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Zedge Tops Five Million Subscribers; Popular Social Community and Free Mobile Content Provider Increases its Subscriber Base

NEWARK, N.J.—July 12, 2007–IDT Internet Mobile Group (IMG) announced today that www.zedge.net, its online social community for mobile users and user generated free mobile content provider, has now topped five million registered users.

The site hosts a wealth of complimentary content for mobile phones, with over 250 million pieces of content already downloaded. Zedgers generate, upload, download or view and share wallpaper, themes, videos, ringtones, games and other free mobile content. Zedge also hosts a robust social community and its own blog, zedgeheadz (http://blog.zedge.net), focusing on the world of mobile content.

 
According to research firm ABI Research, mobile social communities are expected to more than triple their current scope of approximately 50 million members to reach 174 million members by the year 2011.
“In a short time, we’ve doubled the Zedge subscriber base,” said Moshe Berger, CEO of the IDT Internet Mobile Group. “Today’s mobile users are attracted to features that allow them to personalize their phones and want to share the experience and content with friends and fellow Zedgers. Fueled by this social and business phenomenon, Zedge is intent on becoming the worldwide destination for content and community on the web and on mobile devices.”
 
About IDT Internet Mobile Group (IMG)
IDT Internet Mobile Group is part of IDT Corporation (NYSE: IDT, IDT.C), a multinational company with operations in telecommunications and other industries. IMG acquired Zedge in December, 2006.
 
About IDT Corporation
IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets. IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, receivables portfolio management and collection, ethnic food distribution, brochure distribution and other initiatives. 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.