Hackensack, NJ - February 3, 2000 -- Consumers spent billions of dollars on Valentine's Day items for their sweethearts last year. Not for much longer.

Now those people, and everyone else, can cut their expenses through free domestic calling using Net2Phone Direct, Net2Phone's (NASDAQ: NTOP) Internet-based phone card all day on Valentine's Day, February 14th.

Users can sign up through the Net2Phone Direct web site at www.net2phonedirect.com or call 877-638-2746. Upon initial $25.00 purchase, users will qualify for the free Valentine's Day promotion. Current Net2Phone Direct customers can call 877-627-4663 and take advantage of the free calling.

"With our new promotion, there is no need to rush out to the florist on Valentine's Day to show how much you miss someone. Now you can just call them for free," said Jonathan Fram, President of Net2Phone.

Net2Phone Direct users call a toll-free or local number, which connects the call to a local gateway, which digitizes the caller's voice and puts it onto Net2Phone's IP backbone. The system then prompts the user to enter their account number and the telephone number they wish to reach. The call is carried over the Internet to another gateway located close to the recipient's area, which switches the call onto the local telephone network, and completes the call -- all within seconds. Net2Phone Direct is currently available in the U.S., United Kingdom, Germany, Canada, and France.

Net2Phone is a leading provider of voice-enhanced Internet communications services to individuals and businesses worldwide. Net2Phone enables people to place low-cost high quality calls from their computer, telephone, or fax machine to any telephone or fax machine in the world. Net2Phone develops and markets technology and services for IP voice and e-commerce solutions for the web and other IP networks. For more information about Net2Phone's products and services, please visit www.net2phone.com.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements, include, but are not limited to, the competitive environment for Internet telephony, changes of rates of all related telco rates and services, legislation that may affect the Internet telephony industry, Net2Phone's ability to operate the services described on a large scale commercial level. For additional information regarding these and other risks associated with the company's business refer to the company's filings with the SEC.