NEWARK, N.J. – September 21, 2001 – IDT Corporation (NYSE: IDT, IDT.B) today announced that of its approximately 400,000 long distance customers, there were reported outages on about 1,600 lines following the September 11 attack on the World Trade Center. This represents less than one percent of IDT’s long distance lines. Those lines are among 20,000 operated by the company in the immediate area of the attack.

IDT is continuing to work with other carriers to restore all its customers to full service. It is also making special efforts to accommodate those still experiencing difficulties.

To allow affected customers to continue to use IDT’s long distance service, the company is expediting a special calling card system. Customers who request this temporary arrangement will be able to make calls directly through the IDT network using an account number and PIN at the regular 5¢ a minute, state-to-state rate instead of the usual 10¢ calling card charge.

In addition, IDT’s calling card division reported that its 15 million customers experienced no disruption in their service as a result of the attack, despite a massive surge in usage by concerned family members, rescue workers, and others across the United States.

“The events of September 11 affected us all, both emotionally and practically,” said Howard Jonas, IDT’s Chairman. “Long distance communications is an essential service, particularly during national emergencies. That’s why our people have been working tirelessly to make sure our customers experience as few disruptions as possible.”

“We’re also doing our part to support relief efforts,” Jonas said. He noted that the IDT Glatt Kosher Soup Van, which normally distributes food for the homeless at churches and other centers near the company’s Newark, New Jersey, headquarters, has been making trips every day, including weekends, to New York with Kosher deli sandwiches and beverages for rescue workers. On each trip more than six-hundred lunches are delivered.

“Constantly loading the van and making so many trips to New York is a lot more work than any of us expected when we set out to feed the homeless,” said Miya Ali, IDT’S Manager of Community Relations. “But when you see the determination on the faces of the rescue workers, it’s an honor to play even a small part in what they’re doing.”

In addition to distributing food, the company is making more than $1 million available to charities engaged in relief efforts through employee matching grants. For every employee contribution to one of those charities, IDT will donate a matching amount up to $500.

“Times like these bring us together, both as citizens and as co-workers,” said Jim Courter, IDT President and CEO. “From the huge American flag we’ve placed on the side of our building facing lower Manhattan to the efforts we’ re making to help those of our customers affected by the attack, we at IDT are doing all we can to aid in the recovery and rebuilding that lies ahead.”

IDT CORPORATION

IDT is a leading facilities-based, multinational carrier that provides a broad range of telecommunications services to its wholesale and retail customers worldwide.

Through its own national telecommunications backbone and fiber optic network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. The Company’s Ventures division is developing several innovative telecom and Internet related businesses. Through its IDT Investments subsidiary, IDT has equity interests in several telecom and Internet-related companies.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 10K for the period ended July 31, 2001 and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward looking statements.

NEWARK, N.J. – September 17, 2001 – IDT Corporation (NYSE: IDT, IDT.B) is pleased to announce the appointment of William S. Cohen, former U. S. Secretary of Defense and three-term Senator from Maine, to the Board of Directors of IDT Telecom, the IDT subsidiary responsible for the Company’s domestic and international long distance, calling card, carrier services, and other telecom businesses.

“I’m honored to welcome William Cohen to the Board of Directors of IDT Telecom,” said Howard Jonas, IDT’s Chairman. “As Secretary of Defense in a Democratic Administration and as a Republican Senator from Maine, Bill Cohen served with skill and dedication. He has proven himself to be an exceptional manager first in government and now in the private sector as head of his own consulting firm.”

Secretary Cohen is currently Chairman and CEO of The Cohen Group, a strategic business consulting firm in Washington, D. C. The Cohen Group helps multinational clients from all sectors of the economy develop and implement strategic plans, identify business opportunities, manage risks, and overcome problems in quickly changing markets worldwide.

“It’s a special privilege to join the Board of such a forward-looking company,” said Cohen. “Telecom is an indispensable part of business everywhere in the world, and IDT is a recognized leader in all aspects of telecommunications.”

William S. Cohen was first elected to public office in 1971, when he became Mayor of Bangor, Maine. Two years later he was elected to his first of three terms in the U. S. House of Representatives, and then served three terms in the U. S. Senate. He became Secretary of Defense in 1997, a position he held for four years.

