Newark, N.J., October 22, 2003 – IDT Corporation (NYSE: IDT, IDT.C) today announced the launch of IDT Global Access, a service that allows all U.S. based cell phone users to make low cost international calls with rates up to 80% less than those charged by cellular providers.

“We’ve given cell phone users the world,” said Howard Jonas, IDT’s Founder and Chairman. “Cell phones revolutionized the way business is done. Now we’ve revolutionized cell phone service. IDT Global Access lets more than 140 million U.S. cell phone users call just about anywhere in the world at IDT’s famous low rates.”

IDT Global Access provides international access from any cell phone regardless of wireless plan. There’s no need to change phones, service providers or service plans. Customers can sign up online at www.idtglobalaccess.com or by calling 1-866-444-9799. The service is also available to retail distributors through IDT’s Private Label division.

“Only a fraction of all international long distance calls originating in the U.S. are made from cellular phones. IDT Global Access will change that,” said Jim Courter, IDT’s CEO. “Convenient and cost effective, IDT Global Access is a cell phone service upgrade that lowers rates. For the business community this means more versatile communications and improved productivity. For IDT it means access to the growing wireless market.

IDT Global Access provides international rates lower than those charged by many long distance companies for traditional landline phone service. For example: the IDT Global Access rate to the UK and Germany is only 6¢ per minute and to Japan 7¢ per minute. No monthly fees or other extra charges are added to the cost of the call.

Once an account is activated, customers simply dial the toll-free access number, or enter it into their speed dial, then enter their destination number. IDT Global Access is not restricted to just cell phones; customers can make IDT Global Access calls from their home phones as well.

IDT Corporation, through its IDT Telecom, Inc. subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its 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 telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5% of IDT Telecom, respectively. Liberty Media Corporation also owns a 5.6% stake in IDT Media. IDT Media, Inc. is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media. Winstar Holdings, LLC is the IDT subsidiary through which we provide broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. In December 2002, we announced that the services offered by Winstar would begin to be offered under the name “IDT Solutions.” Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services, either directly or via a partner.

IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use 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 our 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 our 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. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Newark, N.J., October 21, 2003 – IDT Media today announced that its animation unit, Digital Production Solutions (DPS), has entered into a production services agreement with BAF Berlin Animation Film, a film production company headquartered in Berlin, Germany. According to the terms of the agreement DPS will act as the single source animation company for Happily N’Ever After, a feature length 3-D Computer Graphic (CG) animated motion picture. Work will begin immediately. IDT Media is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company.

Happily N’Ever After, a humorous action/adventure reinterpretation of classic Grimm Brothers Fairy Tales, is intended for all audiences. The 3-D CG feature, which will utilize DPS’ Global Animation Studio, its worldwide network of satellite animation facilities, is scheduled for theatrical release in late 2004. The film’s voice talents include Sigourney Weaver, Sarah Michelle Gellar, Freddie Prinze Jr., George Carlin, Andy Dick, Wallace Shawn and Patrick Warburton. Paul Bolger will direct from an original script by Robert Moreland. Rainer Soehnlein is executive producer, Shrek 1 & 2 producer and Vanguard Films principal John H. Williams will produce. Michael Algar is the line producer.

“You don’t need a magic mirror to see that Digital Production Solutions is one good looking entertainment company,” said Jim Courter, IDT’s CEO. “Packed with talent, technology and guided by a clear business strategy, DPS is now a global animation leader. Happily N’Ever After is just one of many projects in production including numerous television series and direct-to-DVD programs.”

Happily N’Ever After tells the story of the world of fairy tales turned upside down. When the scales of good and evil tip towards the evil side, Cinderella, The Prince, The Seven Dwarfs, and assorted Fairy Godmothers battle the forces of fairy tale evil, led by Frieda, the Empress of Evil, to bring it back in balance.

“This agreement confirms that our partnership with John H. Williams and Neil Braun of Vanguard Films is working,” said Morris Berger, President of DPS. “With A-list talent, script, director and producers, Happily N’Ever After is the perfect vehicle to showcase DPS’ animation capabilities.”
As part of the agreement, DPS will perform animation services on the film including, modeling, rigging, texturing, color, location construction, 3-D workbook, lighting, effects, rendering and compositing.

