The companies also announced today that Net2Phone plans to utilize Netscape's line of e-commerce software to serve as the engine for future Net2Phone e-commerce solutions including Click2Talk, Click2Call Me, easysurf.com and the Net2Phone Web site.

"The implications of this partnership are tremendously powerful in that it distinguishes our Internet browser by bridging the gap between the Internet and the conventional phone system," said Mike Homer executive vice president and general manager of Netscape's Netcenter division. "Net2Phone has the potential to voice-enable the World Wide Web and brings powerful PC-to-phone services to our Netcenter and Netscape Communicator customers."

"We believe the future of telephony is linked to the Internet. By providing integration of PC-to-phone with one of the top leaders in the industry, Net2Phone will further establish itself as the premier provider of Web-based communications," said Howie Balter, chief executive officer of Net2Phone. "Our partnership with Netscape provides significant value to the Web experience."

The powerful combination of Netscape Communicator, Net2Phone and the Netscape Netcenter portal will offer consumers a convenient and low cost way to keep in touch with friends, family and business associates. By incorporating Net2Phone into Netscape's suite of services, Web users with one phone line can place phone calls and surf the Web at the same time. In addition, because calls are placed directly through the Internet, consumers will realize substantial savings of up to 95 percent. Net2Phone will be fully integrated into Netcenter with premier positioning in Netscape Contact and in the SmartUpdate and the Browser Plug-ins pages.

"We believe that Net2Phone is a leading technology provider in the IP telephony space," said Marc Andreessen chief technology officer at Netscape. "We are looking forward to the technology benefits that this strategic relationship brings to Netscape."

"This is a tangible win-win for both parties. It is a significant endorsement of IDT's technology, as well as its network, and places Net2Phone directly on millions of desktops," said Hilary Mine, executive vice president of Probe Research. "Equally important, it provides Netscape with the competitive advantage of an immediate, operable and global IP telephony solution."

As the leading provider of Internet telephony (Frost & Sullivan, May 1998), Net2Phone has routed millions of calls from computers to telephones around the world, enabling users to use the Web as a full service communications tool. Introduced in 1996, Net2Phone was the first service to bridge the Internet with the public switched telephone network. Net2Phone's myriad of services have become a communications option for individuals and businesses worldwide.

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, Click2Talk, and easysurf.com. For more information about IDT's Internet telephony services, please visit www.net2phone.com.

Netscape Netcenter is Netscape's leading portal site that provides users with a home base on the Internet. From Netcenter, users can navigate the Internet, access a broad range of consumer and business content and services, and communicate with others online. The site includes eighteen content channels, a set of leading-edge services including the new Netscape-branded Search, Netscape Contact, Netscape SmartUpdate, Software Download, Member Directory, My Netscape personalization service and WebMail.

Netscape Communications Corporation is a leading provider of software and services for businesses that want to transform the way they create and keep customers in the emerging Net Economy. The company offers a full line of enterprise software solutions, professional services, and a leading Internet portal to help companies build, buy, or outsource Internet applications that drive revenue growth, build customer loyalty, and create new levels of business efficiency. Traded on NASDAQ under the symbol NSCP, Netscape Communications Corporation is based in Mountain View, California.

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Additional information on Netscape Communications Corporation is available on the Internet at http://home.netscape.com, by sending email to info@netscape.com, or by calling corporate sales at 650/937-2555.

Netscape, Netscape Navigator, Netscape Certificate Server, Netscape ONE, SuiteSpot and the Netscape N and Ship's Wheel logos are registered trademarks of Netscape Communications Corporation in the United States and other countries. Other Netscape logos, product names, and service names are also trademarks of Netscape Communications Corporation, which may be registered in other countries. Other product and brand names are trademarks of their respective owners.

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

Sarah Hofstetter
Vice President, Corporate Communications
IDT Corporation
201-928-2882