March 8, 2001 - Please join us for the IDT Corp. (NYSE: IDT) second quarter conference call when we report results for the quarter-ended January 31, 2001. We will also discuss forward-looking topics, such as the outlook for results in future quarters.

Our conference call is scheduled for Monday, March 19th, at 5:00 PM (EST). An earnings release will be available prior to the call.

We are pleased to offer two ways to participate in the conference call -- via teleconference or webcast. You may access the webcast of our call by visiting the IDT Corp. website (http://www.idt.net). A direct link to the call can be found on the front page of the website before the call, and under the Investor Relations tab afterwards. You will need RealAudio software to listen to the streaming feed of the conference call. Please allow at least 15 minutes to download any necessary audio software prior to the call.

If you choose to participate via telephone, the dial-in number is 1-800-446-2782 for domestic US callers, and 1-847-413-3235 for international callers. No passcode is required. Should you miss the call, you may access an archived copy of the call at the IDT website, or via a replay at 1-888-843-8996 or 1-630-652-3044 -- passcode #3685453. The teleconference replay will be available for one week after the conference call.

We look forward to your participation.

IDT is a leading facilities-based, multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet service provider to provide a broad range of telecommunications services to its wholesale and retail customers worldwide.

Through its own national telecommunications backbone and fiber optic network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance telephony, prepaid calling cards and digital subscriber line (DSL) service. The Company's Ventures division is developing several innovative telecom and Internet related businesses. Through its IDT Investments subsidiary, IDT has equity interests in several telecom and Internet-related companies.

Mary Jennings
Manager, Investor Relations
(973) 438-3124