“Bill Cohen has a well-deserved reputation as an independent-thinking, results-oriented legislator and administrator,” said Jim Courter, Vice Chairman and CEO of IDT. “His knowledge and understanding of how to use the latest technology to solve business and other problems represents a valuable resource to IDT Telecom.”

IDT CORPORATION

IDT is a leading facilities-based, multinational carrier that provides a broad range of telecommunications services to its wholesale and retail customers worldwide.

Through its own national telecommunications backbone and fiber optic network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. The Company’s Ventures division is developing several innovative telecom and Internet related businesses. Through its IDT Investments subsidiary, IDT has equity interests in several telecom and Internet-related companies.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 10K for the period ended July 31, 2001 and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward looking statements.

NEWARK, N.J. – June 28, 2001 – IDT Corporation (NYSE: IDT, IDT.B) is pleased to announce the appointment of Roberto Muller, President and CEO of The Muller Sports Group, to the Board of Directors of IDT Ventures, the IDT subsidiary responsible for the Company’s technology and media initiatives.

“It’s a great pleasure to welcome Roberto Muller to the Board of IDT Ventures,” said Howard Jonas, IDT’s Chairman. “He is without question a true visionary in using the media to reach consumers in ways that have great meaning to their lives.”

Muller has spent nearly 30 years as a leader and innovator in sports and product marketing. He founded PONY Sports and Leisure in 1975, developing footwear and apparel for top professional athletes and college teams. In 1992, he became President of Reebok International, and soon transformed Reebok from a primarily women’s fitness brand into a diversified performance sports brand able to compete successfully with international giants Nike and adidas.

Roberto Muller and his team, in partnership with Hicks, Muse, Tate & Furst, saw the opportunities and created a Hicks, Muse-owned Latin American sports and media platform, featuring Pan-american Sports Network (PSN), a 24-hour, all sports cable and satellite digital television network, and PSN.com.

“Roberto Muller’s strategic direction ensured a closer connection between Latin American fans and the PSN Network. His efforts fit in perfectly with IDT Ventures’s plans to create more and better ways for consumer marketers to reach the growing American Hispanic community,” said Charles Garner, CEO of IDT Ventures.

“I look forward to working with Howard Jonas and all the talented people at IDT Ventures,” said Roberto Muller. “They understand the opportunities presented by the growth of Latin markets throughout our hemisphere.”

In addition to currently providing the Latin American sports fan with unique sports entertainment choices through a world-class pay-TV network, Muller’s experience at PONY, Reebok, and elsewhere has given him special insight into how to reach consumers beyond the sports and Hispanic markets.

“Roberto Muller turned his love of sports into outstanding success in business,” said Jim Courter, Vice Chairman and President of IDT Corporation. “He has time and again demonstrated his ability to create product value for all consumers as well as sports enthusiasts and members of the Hispanic community. We’re delighted to have him join the many other distinguished individuals now on IDT’s various Boards of Directors.”

IDT CORPORATION

IDT is a leading facilities-based, multinational carrier that provides a broad range of telecommunications services to its wholesale and retail customers worldwide.

Through its own national telecommunications backbone and fiber optic network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. The Company’s Ventures division is developing several innovative telecom and Internet related businesses. Through its IDT Investments subsidiary, IDT has equity interests in several telecom and Internet-related companies.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 10K for the period ended July 31, 2001 and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward looking statements.

NEWARK, N.J.— June 25, 2001 —IDT Corporation (NYSE: IDT; IDT.B) today provided an update on its corporate restructuring program. Upon completion of the restructuring, which was originally announced in October 2000, IDT Corporation will be a holding company, with two principal subsidiaries: IDT Telecom and IDT Ventures. IDT’s restructuring team is currently in the process of obtaining regulatory and third-party approvals, and the Company continues to anticipate that its corporate restructuring will be completed by July 31, 2001, coinciding with the end of IDT’s Fiscal Year 2001.

