Hackensack, NJ -- December 2, 1998 - IDT's (NASDAQ: IDTC) Net2Phone today unveiled its completely redesigned version of Net2Phone, the first PC-to-phone service. The new 32-bit version, called Net2Phone 9.0, downloads 30% faster than previous version, installs considerably more quickly than its predecessor, and takes up less space in the computer.

New features of Net2Phone 9.0 include:

• New compact graphical user interface
• Ability to push web pages from customer service center
• Full multilingual integration, supporting seven languages
• Up to 100 programmable speed-dial
• Ability to store Net2Phone in system tray for faster start-up
• Faster performance
• Volume-control
• Ability to recharge their Net2Phone account directly from the client
  (Previously, users were only able to check the status of their account in from the client, but had to re-charge their account on the web site. Now there is no need to open a browser to recharge. The web site can now be used to retrieve call history.)
  

Additionally, Net2Phone 9.0 enables improved speech quality and a
streamlined user interface with a cell phone-like appearance. Until now,
Net2Phone was only available in a 16-bit version, restricting new
developments and flexibility within the application. For example, now call
centers (including the Net2Phone customer support center) will be able to
push web pages to the client in order to facilitate easier e-commerce and
call center support.

 

"This new platform enables Net2Phone to further improve the quality of IP
Telephony. The addition of exciting and powerful new functionality as well
as the overall friendliness of our implementation, will assure that
Net2Phone will be on every busy user's desktop," said David Greenblatt,
Chief Operating Officer of Net2Phone.

 

Net2Phone is IDT's pioneer Internet telephony product, enabling computer
users around the world to place telephone calls over the Internet to any
telephone around the world at significantly reduced rates. Introduced first
in July 1996, more than 1,000,000 users have placed telephone calls using
IDT's proprietary PC-to-phone technology. Companies such as IBM Global
Services (NYSE: IBM), Yahoo! (NASDAQ: YHOO), Excite (NASDAQ: XCIT), and Creative Labs (NASDAQ: CREAF) either bundle or resell Net2Phone PC services to their customer base. Users can download Net2Phone PC free at http://www.net2phone.com.

 

IDT is a leading emerging multinational carrier that combines its position
as an international telecommunications operator, its experience as an
Internet service provider and its leading position in Internet telephony to
provide a broad range of telecommunications services to its wholesale and
retail customers worldwide. The company provides its customers with
integrated and competitively priced international and domestic long
distance, pre-paid calling cards, Internet access and, through its Net2Phone product offerings, Internet telephony services including Net2Phone Direct, Net2Fax, and Click2Talk. For more information about IDT's Internet telephony services, please visit http://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, IDT '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 reports filed with the SEC.