“DPS’ participation was essential to making this project happen as a Computer Graphic animated film,” said John H. Williams, President of Vanguard Films. “DPS’ unique global network allows it to deliver high quality Computer Graphic animation work at lower costs than any other CG production entity.”

In March, 2003 DPS acquired rights to Starpoint Academy and Char, both Gene Roddenberry creations. Starpoint Academy in presently in production. In May 2003, DPS acquired a controlling interest in Film Roman, 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, DPS entered into a partnership agreement with Vanguard Animation to co-produce and co-own all Vanguard properties. Vanguard has a deal in place with Disney to complete 4 CG features. The first film, Valiant is presently in production. Recently, IDT Media announced it has a binding letter of intent to acquire a controlling interest in Mainframe Entertainment.

IDT Corporation, through its IDT Telecom, Inc. subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its 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 telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5% of IDT Telecom, respectively. Liberty Media Corporation also owns a 5.6% stake in IDT Media. IDT Media, Inc. is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media. Winstar Holdings, LLC is the IDT subsidiary through which we provide broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. In December 2002, we announced that the services offered by Winstar would begin to be offered under the name “IDT Solutions.” Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services, either directly or via a partner.

IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use 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 our 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 our 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. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Conference Call Scheduled for 4:45 pm (EDT)
NEWARK, N.J. – October 16, 2003 – Please join us for the IDT Corp. (NYSE: IDT and IDT.C) fourth quarter and year end conference call when we report results for the period ended July 31, 2003, along with an update of our current financial status.

Our conference call is scheduled for Thursday, October 23, at 4:45 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 #4245584 for domestic callers, or 1-973-341-3080 — passcode #4245584 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., September, 24, 2003 – The IDT Corporation (NYSE: IDT, IDT.C) today announced the launch of “IDT America Unlimited,” a new flat rate calling plan combining local, regional toll and long distance service, plus popular calling features. The new phone plan is being rolled out immediately in New York, New Jersey, Maryland and Pennsylvania with availability in other states to follow. IDT Corporation is a multinational carrier, telephone and technology company.

“This is nothing less than the start of another telecom revolution,” said Howard Jonas, Chairman and Founder of IDT. “America is about choices. Now consumers can choose IDT and declare their independence from the local phone carrier monopoly. Those who switch to ‘IDT America Unlimited’ will make high phone rates a thing of the past.”

“IDT America Unlimited” is available immediately to consumers in New York, New Jersey, Maryland and Pennsylvania. The new service includes unlimited local, regional toll and long distance calling with Caller ID, Speed Dial, Call Waiting and 3-way Calling, and the convenience of one monthly bill for $39.95 a month. IDT is also launching “IDT America Choice.” This plan provides unlimited local service with Caller ID and Call Waiting for $28.95 per month with IDT Long Distance included at just 5 cents a minute (available in most areas) with no additional fee. With either plan, IDT’s aggressive WorldSaver international rate plan can be added on for an additional $2 per month. IDT’s popular five cents a minute long distance service continues to be available nationwide.

“High quality, low cost telecommunications services are IDT’s trademark,” said Jim Courter, IDT’s CEO. “Now, in addition to low rates, consumers can get local, regional, long distance and international calling, plus the convenience of just one phone bill, all from IDT.”

Customers who sign up for the new services can expect to enjoy the same quality, reliability and customer service they’ve come to expect from IDT with the added benefit of a single point of contact for all their residential calling needs. Switching to IDT is easy with no interruption in phone service. Last year in an independent survey comparing long distance carriers that was reported by the Wall Street Journal, IDT received the best rating compared to AT&T, MCI, Sprint and Verizon.

“With ‘IDT America Unlimited,’ IDT takes the lead in unlimited, all inclusive calling plans,” said Motti Lichtenstein, CEO of IDT Telecom. “We intend to use our price advantage to build market share as we roll out ‘America Unlimited’ to consumers in additional states.”