As the effective date for the restructuring nears, IDT has completed the appointment of management teams for the various post-restructuring divisions of IDT:

IDT Corporation

Howard Jonas, currently IDT’s Chairman and CEO, will be Chairman of IDT Corporation, IDT Telecom and IDT Ventures and Investments. Jim Courter, currently Vice Chairman and President of IDT Corp., will be Vice Chairman and CEO of IDT Corporation. Ira Greenstein, currently Counsel to the Chairman at IDT Corporation, will be President of IDT Corporation. Hal Brecher, formerly the Chief Operating Officer (COO) of IDT Corporation and a member of the Company’s Board of Directors, has left the Company to pursue other interests. Michael Fischberger, who has been serving as IDT Corporation’s COO since Mr. Brecher’s departure, will continue in that role after the restructuring is completed. Stephen Brown, currently Chief Financial Officer (CFO) of IDT Corporation, will remain in that position after the restructuring. Moshe Kaganoff will remain Executive Vice President of Strategic Planning for IDT Corporation, and will also be active in strategic planning for IDT Telecom and IDT Ventures.

IDT Telecom

Motti Lichtenstein, currently the Executive Vice President of Business Development for IDT Corporation, will be the CEO of IDT Telecom. Geoff Rochwarger, currently the Executive Vice President of Telecom for IDT Corporation, will serve in the role of COO of IDT Telecom. Josh Winkler will become President of Retail Services. Jonathan Levy, currently Executive Vice President of Business Development at IDT Corporation, will be President of Wholesale Carrier Services. Norman Rosenberg, formerly Senior Vice President of IDT Capital Markets, will serve as IDT Telecom’s Chief Financial Officer.

IDT Ventures

Charles Garner, currently the Executive Vice President of New Ventures for IDT Corporation, will serve as the CEO of IDT Ventures, with Marc Knoller, currently Senior Vice President of IDT Corporation, serving as COO.

IDT CORPORATION

IDT is a leading facilities- based, multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet service provider to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. Through its own national telecommunications backbone and fiber optic network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance telephony, prepaid calling cards, Internet access and digital subscriber line (DSL) service.

NEWARK, NJ and ENGLEWOOD, CO (June 14, 2001) – IDT Corporation (NYSE: IDT; IDT.B) and Liberty Media (NYSE: LMG.A; LMG.B) announced today plans to form a joint venture to make telephony services available to Liberty’s International cable affiliates. IDT and Liberty will have equal equity stakes in the joint venture, with IDT controlling the venture’s day-to-day operations and appointing a majority of its Board of Directors. IDT will provide the telephony termination and infrastructure for the joint venture for a period of five years and all of the funding obligations. Liberty has entered into a binding memorandum of understanding with Net2Phone, Inc. (NASDAQ: NTOP) to obtain a five-year license for Net2Phone’s technology, allowing it access to software used by Net2Phone to voice-enable and operate its IP network and to provide service to VoIP customers, as well as access to Net2Phone’s suite of IP communications applications. Liberty has agreed to assign this license to the joint venture. The formation of the joint venture is subject to the receipt of regulatory approvals.

“We have long been intrigued by the possibilities offered by cable telephony,” said Howard Jonas, Chairman and CEO of IDT Corporation. “By partnering with a company with the global reach of Liberty, and using Net2Phone’s industry-leading technology, we are positioning ourselves to benefit from this potentially huge market.”

“IDT and Net2Phone have a proven track-record of successful voice delivery over IP networks,” according to Robert Bennett, President and CEO of Liberty Media. “This is an excellent example of Liberty’s ability to partner with recognized leaders in VoIP and next-generation voice technology and bringing that expertise to Liberty’s International distribution platform.”

Completion of the transaction is subject to customary conditions and is expected to occur by July 14, 2000.

IDT CORPORATION

IDT is a leading facilities- based, multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet service provider to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. Through its own national telecommunications backbone and fiber optic network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance telephony, prepaid calling cards, Internet access and digital subscriber line (DSL) service.

CONTACTS:

Media
Gil Nielsen
VP, IDT Corporate Communications
(973) 438-4002

Investors:
Mary Jennings
Manager, Investor Relations
(973) 438-3124

LIBERTY MEDIA CORPORATION

Liberty Media holds interests in a broad range of Domestic and International video programming, communications, technology and Internet businesses. Liberty Media’s principal International cable assets include interests in UnitedGlobalCom, Inc., Telewest Communications plc, and Jupiter Telecommunications Co., Ltd.

