IDT.C Idt Corp. CL C

Net2Phone, the VoIP pioneer, is lowering prices on VoiceLine, its flagship residential broadband phone service. Now for a flat rate of just $19 a month, VoiceLine provides consumers with unlimited local and long distance calling within the U.S., Canada and Puerto Rico, plus caller ID, call waiting, voicemail and other popular calling features. Consumers who make international calls can add unlimited calling to more than 60 countries for an additional $15 a month with VoiceLine�s Unlimited World option. Major destinations included in this feature are: Argentina, Brazil, China, Japan, Ireland, Italy, Peru, Spain and the United Kingdom. Net2Phone is waiving all activation, equipment and shipping charges to save consumers from having to pay any up-front fees. Many other VoIP providers charge initial activation and shipping fees of $30 to $45. �In these tough economic times, consumers can find significant savings by switching to broadband phone service, or VoIP. Our $19 plan compares to a $55 to $65 a month comparable calling plan offered by AT&T and Verizon,� said Liore Alroy, the new CEO of IDT Telecom. �That�s nearly a tank of gas a month in real savings.� Consumers looking to save with VoiceLine can request that Net2Phone transfer their current phone number to VoiceLine at no additional charge. Net2Phone has been providing reliable VoIP calling services since 1996. Net2Phone is a subsidiary of IDT Corporation (NYSE: IDT). For more information about and to switch to VoiceLine, please visit http://voiceline.net2phone.com/. About IDT Corporation: IDT Corporation is an innovative and opportunity seeking multinational holding company with operations that span several industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT Energy operates an Energy Services Company (ESCO) in New York State. IDT subsidiary American Shale Oil Corporation (AMSO) manages IDT�s oil shale ventures. IDT's Capital division incubates newer businesses, and the Company's Spectrum subsidiary holds its spectrum license assets. IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the Company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital's operations include receivables portfolio management and collection, brochure distribution, Internet Mobile Group, Net2Phone Ventures and other initiatives. IDT Corporation's Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively. 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.