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Zedge Unveils Text Content Library

TxTs Platform Expected to Host the
World’s Largest Archive of Mobile Text Content

Zedge (,
a leading global destination for free user-generated mobile content,
today unveiled its new TxTs platform. The TxTs platform allows Zedge
users to access what could soon become the world’s largest library of
text generated by mobile device users.

In the TxTs archive, Zedge users will be able find and share jokes,
quotes, “flirts,” and much more. Using their mobile handset, Zedge users
can browse through the hilarious, the poetic, the romantic and the
sublime. Everything on Zedge is user-generated and can be shared.

“Zedge is one of the largest mobile-centric social networking
communities in the world, because it is the best way to customize your
mobile device and communications to reflect your personal style,” said
Moshe Berger, CEO of Zedge. “Now we are adding another exciting and fun
way to use your mobile device. Uploading and sharing text is the most
user-friendly medium yet,” added Berger.

About Zedge

Zedge is a leading destination for free user-generated mobile content in
the world with more than 12-million registered users in 215 countries.
In addition to an extensive library of free user generated wallpapers,
themes, ringtones, videos, texts and games, Zedge offers users a
continually expanding range of free tools, applications and widgets for
users to download, create and upload their own content. Zedge also
offers third party content owners the tools to “mobilize” their content.
Zedge is a subsidiary of IDT

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.

Morris Berger, 973-438-4468
Investor Relations:
Bill Ulrey, 973-438-3838