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IDT Corporation’s Genie Energy Subsidiary to Present at Rodman & Renshaw Global Investment Conference

The CEO of IDT Corporation’s (NYSE: IDT) Genie Energy Ltd. subsidiary
(Genie), Claude Pupkin, and the Chief Scientist of Genie’s oil shale
initiative in Israel (Israel Energy Initiatives), Harold Vinegar, PhD.,
will present at the Rodman & Renshaw Annual Global Investment Conference
(Israel Track) in New York City on Tuesday, September 13, 2011.

The presentation will focus on IDT’s Genie Energy subsidiary and in
particular, its oil shale initiative in Israel. IDT has announced that
it intends to spin off Genie to its stockholders later this year.

The presentation is scheduled to begin at 2:00 p.m. (Eastern) and
continue for approximately 20 minutes. The conference presentation,
including written materials accompanying the presentation, will be
available on the Investor Relations page of IDT’s website,,
through December 12, 2011.

To schedule a one-on-one meeting with Mr. Pupkin and Dr. Vinegar prior
to or following the formal presentation, please e-mail

About IDT Corporation:

(NYSE:IDT) is a consumer services company with
operations primarily in the telecommunications and energy industries.
Find out more at

About Genie Energy Ltd.:

Genie Energy Ltd (Genie) is a wholly owned subsidiary of IDT Corporation
(NYSE: IDT). IDT has announced plans to spin-off Genie to shareholders
as a separate publicly traded company. Genie is comprised of IDT Energy,
a reseller of electricity and natural gas to retail customers, and Genie
Oil and Gas (GOGAS). GOGAS is pioneering technologies to produce clean
and affordable transportation fuels from the world’s abundant oil shales
and other unconventional fuel resources. GOGAS contains Genie’s
interests in oil shale development initiatives in Colorado and Israel.

IDT Corporation
Investor and Media:
Bill Ulrey, 973-438-3838