixed wireless infrastructure of IDT Business Services (Winstar), IDT is providing residential consumers with a more affordable and flexible phone service.”

WiFi phone customers will not need their own expensive broadband connection to access the service. IDT will provide wide area WiFi coverage in the targeted neighborhoods. Calls will be routed via Net2Phone’s VoIP platform, and terminated by IDT’s worldwide telecommunications network and infrastructure. IDT Business Services’ (Winstar) fixed wireless network will provide backhaul services for the traffic. IDT is currently deploying its initial network and expects to begin service in Newark within 30-60 days.

“While many are still talking about WiFi phone service, IDT is making it a reality,” said Jim Courter, IDT’s CEO. “IDT is bringing the first commercial WiFi phone service into the marketplace. Not only have we found a profitable application for WiFi, but we’re creating a new industry within telecommunications that can provide basic phone service for a fraction of the cost of traditional phone service.”

IDT’s network is being designed to be compatible with advances in wireless technology. IDT’s WiFi customers will benefit from a seamless transition to WiMax service as that technology matures and becomes more widespread.

“Net2Phone pioneered VoIP,” said Stephen Greenberg, CEO of Net2Phone. “Now, together with IDT, we are launching the next generation in telecom. With IDT’s reach and infrastructure expertise and Net2Phone’s innovative VoIP platform, we are well positioned to ride the burgeoning WiFi network explosion to offer consumers and businesses affordable telephony services.”
“Companies like IDT have led the renaissance of Newark,” said the Honorable Sharpe James, Mayor of the City of Newark. “Believe it or not, there are still people in America who cannot afford basic home phone service. Now IDT is using its technology to bridge the “telecommunications divide.” Because of IDT, Newark becomes the first city in America where affordable WiFi phone service will be commercially available.”

About IDT
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 calling cards. In the US alone IDT sells more than 20 million calling cards a month in over 250,000 retail locations nationwide. 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 Media is the IDT subsidiary 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 Business Services brand, is the IDT subsidiary focused on providing broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure.

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, a subsidiary of IDT Corporation, is the only provider of PacketCable, SIP and wireless VoIP solutions in 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 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. Traded on the NASDAQ under the symbol NTOP, Net2Phone’s strategic partners and investors include Liberty Media Corporation (NYSE: L; LMC.B) and IDT Corporation (NYSE: IDT; IDT.C). For more information about Net2Phone’s products and services, please visit www.net2phone.com.

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which 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 are used. 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 19, 2004 – IDT Media today announced that Jose Diaz-Balart, co-anchor of both WTVJ’s (NBC 6) news at 5:30 pm in Miami and Telemundo’s national morning new program “Hoy En El Mundo,” will host JD Balart’s American Radio Journal, a daily talk show on the Liberty Broadcasting Network. IDT Media is a division of IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company.

Mr. Diaz-Balart’s American Radio Journal will cover a wide range of topics from politics, news and international relations to popular entertainment and culture. Guests will include notable Washington, D.C. insiders and today’s top newsmakers. The show’s format is designed to encourage lively discussion. Listeners will be welcome to call in and exchange views with JD and his guests. JD Balart’s American Radio Journal will be broadcast live Monday-Friday from 12:00 noon to 2:00pm ET and will be available for rebroadcast 5:00pm-7:00pm ET.

“War correspondent, political reporter, TV anchorman: JD Balart is an accomplished journalist with global experience,” said Jim Courter, IDT’s CEO. “By adding his voice to our programming lineup, Liberty Broadcasting elevates the national discourse on politics, policy and breaking news.”

Mr. Diaz-Balart began his career as a journalist as the Florida broadcast editor for UPI in Miami. He is a veteran broadcaster who has covered conflicts and news stories in the United States, Bosnia, Spain, the Soviet Union, Panama and Nicaragua. Mr. Diaz-Balart has served as the Washington, D.C. bureau chief for the Telemundo Broadcast Network and as its European bureau chief in Madrid, Spain. While at WTVJ-TV in Miami, where he co-anchored the 12:00pm and 5:30pm broadcasts, he was awarded two Emmys for reports on a disputed election in Panama and protests in South Florida about U.S. Haitian policy. In 1992 he was one of a group of reporters who received Dupont and Peabody awards for their coverage of Hurricane Andrew. Hispanic Media Magazine has named JD Balart a leading journalist for 3 years in a row.

“JD Balart’s American Radio Journal has all the ingredients of a ratings and syndication leader,” said Jerrold Rapaport, CEO of Liberty Broadcasting Network. “As an objective journalist, JD knows how to go behind the headlines and get to the heart of a story. As a broadcaster, he knows how to deliver a story with passion, energy and humor in a way that makes people sit up and take notice.”

Mr. Diaz-Balart joins Liberty Broadcasting Network’s outstanding programming lineup which includes recent additions, The Linda Chavez Show and The Daily Agenda with William Kristol, as well as other outstanding programs such as: News You Care About, Second Thoughts and American Spirit with Mort Crim, The Bruce Williams Show, For The People with Chuck Harder, Ask Heloise and Hints from Heloise, The Geoff Metcalf Show, Doug Stephan’s Good Day, and Doug Stephan’s Talk Radio Countdown, The Lowell Ponte Show, Money Matters with Barry Armstrong and The Movie Show on Radio with Max Weiss and Mike Mayo.

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. IDT Media is the IDT subsidiary 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 in which 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 are used. 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.