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IDT ENTERTAINMENT AND INDUSTRY ENTERTAINMENT TEAM FOR THEIR SECOND FILM ANTHOLOGY SERIES, “MASTERS OF SCI-FI” Series Highlights Works From Biggest Names In Science Fiction Including H. G. Wells, Isaac Asimov, Ray Bradbury, Harlan Ellison, Robert Heinlein, Stanislav Lem

Newark, NJ and Los Angeles, CA, July 15, 2005 – IDT Entertainment and Industry Entertainment Productions announce their second one-hour original film anthology series, MASTERS OF SCI-FI, featuring works from the greatest writers of science fiction including H.G. Wells (“War of the Worlds,” “The Invisible Man,” “The Time Machine”), Isaac Asimov (“I Robot,” “Nightfall”) Ray Bradbury (“The Martian Chronicles, Fahrenheit 451”), Harlan Ellison (“A Boy and His Dog,” “Jeffty is Five”), Robert Heinlein (“The Puppet Masters, Stranger in a Strange Land”), and Stanislav Lem (“Solaris”).  IDT Entertainment and Industry’s first anthology series, MASTERS OF HORROR, is currently in production in Vancouver and will premiere on Showtime this Fall followed by worldwide distribution.   

“We are excited to have legendary writers such as Ray Bradbury and Harlan Ellison adapting their own short stories for this project,” said Brad Mendelsohn, Partner, Industry Entertainment.  “We are concurrently completing deals for other distinguished writers to adapt these fascinating stories.”  Final conversations are underway for writer Michael Tolkin (“The Rapture,” “The Player,” “The New Age”) to adapt and direct Heinlein’s “Jerry Was a Man.”

IDT Entertainment will fully finance the anthology, just as it did for MASTERS OF HORROR. The initial 13 episodes are expected to start production in Vancouver in March 2006.  IDT Entertainment and Industry have interest from multiple broadcast partners and will announce their choice in the near future.  Worldwide sales and home entertainment distribution will be handled through IDT Entertainment subsidiaries.

MASTERS OF SCI-FI will include stories from the most highly regarded authors in the science fiction genre.  Initial masterworks, chosen with an eye towards the one hour format, will include “Dark They Were, And Golden-Eyed” by Ray Bradbury; “‘Repent, Harlequin!’ Said The Ticktockman” by Harlan Ellison; “The Hunt” by Stanislav Lem, and “The Crystal Egg” by H.G. Wells.  Negotiations are currently underway to include “The Last Question” by Isaac Asimov and “Jerry Was A Man” by Robert Heinlein. 

“Our ‘MASTERS’ franchise brings works of some of our greatest creative talents to worldwide audiences for the first time through first-class film productions,” said John Hyde, COO of IDT Entertainment.  “Science fiction is one of the most enduring and popular literary genres so we’re very excited to bring these great works to a huge fan base.”   

Industry Entertainment’s Keith Addis and Brad Mendelsohn are Executive Producers of MASTERS OF SCI-FI.  Industry’s Andrew Deane, seminally involved in the creation of MASTERS OF HORROR, will serve as Co-Executive Producer.

Industry Entertainment Partners, a leading talent management and production company, has produced award-winning films including sex, lies and videotape, DRUGSTORE COWBOY, THE PLAYER, REQUIEM FOR A DREAM, and QUILLS. 

IDT Entertainment is a vertically integrated entertainment company that develops, produces, and distributes proprietary and licensed entertainment content.  IDT Entertainment’s subsidiaries include animation studios Film Roman, Mainframe Entertainment, and DKP Studios; home entertainment companies Anchor Bay Entertainment and Manga Entertainment; distribution company IDT Entertainment Sales (IDTeS), and live action production company New Arc Entertainment.  IDT Entertainment is a subsidiary of IDT Corporation (NYSE:IDT, IDT.C) an international telecom, entertainment, and technology company.

Important Note:  In this press release, all statements that are not purely about historical facts, including, but not limited to, those with the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  While these forward-looking statements represent IDT’s current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in IDT’s most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings IDT may make with the SEC.