Newark, NJ -- September 6, 2001 -- Net2Phone, Inc (NASDAQ: NTOP), a leading provider of voice and enhanced services to IP networks, has entered into a relationship with MacroVoice Networks Inc., a leading multi-national manufacturer of voice processing systems and telephony products.

Net2Phone's Business Connections product line is a family of state of the art, turnkey hardware/software/service solutions that work with existing LANs or broadband environments to ensure high-quality calling worldwide. The products offer multiple, simultaneous low cost telephone calls and faxes, plus VoIP features such as remote-dial-in, call-forwarding and real-time account management. The current product line includes the single-port IP Phone, the Max 8/16 allowing up to 16 simultaneous calls, and the Max T-1/E-1 which provides up to 24/30 simultaneous calls. The products can work as stand-alone analog devices, or in conjunction with any PBX or digital telephone system, enhancing the existing corporate infrastructure.

"Working with MacroVoice, Net2Phone can offer high-value, scalable solutions for the corporate customer, whether it be a small enterprise or a multi-national conglomerate," said Yonah Lloyd, Vice President of Business Development for Net2Phone. "Businesses of all sizes can now enjoy the cost savings and enhanced features of VoIP technology using Net2Phone's newest products and services."

Working in conjunction with any legacy PBX or with MacroVoice Networks' NCS, next generation IP-PBX that converges separate voice and data switching equipment in corporate networks into one platform, businesses can easily utilize Net2Phone's Business Connections products. MacroVoice's worldwide network of 4,000 resellers will be offering the MacroVoice and Net2Phone Business Connections product line in 42 countries around the globe.

"MacroVoice has built its reputation for supplying the most robust product solutions in the market today and our partnership with Net2Phone allows our customers to take advantage of these solutions now," said Jose Ferrer, Executive Vice President of Sales and Chief Marketing Officer for Macrovoice Networks. "The MacroVoice and Net2Phone partnership clearly leverages VoIP technology for both enhanced functionality and cost-effectiveness."

MacroVoice Networks is a leading worldwide manufacturer and supplier of telephony solutions and voice processing systems. These advanced platforms integrate more than eighty of the most technologically advanced computer telephony features available today to provide messaging technologies capable of significantly increasing productivity and improving the quality of corporate communications.

ABOUT NET2PHONE
Founded in 1995, Net2Phone is a leading provider of voice and enhanced services over IP networks to consumers, businesses and carriers worldwide. With millions of users around the world, Net2Phone enables toll-quality calls between computers, telephones, and broadband devices utilizing IP networks. Recognized as the first company to bridge the Internet with the public switched telephone network, Net2Phone has routed more than 1.5 billion minutes of traffic over its award-winning network. Traded on the NASDAQ under the symbol NTOP, Net2Phone's strategic partners and investors include AT&T, America Online, and Yahoo!. Net2Phone also offers enhanced hosted service solutions, including voice recognition, for businesses around the world. For more information about Net2Phone's products and services, please visit www.net2phone.com.