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Zedge Studios and Overture Films Strike Deal to Promote Mad Money on

Forums, Chat Events, Free Content, Contest and Trailers Part Of
Expansive Arrangement

Zedge Studios, a division of IDT Internet Mobile Group (IIMG), announced

today that it has signed a deal to promote Overture Films

upcoming feature film Mad Money, which stars Diane Keaton, Queen

Latifah, Katie Holmes and Ted Danson, on,

one of the worlds most popular destinations

for complimentary content for mobile device users., with users

in 216 countries worldwide, will be part of the international rollout of

the film as well. The site recently topped seven million registered

subscribers, averages over 10,000 new daily registrations and boasts

over 700,000 pieces of free mobile-related available content.

Mad Money, produced and distributed by Overture Films, opens

nationwide on January 18th. The comedy is

directed by Academy Award® winner Callie

Khouri (screenwriter of Thelma and Louise and director of The

Divine Secrets of the Ya-Ya Sisterhood) from a script by Glenn Gers (Fracture).

Keaton, Latifah and Holmes star as three ordinary women who form an

unlikely friendship and decide to do something extraordinaryrob

one of the most secure banks in the world.

The scope of this promotional deal includes exclusive, free mobile

content based on the film, including ringtones, video and wallpapers

only available on Zedge. In addition, users can participate in Mad

Money movie forums, watch trailers, and participate in the What

Would You Do With Mad Money? video contest.

To enter the contest, users upload a 30 second video saying what they

would do with Mad Money. Judged by a panel including Mad Money

co-star Adam Rothenberg, winning contestants will get a $1000 cash

prize, a free year of STARZ! premium cable service or a Mad Money DVD.

This is an important deal in the recognition

of as a mobile content industry leader,

said Moshe Berger, IIMG CEO and head of Zedge Studios. Giving

Zedgers desirable content by aligning ourselves with leading

entertainment partners like Overture Films is a key component of our

growth strategy.

Were delighted

to partner with Zedge on this promotion,

said Chris McGurk, CEO of Overture Films. We

know its wide user base will respond positively to our film, which is

pure fun.


IIMG develops and licenses original content for distribution through

traditional, online and mobile platforms. Its holdings include IDW

Publishing, which forms the core of its Zedge Studios operation, as

well as Norway-based,

one of the worlds most popular

user-generated mobile content and social networking communities. IIMG is

a division of IDT

Corporation (NYSE: IDT, IDT.C), a multinational company with

operations that span various industries.


Overture Films develops,

produces, acquires, and distributes feature-length, theatrical motion

pictures worldwide. The studio is an operating unit of Starz, LLC, which

in turn is a wholly owned subsidiary of Liberty Media Corporation that

is attributed to Liberty Capital Corp. Its affiliated companies, Anchor

Bay Entertainment and Starz Entertainment, make the films available

domestically to viewers via home video, premium television, Internet and

other outlets.

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.All

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.