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Payzone Retailers to Provide Three New IDT Europe International Phone Cards Exclusively

Payzone, a leading European consumer payments and cash distribution network, is pleased to announce it has signed an agreement with IDT Europe, the established provider of integrated and competitively priced telephony and prepaid calling card services.

Under the terms of the agreement Payzone will market and distribute three new IDT Europe international calling cards: CallZone, CallZone Europe and CallZone Africa. These calling cards will be Payzone branded and offered exclusively through the Payzone terminal network. Additionally, Payzone will also offer retailers on its network the opportunity to sell IDT Europe's successful flagship calling card "Just Crazy".

Calling cards enable consumers to make international calls at low rates using the calling card network. The CallZone Europe and CallZone Africa phone cards will offer highly competitive rates to those specific and popular geographies, providing a significant discount to many customers.

The three new calling cards will only be available for purchase via the Payzone retailer network, situated in over 30,000 locations across the UK. The cards can be loaded with different values ranging from ?2.50 - ?20, and can be recharged repeatedly, avoiding the need to purchase new cards.

Payzone's strong retail presence throughout the UK and the country's major metropolitan cities is ideal for companies seeking to target international communities. The new agreement with IDT Europe is the third Payzone has signed with a pre-paid air time telecom company in the last two months. Payzone expects this agreement will generate significant new transactions for retailers offering the calling cards.

Paul Charmatz, Managing Director of Payzone, said, "We are delighted to be the exclusive distributor of IDT Europe's new Payzone-branded calling cards. IDT Europe is at the leading edge of the calling card sector while Payzone's network of 30,000 retailers is ideally suited to target international communities throughout the UK. Pre-paid calling cards have been enjoying rapid growth in the UK. In London, almost 40% of the population is now estimated to be first generation migrants. We expect that this demographic will continue to grow the international prepaid calling card market in the mid and long terms."

Simon van Os, Director of Retail Operations of IDT Europe, said, "We are pleased to have secured Payzone as a distribution network. Its reach of retailers ideally supports this product set. The calling cards that we have created together will have a major impact on sales in niche ethnic market spaces. Payzone is an important partner for us and we expect that these new products will become market leaders."

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.

About Payzone:
Payzone is the new company formed from the merger of Alphyra Holdings Limited with Cardpoint plc. Payzone is one of the leading consumer payments and cash distribution networks in Europe. Listed on the AIM market of London Stock Exchange and headquartered in Dublin, it has operations in 21 countries across Europe, processing over 630 million transactions per year on behalf of its clients. These transactions have a yearly value of over EUR13 billion Euro and are handled electronically through the Payzone network of over 240,000 points of service (terminals, vending units and EPOS tills) at more than 170,000 retail locations across Europe. Payzone also operates approximately 6,000 ATM cash dispensers in the UK and Germany.

The Company offers a wide range of services including pre-paid mobile phone top-ups, energy pre-payments, bill payments, pre-paid Visa vouchers, local and housing authority payments, pre-paid Visa and MasterCard payment cards, payment vouchers for on-line shopping, gift card and loyalty programmes, transport ticketing, lottery games, parking and electronic road tolling, debit and credit card acceptance, contactless payment solutions and world-wide money transfer services. For further information visit www.payzoneplc.com

About IDT Europe:
For more information about IDT Corp. and IDT Europe please visit www.idteurope.com.

About IDT Corporation:
IDT Corporation (www.idt.net) is a consumer-focused multinational holding company. 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.

Enquiries:

Payzone
Paul Charmatz
07920 532 210

Temple Bar Advisory
Tom Allison
Nicola Flynn
020 7002 1080

IDT
Dennis Cowles
02070284012

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