IDT Europe - Corporate - Press Releases

NEWARK, N.J. - August 30, 2000 - IDT Corporation (NASDAQ: IDTC) today announced that FreeAtLast.com, its new communications service offering unlimited Internet access, faxing, e-mail and Internet phone calls, completely free of charge, is teaming up with Sandbox.com, a leading provider of interactive sports and entertainment games, to double the winning jackpot in Sandbox.com's "Sand Lotto" sweepstakes. IDT is a leading multinational carrier, telephone company and Internet service provider.

The promotion kicks-off today, August 30th, and will run through September 30th, 2000. As the current official sponsor of Sandbox.com's Sand Lotto game, FreeAtLast.com will double the winnings of the Sand Lotto Jackpot from $1 million to $2 million to anyone who plays and wins Sand Lotto over the FreeAtLast.com Web site during the dates that the promotion is active.

"FreeAtLast.com was already one of the most terrific offers available on the Internet," said Howard Jonas, IDT's Chairman and CEO. "Now not only do FreeAtLast.com users have access to free and unlimited Internet access, e-mailing, faxing, and Internet phone calls, they have the chance to win $2 million by playing Sand Lotto, one of the leading interactive games on the Net, without ever having to pay a cent."

The FreeAtLast.com Sand Lotto offer will be promoted in a number of ways, including direct e-mail announcements to Sandbox.com's 4 million registered members. FreeAtLast.com banners will also be extensively displayed across Sandbox's network of interactive gaming sites, and a "brought to you by FreeAtLast.com" message will appear on every Web page in the Sand Lotto game site. Any additional $1 million payouts made to winners of the Sand Lotto jackpot played through FreeAtLast.com will be paid by a third-party insurance provider, retained by Sandbox.com, at FreeAtLast.com's expense.

"This is just another creative and exciting way IDT's FreeAtLast.com is bringing added value to its rapidly growing base of registered users," said Jim Courter, President of IDT. "We are confident our promotion with Sandbox.com, one of the most popular interactive gaming sites on the Internet, will help strengthen the visibility of FreeAtLast.com and attract many new users to this unique, and completely free, communications service."

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, pre-paid calling cards, Internet access and Digital Subscriber Line (DSL) service. The Company's Ventures division is developing several innovative telecom and Internet related businesses.

Sandbox.com is a leading interactive sports and entertainment company with over 50 free games, including fantasy sports, sweepstakes, trivia, financial, arcade and play-for-fun casino games. Sandbox.com maintains a community of over four million registered members. A combination of creative content, an incentive-based marketing program and leading-edge technologies allows Sandbox to generate high volumes of Web site traffic; build loyal user communities; and develop innovative Internet promotion platforms. Media Metrix recently ranked Sandbox 15th among digital properties and Web sites in terms of duration or 'stickiness,' which measures time spent per unique user per month. Sandbox.com maintains strategic relationships with CNNSI.com, Go2Net, theglobe.com, Juno, Snowball.com and USATODAY.com as well as licensing agreements with the NFLPA, NHLPA and MLBPA.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Quarterly Report on Form 10Q for the period ended April 30, 2000; and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward looking statements.

Jim Keplesky
EVP Sandbox.com
(212) 201-9801

For IDT Investor Relations inquiries or to be added or taken off the fax list contact:

Mary Jennings
IDT Investor Relations
(201) 928-2975