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IDT Corporation to Report 3rd Quarter Results on June 4th, 2008

Please join the IDT Corporation (NYSE: IDT, IDT.C) third quarter fiscal
2008 conference call for results for the three-month period ended April
30, 2008, along with an update on IDT’s businesses. The conference call
is scheduled for Wednesday, June 4th, 2008 at 5:00 PM (Eastern). An
earnings release will be available prior to the call.

Participants may join the conference call in two waysvia
webcast or teleconference. The webcast may be accessed by visiting the
IDT Corporation website at,
or by using the hyperlink:

Participants 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.

To participate via telephone, the dial-in number for domestic callers is
(877) 407-8033, and for international callers is (201) 689-8033. Please
dial in approximately 10 minutes prior to the start of the call.

An archived copy of the call will be available on IDTs
Investor Relations webpage, at,
under Presentations;
or via a replay, for domestic callers at (877) 660-6853, and for
international callers at (201) 612-7415, both using Account number 286
and Conference ID number 286712. The teleconference replay will be
available for one week after the call.

We look forward to your participation.

About IDT

is an innovative and opportunity seeking multinational
holding company with operations that span several industries. Through
its Telecom subsidiary, IDT provides telecommunications services
worldwide to the retail and wholesale markets. IDT Energy operates an
Energy Services Company (ESCO) in New York State. IDT subsidiary
American Shale Oil Corporation (AMSO) manages IDTs
oil shale ventures. IDT’s Capital division incubates newer businesses,
and the Company’s Spectrum subsidiary holds its spectrum license assets.
IDT Telecom provides retail and wholesale telecommunications services
and products, including pre-paid and rechargeable calling cards,
consumer local, long distance, and wireless phone services, and
wholesale carrier services. Under the Net2Phone brand name, the Company
also provides a range of voice over Internet protocol (VoIP)
communications services. IDT Capital’s operations include receivables
portfolio management and collection, brochure distribution, Internet
Mobile Group, Net2Phone Ventures and other initiatives. IDT
Corporation’s Class B Common Stock and Common Stock trade on the New
York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

Investor Relations:
IDT Corporation
Bill Ulrey, 973-438-3553