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Talk America Radio Network Adds Geoff Metcalf to its Lineup “Geoff Metcalf Live” to Focus on Domestic and International News

Newark, NJ May 2, 2003 – Talk America Radio Network today announced that radio broadcaster and journalist Geoff Metcalf will host a live daily talk-radio program on the syndicated network. Talk America is a unit of IDT Media, a subsidiary of IDT Corporation (NYSE:IDT, IDT.C), a multinational carrier, telephone and technology company

“Geoff Metcalf Live,” a three-hour call-in talk radio program aptly described as news and analysis ahead of the mainstream, will focus on social issues, international and domestic news, and feature guest experts and newsmakers. The program launching early May 2003 will broadcast live every weekday from 10 pm to 1 am EST.

“We are moving quickly to build Talk America into the talk-radio leader for news and information programming,” said Jim Courter, IDT’s CEO. “As a columnist for the Sacramento Union, journalist and former Green Beret, Geoff Metcalf brings a unique perspective to Talk America Radio. By adding experienced broadcasters like Geoff Metcalf to our impressive line up of talk-radio hosts, we can expand the programming made available to our affiliate stations and increase our audience.”

Geoff Metcalf is a radio professional whose accomplishments as a journalist, author, military veteran and advertising executive lend perspective to his analysis on a broad range of topics. Mr. Metcalf, a skilled interviewer who tackles controversial issues head on, is well known for uncovering stories overlooked by others. Most recently, he hosted a radio talk-show, in San Francisco on the ABC Owned and Operated KSFO and subsequently was syndicated through WorldNetDaily.

“The best way to show we’re serious about building a solid radio network is by hiring some of the best people in the industry to be a part of it,” said Trang Nguyen, COO of Talk America. “Our network provides affiliates with hosts that deliver compelling, candid and passionate programming. We’re proud to welcome Geoff Metcalf to the Talk America family.”

IDT Media recently announced the formation of an Owned and Operated Stations Group that will help to expand Talk America’s broadcast base. Talk America’s broadcast personalities include Shmuley Boteach, Heloise, Mort Crim, Dr. Gabe Mirkin, Doug Stephan, Bruce Williams, Lowell Ponte and Chuck Harder. Talk America personalities can be heard by more than 5 million listeners a week on more than 700 affiliate radio stations nationwide and on the Talk America website, Talk America Radio Networks was acquired by IDT Media in November of 2001.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5 % of IDT Telecom, respectively. IDT acquired the assets of Winstar Communications in December 2001.

IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use 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 our 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 our 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. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.