IDT Corporation, through its IDT Telecom, Inc. subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its 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 telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5% of IDT Telecom, respectively. Liberty Media Corporation also owns a 5.6% stake in IDT Media. IDT Media, Inc. is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media. Winstar Holdings, LLC is the IDT subsidiary through which we provide broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. In December 2002, we announced that the services offered by Winstar would begin to be offered under the name “IDT Solutions.” Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services, either directly or via a partner.

IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use 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 our 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 our 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. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Newark, N.J., September 16, 2003 – IDT Media today announced that its animation unit, Digital Production Solutions (DPS), has signed a binding Letter of Intent to acquire a controlling interest in Mainframe Entertainment, Inc. (TSX. MFE), a leading creator of computer animation for TV and direct-to-video products. IDT Media is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company.

DPS’ acquisition of a controlling interest in Mainframe is subject to both parties meeting certain conditions of closing, including a restructuring of Mainframe’s existing debt, and Mainframe’s required shareholder and regulatory approval.

Mainframe Entertainment, Inc., one of the world’s leading producers of computer animation, has partnered with Hasbro, Mattel and Sony to create TV series based on characters and brands including Barbie, Hot Wheels and Spider-Man. Its programming has aired on The Cartoon Network, ABC, and FOX networks in the U.S., and YTV and CBC in Canada. Recently, the company completed a direct-to-video CG feature “Barbie as Rapunzel” and announced that Buena Vista International has acquired Disney Channel’s broadcast rights to Mainframe’s Computer Generated (CG) animated special “Scary Godmother Halloween Spooktakular.”

“This acquisition is a vital part of IDT’s long term growth strategy,” said Jim Courter, IDT’s CEO. “Mainframe Entertainment will provide DPS with additional programming, new distribution channels and increased revenue.”

Mainframe Entertainment, Inc., which is headquartered in Vancouver, British Columbia and maintains offices in Los Angeles, California, offers creative and production services (special effects, modeling, motion capture), as well as product licensing and merchandising for third parties. Since its inception in 1993, Mainframe has produced over 240 half hours of computer animation.

“Acquiring Mainframe makes DPS bigger and better,” said Morris Berger, President of DPS. “It provides us with another animation hub located in Canada to add to our existing international network. We enhance our ability to develop, produce and merchandise animated programming for distribution worldwide, and we gain an experienced partner with an impressive record for putting programming on the air.”

“Becoming a part of DPS is a perfect fit for Mainframe Entertainment,” said Rick Mischel, Mainframe’s CEO. “With DPS’ innovative Global Animation Studio streamlining our production process and maximizing our productivity we can better execute our plan of developing and exploiting the best in proprietary properties while maintaining the highest level of CGI animation for our own properties and our clients.”

In May 2003, DPS announced it has acquired a controlling interest in Film Roman, the animation company well known for its production work on “The Simpsons,” “King of the Hill,” and other well known broadcast television programs. In July 2003, DPS announced that it entered into a partnership agreement with Vanguard Animation to co-produce and co-own all Vanguard properties including feature film releases, direct-to-DVD and broadcast.

In March of this year, DPS acquired rights to never-before-seen projects created by Gene Roddenberry. “Gene Roddenberry’s Starpoint Academy” and “Gene Roddenberry’s Char,” are the first original properties acquired by DPS. DPS is currently working on a co-production with Jim Jinkins and David Campbell of Cartoon Pizza, the creators of Doug, Stanley and PB&J Otter.

IDT Corporation, through its IDT Telecom, Inc. subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its 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 telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5% of IDT Telecom, respectively. Liberty Media Corporation also owns a 5.6% stake in IDT Media. IDT Media, Inc. is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media. Winstar Holdings, LLC is the IDT subsidiary through which we provide broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. In December 2002, we announced that the services offered by Winstar would begin to be offered under the name “IDT Solutions.” Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services, either directly or via a partner.

IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use 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 our 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 our 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. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Newark, N.J., September 5, 2003 — IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company, today announced that it has been selected as the exclusive calling card provider for Community Distributors Inc.’s Drug Fair and Cost Cutters stores. Community Distributors has 52 retail stores located throughout New Jersey.

