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IDT Selected by Friendster to Provide Prepaid Calling Card

Friendster and IDT Launch ‘The Friendster Loop’ Calling Card

IDT Corporation (NYSE: IDT; IDT.C) said today that it has been selected
by Friendster, a top 20 global website based on traffic and the #1
social network in Asia*, to launch The Friendster Loop, a
pre-paid calling card designed for Friendster’s member community.

IDT manages The Friendster Loop calling card service and the
corresponding registration and account management web site at
Friendster has designed and branded the offering and will market The
Friendster Loop
through a series of integrated marketing campaigns
primarily through
to its member community.

“The agreement with Friendster reflects IDT’s strategic commitment to
develop and operate innovative voice communications platforms that add
value for our partners. We are extremely proud to have been selected by
Friendster, and we welcome the opportunity to provide Friendster’s
active users with convenient, competitively priced international
calling,” said Jim Courter, CEO to IDT.

“Friendster selected IDT since it is a leader in providing high quality
and competitive calling card services globally,” said David Jones, vice
president of global marketing at Friendster. “Friendster is the first
major global social network to extend its social networking website to
also include warm, emotional and engaging voice conversations for
sharing and communicating live over the phone with friends and family.”

The Friendster Loop calling card will initially be marketed and
available in the United States, United Kingdom, Canada, Philippines,
Indonesia, Malaysia, and Singapore.

Friendster is a top 20 global website in the world in terms of traffic*
serving over 14 billion page views a month*, and Friendster is the #1
social network in Asia, with over 75 million registered users* from Asia.

About IDT Corporation:

is a multinational holding company focused on the telecommunications and
energy industries. 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.

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.
forward-looking statements and risk factors included in this document
are made as of the date hereof, based on information available to IDT as
of the date thereof, and IDT assumes no obligation to update any
forward-looking statements or risk factors.

* comScore Media Metrix, Worldwide Data, January 2009

IDT Corporation Investor Relations
Bill Ulrey, 973-438-3838