CONTACT:

Mike Erickson
VP Investor Relations
(877) 772-1518

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward-looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to , those risks discussed in this release. In addition to the factors specifically noted in the forward-looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 10K for the period ended July 31, 2000; and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward-looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward-looking statements.

NEWARK, NJ— June 12, 2001 – IDT Corporation (NYSE: IDT) today announced the successful launch of its new international calling plan which effectively cuts the Company’s already competitive overseas rates by an average of 30% to more than 200 countries around the world. IDT is a leading facilities-based multinational telecommunications carrier. The Company also announced its new 5-cents-a-minute rate to anywhere in Canada, 24 hours a day, 7 days a week, from anywhere in the continental United States.

“The new international rate plan is an important and strategic move for us, since many of the people who use other IDT services are frequent international callers,” said Howard Jonas, IDT’s Chairman and CEO. “Now we are able to build and deepen our relationships with international customers by securing their domestic long distance and offering them significant savings on international long distance and other IDT services.”

IDT’s new 5-cents-a-minute rate to Canada is available immediately to all IDT Long Distance subscribers for no additional fee. Its new International plan, introduced on March 26th, 2001, is available to customers enrolled in IDT’s flat-rate residential long distance service for an additional $2.00 a month. Alternatively, the company offers a no-fee plan at just 6.9 cents-a-minute domestically which includes the aggressive international rates. This plan requires a $10 monthly minimum.

The new international plan features 5 cents-a minute to Canada, 8-cents-a-minute calling to Australia and Hong Kong, 9-cents-a-minute to Japan, and rates as low as 7-cents-a-minute to some of the most frequently called countries in Europe. These rates represent dramatic savings to overseas callers, and are as much as 70% below the lowest rates offered by the big three long distance companies.

The strength and scale of IDT’s core wholesale telecom operations enable the Company to successfully negotiate and secure the lowest possible domestic and international rates in the industry and pass these rates on in the form of dramatic savings to its long distance customers. Increases in international Long Distance traffic should benefit significantly IDT’s bottom line since, frequent international callers represent a higher revenue, higher margin, and a recurring customer base. Also, international callers are an ideal audience for marketing IDT’s other telecommunications products and services geared toward overseas callers and frequent business travelers.

“Our new international calling plan is more solid proof of how IDT is aggressively working to bring the highest quality communication products and services at the lowest possible cost to an ever increasing segment of the market,” said Jim Courter, President of IDT. “IDT has injected a well-needed shot of adrenaline into an industry that had become bogged down in high overhead, inefficient legacy systems and a marketplace lacking competitive energy.”

IDT introduced its flat-rate residential Long Distance service in February 2000. Since its launch just over a year ago, the service has attracted 400,000 subscribers and is currently enrolling thousands of new customers a day. IDT’s long distance service features interstate calling rates of 5-cents-a-minute to most places in the continental United States, 24 hours a day, 7 days a week. This is one of the most competitive plans in the country and is available in most areas across the nation.

IDT CORPORATION

IDT is a leading facilities-based, multinational carrier and international telecommunications operator which provide a broad range of services to its wholesale and retail customers worldwide.

Through its own national telecommunications backbone and fiber optic network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance telephony, and prepaid calling cards. The Company’s Ventures division is developing several innovative telecom and Internet related businesses. Through its IDT Investments subsidiary, IDT has equity interests in several telecom and Internet-related companies.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward-looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 10K for the period ended July 31, 2000; and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward-looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward-looking statements.

NEWARK, N.J. – April 27, 2001 – IDT Corporation (NYSE: IDT) is pleased to announce the appointment of Former United States Representative Jack Kemp (R-NY) to the Board of Directors of IDT Ventures, a new subsidiary of IDT overseeing the Company’s various technology ventures and development projects. IDT is a leading facilities-based multinational telecommunications carrier.

“It is an honor to welcome Jack Kemp to the Board of IDT Ventures,” said Howard Jonas, IDT’s Chairman and CEO. “Congressman Kemp has proven himself as one of the foremost political leaders and thinkers of our time. His vision and dedication to promoting the advancement of technology and economic growth will help empower and inspire IDT as it identifies and develops new technologies, products and services.”