“Very quickly IDT has become a leader in point-of-sale calling card sales,” said Jim Courter, IDT’s CEO. “’Point-of-sale,’ calling cards activated at the register, are a multi-billion dollar business. With this agreement, Community Distributors joins a growing list of value conscious retail chains that have chosen IDT as their point-of-sale calling card provider.”

This agreement with Community Distributors Inc. marks the first time an IDT branded point-of-sale calling card will be sold at retail. The cards have both domestic and international capability and are offered with and without a connection fee. Consumers can choose from a $5 or $10 card or cards with a face value of 40 or 80 minutes. The cards are now available in all Drug Fair and Cost Cutters stores.

“This agreement provides us with a new product; a generic IDT, point-of-sale calling card,” said Motti Lichtenstein, CEO of IDT Telecom. “We intend to aggressively market this product and believe it will play an important role in the growth of our point-of-sale cards to mid-sized retail chains.”

The cards will be displayed on register racks in Drug Fair and Cost Cutters stores. Marketing plans include ads in Drug Fair circulars and coupon books.

“Quality and value are the benchmarks we use to evaluate the products we sell,” said Michael Quinn, Community Distributors’ Executive Vice President for Merchandising. “The new calling cards from IDT meet our standards and the expectations of our customers.”

IDT Corporation, through its IDT Telecom, Inc. subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its 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 telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5% of IDT Telecom, respectively. Liberty Media Corporation also owns a 5.6% stake in IDT Media. IDT Media, Inc. is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media. Winstar Holdings, LLC is the IDT subsidiary through which we provide broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. In December 2002, we announced that the services offered by Winstar would begin to be offered under the name “IDT Solutions.” Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services, either directly or via a partner.

IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use 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 our 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 our 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. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Florham Park, NJ – Building upon its expertise in bringing to market innovative, flexible voice and data services, Global Crossing announced today that it has entered into a marketing partnership with IDT Solutions, marketing arm of Winstar Communications, L.L.C.®, to provide enterprises with a leading-edge business continuity services bundle that leverages Global Crossing’s high-performance data communications services and IDT Solutions’ wireless local access services. IDT Solutions is a division of IDT Corporation (NYSE: IDT, IDT.C).

The partnership brings together industry leading data services such as Global Crossing IP VPN Service and Winstar’s fixed wireless network that offers true end-to-end diversity in the event of network outage or service interruption. Typical business continuity planning includes data diversity planning between two or more carriers. Problems, however, can still occur if multiple carriers share common interface points, making enterprises equally vulnerable to the same potential disaster.

“Achieving true end-to-end business continuity with fixed wireless connectivity is innovation at its best,” said Global Crossing CEO John Legere. “This provides our customers with a truly reliable, cost-efficient backup connectivity solution and customer service not found elsewhere in the industry.”

The bundle will be offered by Global Crossing and powered by Winstar’s fixed wireless solution. The offer will be available in 22 cities nationwide, with initial service availability in Chicago, New York, Philadelphia and Dallas.

“This marketing partnership is just another example of our expanding commercial relationship with Global Crossing,” said Jim Courter, vice chairman and CEO of IDT. “Global Crossing continues to be a top-notch service provider to IDT. This agreement strengthens our commitment to Global Crossing and our belief in their ability to deliver services that are needed by business customers.”

IDT Solutions’ services are delivered over one of the country’s largest and most reliable broadband communications networks. This high-capacity broadband network uses the 38 GHz, 28 GHz and other portions of the radio spectrum to reach customers directly in major markets nationwide. Fixed wireless services provide fiber-quality transmissions at speeds up to OC-3 — enough capacity to transmit the entire Library of Congress card catalog in just 20 seconds.

Global Crossing’s business continuity solutions are comprised of innovative voice and data services such as diversity, avoidance, and customer specified routing (DACSR) for circuit and route redundancy. DACSR is a private line service that allows customers to deploy redundant private line connectivity or specify routing paths on circuit connections. Enterprises can also use Global Crossing IP VPN Service for data backup or carrier diverse enterprise voice services solutions.

“The key to a robust business continuity solution is to provide true end-to-end diversity by incorporating the right technology to minimize or eliminate network vulnerability” said Brian Finkelstein, CEO of Winstar Communications, L.L.C. “This offer provides a highly reliable diverse local route in the form of fixed wireless broadband.”

