NEWARK, N.J. - May 2, 2000 - IDT Corporation (NASDAQ: IDTC) today announced the launch of FreeAtLast.com, a ground-breaking new communications service that provides users with unlimited, unrestricted Internet access, e-mailing and PC-to-PC calling, completely free of charge. IDT Corporation is a leading multinational telecommunications carrier, telephone company and Internet Service Provider.

"IDT has ignited a revolution in the communications industry," declared Howard Jonas, IDT's Chairman and CEO. "The way people access information and communicate with one another is being completely overhauled. Just as radio and broadcast Television are free public services, IDT believes the Internet should be free as well. With FreeAtLast.com you pay zero, zip, nothing, zilch, for access to the Web. And we go one step further by throwing in totally free Internet phone calls in the package."

"With the launch of FreeAtLast.com, IDT is fulfilling its mission of delivering a full suite of free communications tools to everyone with a computer," added Michael Packer, Vice President of FreeAtLast.com

FreeAtLast.com is being rolled out in most markets in the United States. Subscribers to the service receive free, unlimited Internet Access, 24 hours a day, 7 days a week, as well as free e-mail and free PC-to-PC Internet phone calls. FreeAtLast.com subscribers - who receive access to rich media content including news, weather, sports, entertainment, financial information, etc. - can also create a completely personalized Home Page, customized to the user's specifications.

While FreeAtLast.com is advertiser supported, similar to other no-fee ISP's, IDT's model clearly distinguishes its service from its competitors. FreeAtLast.com delivers advertising and other promotional content in an unobtrusive manner. Other free online services typically bombard a user's screen with constantly flashing banner ads and other distracting displays. FreeAtLast.com has eliminated this problem through the use of technology that delivers precision targeted advertising to each user based on their unique demographics and content affinities. This means the user is only exposed to advertising and content that will be of interest to them.

FreeAtLast.com also guarantees that it will adhere to the highest standards of privacy for every user that subscribes to the service. Every subscriber's identity remains anonymous, and no user data is ever collected, stored, or sold to third parties.

"Respecting the privacy of our customers is paramount for IDT and one of our guiding principles," continued Howard Jonas. "We believe no one should have to worry about their personal information and Web surfing habits being collected or sold to marketers."

IDT believes that its years of experience in the Internet industry gives it the technical expertise and competitive edge needed to succeed in the free ISP marketplace. In addition to its position as a Tier 1 Internet provider with its own national fiber optic backbone, IDT is also a leading telecommunications carrier, enabling it to provide its customers with connections and service of the highest quality and reliability.

"There are literally thousands of ISP's out there today," said Jim Courter, President of IDT. "What separates IDT from the rest is our long history in the industry and our proven track record of delivering high quality, reliable Internet access. We are confident IDT has the resources, experience and expertise needed to make our free IPS model a long-term success."

To register for the service and/or to obtain more information, customers can go directly to the Web site at FreeAtLast.com or call 1- 877-4-ITS-FREE (1-877-448-7373).

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 telecommunications backbone and network infrastructure IDT provides its customers with integrated and competitively priced international and domestic long distance telephony, prepaid calling cards, Internet access and Digital Subscriber Line (DSL) service. The Company's Ventures business is developing several innovative telecom and Internet related businesses.

Sandy Berger
Rubenstein Associates, Inc.
(212) 843-8036

Investors wanting to be taken off or added to the fax list, please contact:
Mary Jennings
Investor Relations
(201) 928-5974