Jack Kemp was born and raised in Los Angeles, attended LA public schools and graduated from Occidental College. He played for 13 years as a professional football quarterback and was captain of the San Diego Chargers from 1960-1962. He was also captain of the Buffalo Bills, the team he quarterbacked to the American Football League Championships in 1964 and 1965.

Congressman Kemp was elected to the U.S. House of Representatives in 1970, representing the Buffalo area and western New York, a post he held for18 years. After his retirement from Congress in 1989, he served for four years as Secretary for Housing and Urban Development under President George H. Bush, and authored the Enterprise Zones legislation to encourage entrepreneurship and job creation in urban America. In 1995, Mr. Kemp served as Chairman of the National Commission on Economic Growth and Tax Reform and in August 1996 received the Republican Party’s nomination for Vice President.

Jack Kemp is currently co-director of Empower America, a Washington, D.C.-based public policy and advocacy organization he co-founded in 1993 with William Bennett and Ambassador Jeane Kirkpatrick. He continues to campaign nationally for reform of taxation, Social Security and education, and dedicates his private enterprise and venture capital activities to enhancing the growth of leading technology and manufacturing companies.

“IDT is a dynamic, rapidly-growing company with a promising future in the telecommunications industry,” Congressman Kemp remarked. “I am looking forward to a very productive and challenging experience working with IDT Ventures.”

Jack Kemp is the most recent addition to a growing cadre of prominent business leaders and political figures joining IDT’s various Boards of Directors. On March 28th, former U.S. Senator Frank Lautenberg (D-NJ) was appointed to the Board of IDT Telecom, a division encompassing the Company’s core telecommunications business. Paul Reichman, an internationally recognized entrepreneur and community leader, joined the IDT Board of Directors on March 23rd of this year. And on December 15th, 2000, IDT announced the appointment of former U.S. Senator Paul Laxalt (R-NV) to the Board of IDT Ventures.

“The outstanding individuals that IDT has added to its Boards of Directors in recent months is a clear indication of IDT’s commitment to becoming the world’s leading telecommunications company,” said Jim Courter, Vice Chairman and President of IDT. “It was a privilege working closely with Jack during our years together in Congress. His wealth of experience and keen insight will be invaluable as IDT moves forward in implementing its corporate reorganization and strategic vision.”

IDT CORPORATION

IDT is a leading facilities-based, multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet service provider to provide a broad range of telecommunications services to its wholesale and retail customers worldwide.

Through its own national telecommunications backbone and fiber optic network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance telephony, prepaid calling cards, Internet access and digital subscriber line (DSL) service. The Company’s Ventures division is developing several innovative telecom and Internet related businesses. Through its IDT Investments subsidiary, IDT has equity interests in several telecom and Internet-related companies.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 10K for the period ended July 31, 2001 and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward looking statements.

NEWARK, N. J., April 17, 2001 – IDT Corp. (NYSE: IDT) today is pleased to acknowledge its inclusion in the prestigious Forbes 500 list of publicly traded companies, which were ranked according to sales, assets, profits and market value. The list was published in the April 16, 2001 issue of Forbes Magazine. IDT is a leading multinational carrier and telephone company.

According to Forbes, IDT is ranked number 96 on the Forbes Profits 500 sub-list, which looks just at companies’ profits. Overall, IDT received a Forbes ranking of 394 on the master composite list, which looked at the companies’ sales, profits, assets and market value for the year 2000. The Forbes report says the companies on its list “look like potential bargains – both on an absolute basis and relative to their peers.”

“Clearly, IDT has won the battle of the emerging telecommunications carriers and has become a top tier company,” said IDT Chairman and CEO Howard Jonas. “So far this year we’ve acquired bargain priced assets from less fortunate carriers, we moved to the New York Stock Exchange and now we’re in the Forbes 500. This is just one more step for IDT along the path to becoming the leader in the telecommunications industry.”