All of Global Crossing’s voice and data services are delivered via its worldwide IP network, which provides connectivity to 200 cities in more than 27 countries. Global Crossing’s Tier 1 IP backbone leverages a single autonomous system (AS) number with MPLS traffic engineering to deliver the minimum number of hops, for the fastest transmission speeds worldwide.

IDT Corporation, through its IDT Telecom, Inc. subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its 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 telephony and prepaid calling cards.

ABOUT IDT SOLUTIONS

Winstar Communications, L.L.C. is a facilities-based, national carrier offering voice, data, Internet and private line telecommunications services to retail, wholesale and government customers nationally.

IDT Solutions services are provided over a unique hybrid fiber and wireless network that delivers connectivity to thousands of buildings throughout major U.S. markets serving businesses and government agencies. IDT Solutions’ network services feature proven technology, reliability, diversity and security. The US government has approved using the same network to support its Critical Infrastructure Protection and Homeland Defense initiatives.

Winstar is a Registered Trademark of Winstar Communications, L.L.C. Wireless Fiber is a Registered Sales Mark of Winstar Communications, L.L.C.

ABOUT GLOBAL CROSSING

Global Crossing provides telecommunications solutions over the world’s first integrated global IP-based network, which reaches 27 countries and more than 200 major cities around the globe. Global Crossing serves many of the world’s largest corporations, providing a full range of managed data and voice products and services.

On January 28, 2002, Global Crossing Ltd. and certain of its subsidiaries (excluding Asia Global Crossing and its subsidiaries) commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York (Bankruptcy Court) and coordinated proceedings in the Supreme Court of Bermuda (Bermuda Court). On the same date, the Bermuda Court granted an order appointing joint provisional liquidators with the power to oversee the continuation and reorganization of the Bermuda-incorporated companies’ businesses under the control of their boards of directors and under the supervision of the Bankruptcy Court and the Bermuda Court. Additional Global Crossing subsidiaries commenced Chapter 11 cases on April 23, August 4 and August 30, 2002, with the Bermuda incorporated subsidiaries filing coordinated insolvency proceedings in the Bermuda Court. The administration of all the cases filed subsequent to Global Crossing’s initial filing on January 28, 2002 has been consolidated with that of the cases commenced on January 28, 2002. Global Crossing’s Plan of Reorganization, which was confirmed by the Bankruptcy Court on December 26, 2002, does not include a capital structure in which existing common or preferred equity will retain any value.

Newark, N.J. July 22, 2003 – IDT Media’s animation unit, Digital Production Solutions (DPS), today announced that it has entered into a partnership agreement with Vanguard Animation to co-produce and co-own all Vanguard properties including feature film releases, direct-to-DVD and broadcast. IDT Media is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company.

“Digital Production Solutions’ strategy of building a library of impressive content is in high gear,” said Jim Courter, IDT’s CEO. “DPS now has credibility in the television industry through our new venture DPS-Film Roman, and we will find the same in feature film releases with this partnership with Vanguard. We have built credible studios for multi-platform releases.”

“We’re excited to be working with Vanguard, a company headed up by management associated with so many important and groundbreaking films,” said Morris Berger, President of DPS. “Vanguard and DPS complement each other. Vanguard is an entertainment industry powerhouse and DPS is continuing to build its intellectual property using innovative technology. Together, we intend to pursue animation projects with broad entertainment appeal.”

DPS will work with John H. Williams, CEO of Vanguard Animation and Neil Braun, President. In addition to being a producer with the blockbuster film Shrek, John Williams’ credits include Seven Years in Tibet and the live-action film The Tuxedo. Neil Braun has held numerous senior positions within the media and entertainment industry, including President of the NBC Television Network, Chairman and CEO of Viacom Entertainment, President of Imagine Entertainment, and Senior Vice President of HBO.

“Our deal with Digital Production Solutions has dramatically upped our production capital base, and we believe our combined creative and technical expertise promises to make Vanguard a significant player in the computer graphic (CG) animation business,” said John Williams, CEO of Vanguard Animation.

“Vanguard is built upon the creativity of John Williams, a disciplined approach to computer graphic production and the most efficient production financing in the business,” said Neil Braun, President of Vanguard Animation. “Together with IDT Media’s Digital Production Solutions, we are building the animation paradigm of the future.”

Vanguard Films was founded in 1985 by John Williams. Vanguard Animation opened in 2002 and was founded by John Williams and Neil Braun. Vanguard Films has had a first look deal with DreamWorks for the past eight years. Their films have included Seven Years in Tibet and The Tuxedo. Vanguard has upcoming productions of Toad Trip with DreamWorks, Roald Dahl’s The Twits, adapted by John Cleese for Disney, and three films with Nickelodeon/Paramount, Alien Pet, Ted and Gateway to the Gods.

John Williams was the originating producer of Shrek and is also a producer for Shrek 2. Vanguard concluded a four-picture CG animation deal with Disney recently, with Valiant being the first film of that slate. Vanguard won the “Best Pilot of a Series” Award at the 2001 World Animation Celebration in Los Angeles for a five-minute short film, Thunderpig, which Vanguard and Loose Moose Productions, a London stop-motion company, produced for Nickelodeon. Vanguard also produced a CG animation short called Frank Was a Monster Who Wanted to Dance, which became the Silver World Medal winner at the New York 2001 Festival of Film and Video. Vanguard has developed animation projects with Disney, Warner Brothers, Sony and Nickelodeon.

DPS through its subsidiaries DPS Films and DPS Film Roman is currently in production of two theatrical 3D computer graphic animation productions, including, Gene Roddenberry’s Starpoint Academy, as well as other projects for direct to DVD and broadcast including, The Simpsons, King of the Hill, Xmen, Jim Jinkins’ Monster Monster Trucks and Cabbage Patch Kids.

IDT Corporation, through its IDT Telecom, Inc. subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its 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 telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5% of IDT Telecom, respectively. Liberty Media Corporation also owns a 5.6% stake in IDT Media. IDT Media, Inc. is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media. Winstar Holdings, LLC is the IDT subsidiary through which we provide broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. In December 2002, we announced that the services offered by Winstar would begin to be offered under the name “IDT Solutions.” Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services, either directly or via a partner.

IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use 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 our 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 our 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. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

NEWARK, N.J. — July 21, 2003 —IDT Corporation (NYSE: IDT, IDT.C) today announced that it plans to file with the Securities and Exchange Commission (“SEC”) an amendment to its Annual Report on Form 10-K for the fiscal year ended July 31, 2002 (“Fiscal 2002”) to revise the financial statements and other financial information included therein to consolidate the results of Net2Phone, Inc. (NASDAQ: NTOP) for the period beginning on October 23, 2001 through July 31, 2002. The Company will also file with the SEC amendments to its Quarterly Reports on Form 10-Q for the fiscal year ending July 31, 2003 (“Fiscal 2003”) to revise the Fiscal 2002 comparative information contained therein accordingly.

Until these revisions, the Company has accounted for its investment in Net2Phone during Fiscal 2002 using the equity method. The change in accounting for IDT’s investment in Net2Phone from the equity method to consolidation does not change the Company’s Net Loss or Loss Per Share for any previously reported period. The Company had previously begun consolidating Net2Phone’s results in its financial statements effective August 1, 2002.

The decision to amend these filings was made by the Company in the context of resolving the comments made by the staff of the SEC during its ordinary course review of the Company’s SEC filings. During the review process, the SEC staff had questioned the Company’s decision to continue using the equity method of accounting rather than consolidation to account for its interest in Net2Phone for the period beginning on October 23, 2001 through the end of Fiscal 2002.