“We are very pleased to be recognized on the Forbes 500 list of leading companies. IDT continues to seek out new areas for expansion in telecommunications and related fields, while at the same time trimming costs and becoming more efficient,” stated IDT President Jim Courter. “Our high ranking on the Forbes Profits list tells us that our efforts are beginning to pay off.”

IDT’s ranking by Forbes is just the latest in a growing number of awards and recognition for the company. Crain’s New York Business named IDT as the number one of the New York area’s fastest-growing companies, in October 2000. And in August of that year, IDT won the 2000 Deloitte & Touche New Jersey Fast 50 Award for being the fastest growing company in New Jersey.

IDT moved its listing from the NASDQ to the New York Stock Exchange on February 26, 2001.

IDT CORPORATION

IDT is a leading facilities-based, multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet service provider to provide a broad range of telecommunications services to its wholesale and retail customers worldwide.

Through its own national telecommunications backbone and fiber optic network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance telephony, prepaid calling cards, Internet access and digital subscriber line (DSL) service. The Company’s Ventures division is developing several innovative telecom and Internet related businesses. Through its IDT Investments subsidiary, IDT has equity interests in several telecom and Internet-related companies.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward-looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 10K for the period ended July 31, 2000; and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward-looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward-looking statements.

NEWARK, N.J. – March 28, 2001 – IDT Corporation (NYSE: IDT) is pleased to announce the appointment of Former United States Senator Frank R. Lautenberg (D-NJ) to the Board of Directors of IDT Telecom, encompassing the Company’s core telecom business. IDT is a leading facilities-based multinational telecommunications carrier.

“We are very honored to be welcoming Frank Lautenberg to the Board of IDT Telecom,” said Howard Jonas, IDT’s Chairman and CEO. “Senator Lautenberg’s considerable experience and visionary leadership in both business and politics will be a great asset to IDT as it develops new products and technologies and seeks out promising new investment opportunities.”

Born in Paterson, New Jersey, Senator Lautenberg served in the U.S. Army and then attended Columbia University on the G.I. Bill, graduating with a degree in economics. Joining with two childhood friends, Frank Lautenberg helped found payroll services provider Automatic Data Processing and served as the company’s Chairman and CEO from 1975 to 1982. Under his bold entrepreneurial leadership, ADP grew into one of the largest independent computing services firms in the world.

Having established himself as a leading figure in the business world, Senator Lautenberg launched a new career in public service in the early 1980’s. Running for public office for the first time, he was elected to the United States Senate in 1982, a post he held for the next 18 years.

During his three terms in the Senate, Frank Lautenberg built a distinguished record of accomplishment in a variety of policy areas. A strong environmentalist, Lautenberg helped author the Superfund, Clean Air and Safe Drinking Water Acts. As ranking Democratic member of the Senate Budget Committee, he co-authored the Balanced Budget Agreement of 1997 that resulted in the first balanced Federal budget in over three decades. And as a staunch supporter in investing in our nation’s infrastructure, he helped craft the landmark $218 billion transportation bill that was the largest such investment in our country’s history. Senator Lautenberg wrote laws to ban smoking in airplanes, take guns away from spousal abusers and increase the minimum drinking age to 21, enabling our country to save thousands of lives over the past dozen years.

“I am thrilled to have the opportunity to work with such an exciting, innovative pioneering company,” Senator Lautenberg remarked. “The telecommunications industry is transforming the way we work, live and communicate, and IDT is at the vanguard of this revolution. When I think about IDT, I’m reminded of the early days at ADP as we sought to establish our presence in the world of newly emerging opportunities. I am looking forward to a very productive and challenging experience working with IDT Telecom.”

Frank Lautenberg is the second former United States Senator to join an IDT Board within the past several months. On December 15th, 2000, IDT announced the appointment of former U.S. Senator Paul Laxalt (R-NV) to the Board of Directors of IDT Ventures, a new subsidiary of IDT overseeing the Company’s various telecom and Internet-related development projects.

In October 2000, IDT announced a major corporate restructuring plan. The plan involves more clearly delineating the Company’s various business units and investments into two distinct divisions, IDT Telecom and IDT Ventures and Investments, which will initially be owned by IDT Corporation, a holding company.