As fully disclosed in the Company’s Fiscal 2002 Form 10-K and Fiscal 2003 Form 10-Q filings, on October 23, 2001, the Company and AT&T Corporation each contributed their minority stakes in Net2Phone into a newly formed limited liability company (the “LLC”), which was owned by the Company, AT&T and Liberty Media Corporation. After these contributions, the LLC held a majority voting stake in Net2Phone. Under the terms of the LLC’s operating agreement, the Company was granted the right to vote the LLC’s stake in Net2Phone. As a result, the Company effectively controlled the voting power of Net2Phone. However, the LLC’s operating agreement also granted each owner of the LLC the unilateral right, effective January 1, 2004, to cause the immediate liquidation of the LLC. Accordingly, the Company’s ability to control the voting power of Net2Phone would immediately terminate on January 1, 2004, the effective date of the liquidation rights.

Under the accounting rules that existed at the time of the formation of the LLC, an entity was prohibited from consolidating a controlled subsidiary if that control was likely to be temporary. Therefore, the Company believed that it should not consolidate Net2Phone during the approximately 26-month period (i.e., October 23, 2001 through December 31, 2003) that it would control Net2Phone (the “Control Period”), as the length of this period rendered its control temporary. Instead, the Company continued to account for its investment in Net2Phone through the end of Fiscal 2002 using the equity method.

In commenting on the Company’s SEC filings, and in subsequent conversations with the Company, members of the SEC staff contended that, although they were unaware of any clear accounting guidance as to the definition of “temporary” control, the Control Period of approximately 26 months was too long to render the Company’s control temporary. Accordingly, the staff believed that Net2Phone’s results should have been consolidated during the period from October 23, 2001 through the end of Fiscal 2002. Therefore, the Company is revising its results of that fiscal year to consolidate the results of Net2Phone for that period.

As of July 31, 2002, the Company’s effective economic interest in Net2Phone (through the LLC) was 19.2%. Accordingly, through the revised consolidation of the results of operations of Net2Phone for Fiscal 2002, the Company will record in minority interests the 80.8% of Net2Phone’s results attributable to the other shareholders of Net2Phone.

The Company had previously begun consolidating Net2Phone’s results in its financial statements effective August 1, 2002, when it adopted the new accounting rules that eliminated the prohibition from consolidation for a controlled subsidiary for which control is likely to be temporary.

Please see attached document for financial charts.

Newark, N.J. June 24, 2003 – Talk America Radio Networks is pleased to announce the addition of “The Movie Show On Radio” to its programming lineup. Talk America Radio Network is a division of IDT Media, a subsidiary of IDT Corporation (NYSE:IDT, IDT.C), a multinational carrier, telephone and technology company.

“The Movie Show On Radio” is the only syndicated weekend call-in talk show dedicated to the discussion of movies and videos. The program is a high energy fun-filled two hours of “movietalk” with renowned movie critics Mike Mayo and Max Weiss designed to appeal to both the serious movie fan, as well as, the occasional movie watcher.

“The Movie Show,” presently heard on over 80 talk stations across the country, will be available to all Talk America affiliates. The program is broadcast live from 4-6PM (ET) each Saturday and rebroadcast from 8-10PM and 10PM to 12AM.

“The Movie Show” is a perfect fit for Talk America because it adds affiliates and audience and instantly extends our presence into 5 of the top 10 markets in the nation,” said Jim Courter, IDT’s CEO. “We’re confident “The Movie Show on Radio” will be a box office hit that will add to the growth and revenue of Talk America.”

“Talk America finds itself in an enviable position,” said Trang Nguyen, COO of Talk America. “As a result of the strong foundation we’ve built, quality, original programming is beating a path to our door. The Movie Show On Radio is upbeat, entertaining and contemporary, the perfect marquee property that will broaden our appeal to a whole new group of younger listeners from ages 25-54.”

On June 10, 2003 IDT announced that Liberty Media Corporation acquired a 5.6% stake in IDT Media.

IDT Corporation, through its IDT Telecom, Inc. subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its 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 telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5% of IDT Telecom, respectively. Liberty Media Corporation also owns a 5.6% stake in IDT Media. IDT Media, Inc. is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media. Winstar Holdings, LLC is the IDT subsidiary through which we provide broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. In December 2002, we announced that the services offered by Winstar would begin to be offered under the name “IDT Solutions.” Net2Phone, Inc., which we reconsolidated effective August 1, 2002, is a leading provider of high-quality global retail Voice over IP services, either directly or via a partner.

IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use 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 our 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 our 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. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.