“Senator Lautenberg has achieved the highest distinction as both a businessman and a member of the U.S. Senate,” said Jim Courter, President of IDT and a former six-term Congressman from New Jersey. “Frank has a keen understanding of the challenges and potential of technology. IDT Telecom will benefit greatly from his wealth of experience, sharp insight and knowledge of public policy.”

IDT CORPORATION

IDT is a leading facilities-based, multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet service provider to provide a broad range of telecommunications services to its wholesale and retail customers worldwide.

Through its own national telecommunications backbone and fiber optic network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance telephony, prepaid calling cards, Internet access and digital subscriber line (DSL) service. The Company’s Ventures division is developing several innovative telecom and Internet related businesses. Through its IDT Investments subsidiary, IDT has equity interests in several telecom and Internet-related companies.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 10K for the period ended July 31, 2001 and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward looking statements.

NEWARK, N.J. – December 15, 2000 – IDT Corporation (NASDAQ: IDTC) is pleased to announce the appointment of Former United States Senator Paul Laxalt (R-NV) to the Board of Directors of IDT Ventures and Investments. IDT is an emerging multinational telecommunications carrier, telephone company and Internet service provider.

“We are thrilled to be welcoming Senator Laxalt to the Board of IDT Ventures and Investments,” said Howard Jonas, IDT’s Chairman and CEO. “IDT has always prided itself on the outstanding individuals represented on its Board of Directors. Paul Laxalt’s knowledge, entrepreneurial vision and years of commitment to public service will be an invaluable asset to the Company.”

Paul Laxalt has had a long and distinguished career as a public servant, beginning in 1951 when he was elected District Attorney of Ormsby County, Nevada, a post he held until 1954. From 1963-1967, he served as Lieutenant Governor of Nevada, and then as Governor of Nevada from 1967-1971. He was elected to the United States Senate in 1974, a post he held for two terms until his retirement from public service in 1987.

During his twelve years in the Senate, Paul Laxalt gained wide recognition as a leading figure in the Republican Party and was a close personal advisor to President Ronald Reagan. Senator Laxalt served as the President’s “eyes and ears” on Capitol Hill. Mr. Laxalt holds Bachelor of Arts and Law degrees from Denver University.

Paul Laxalt is the first outside Director to be named to the Board of IDT Ventures and Investments, a new division of IDT overseeing the Company’s telecom and Internet-related ventures.

“I am extremely pleased to be working with such an exciting, growth-oriented company,” Senator Laxalt remarked. “IDT Ventures and Investments is committed to developing the innovative technologies of the future. I look forward to a long and rewarding relationship as a member of its Board.”

IDT announced a major corporate restructuring plan in its Fourth Quarter and Fiscal Year 2000 Results released on October 30th, 2000. The plan involves more clearly delineating the Company’s various business units and investments into two distinct divisions, IDT Telecom and IDT Ventures and Investments, which will initially be owned by IDT Corporation, a holding company.

IDT Ventures and Investments will include the Company’s various telecom and Internet-related development projects. The primary Ventures businesses currently under development are: IDT Wireless, Dial 1 Domestic Long Distance, IDT Fiber and TV.TV. IDT Ventures and Investments will also include IDT’s equity investments in other companies, including primarily the Company’s 10 million shares of Net2Phone and its shares of Terra Networks.

“I had the privilege of serving in the U.S. Congress during much of Paul Laxalt’s career in the U.S. Senate,” said Jim Courter, President of IDT and a former six-term Congressman from New Jersey. “I know first-hand his commitment and dedication to excellence. IDT Ventures and Investments will greatly benefit from his presence on its Board.”

IDT is an emerging facilities-based multinational carrier that offers a broad range of telecommunications services to wholesale and retail consumers worldwide. Through its own telecommunications backbone and network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance, pre-paid calling cards, Internet access and Digital Subscriber Line (DSL) service.

The Company’s Ventures division is developing several innovative telecom and Broadband related businesses. IDT’s experience with new ventures includes the creation and initial public offering of the Internet Telephone Company, NET2PHONE (NASDAQ:NTOP – news). IDT Technology Ventures supports IDT in selecting and incubating new technology ventures.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward-looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 4K for the period ended July 31, 2000; and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward-looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward-looking statements.