London UK & Newark, NJ March 4, 2004 -??” IDT Europe and Connect Spot today announced the launch of simplifi the world’s first prepaid rechargeable voice and data service on a single account with a single PIN. Initially the service will be provided via the simplifi website at www.idt-simplifi.com with cards available from leading European outlets soon. IDT Europe is a major global provider of prepaid phone cards. Connect Spot is a Wireless Internet Service Provider and systems integrator.

Business travellers can use simplifi to keep in touch with family, friends, and the office while on the move. Each simplifi account provides low cost voice access to almost anywhere in the world and remote data access from over 10,000 global public Wi-Fi hotspots. Simplifi customers can connect to the internet through dial-up, fixed broadband or high-speed wireless from one account.

???With simplifi, companies pay less for mobile connectivity while providing employees with a more convenient way to stay in touch and access the internet,??� said Marc Bodner, Managing Director of IDT Europe ???Simplifi brings two services – voice and data together on one account. You only pay for what you use ??” the simplifi solution charges by the minute.??�

???This is an exciting development for the customer ??” at last they have global access to voice and data in one cost-effective solution with a single account??� said Mark Carter, Connect Spot co-founder.

The business traveller can use simplifi at work or at leisure, to connect with their world via the internet, wherever they are, whenever they want, seamlessly and without effort. Once the simplifi software is downloaded and the account is activated customers can log on from wherever they are. They can stay connected using a fixed line at a hotel or stay in touch without wires at an airport or caf??, without high phone bills, without worries.

Simplifi, a pre-paid rechargeable service accessible online, will soon be available as a retail card as well. The voice service can be used in 20 countries, allowing low-cost calls to almost anywhere in the world.

The data service ??” fixed and wireless – is available in 150 countries and is provided through the iPass worldwide network. The Hotspot Hotel Directory Service can be used to search for access points and Wi-Fi hotspots by location worldwide.

With simplifi users pay for the time they use ??” per-minute billing allows users to manage how long they are logged on for their voice and data calls. Users have a number of competitive pricing plans with simplifi depending on their access method and location.

About IDT Europe

IDT Europe is a division of IDT Telecom ??” a wholly-owned subsidiary of IDT Corporation, a leading carrier’s carrier and provider of retail telecommunications services. IDT’s listing on the New York Stock Exchange (NYSE: IDT.C, IDT) confirms its status as one of the industry’s premier long distance providers, and underlines its financial strength and staying power.

IDT Europe was formed in 1988 with a presence in many European countries. Headquartered in London with operations in the Netherlands, Belgium, Ireland, Germany, Spain, Portugal, France, Italy, Switzerland and Scandinavia, IDT Europe has previously concentrated its expertise in two main product categories: retail prepaid calling cards and wholesale carrier services.

About IDT Corporation

IDT Corporation, through its IDT Telecom subsidiary is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Media is the IDT subsidiary principally responsible for the Company’s initiatives in radio broadcasting, brochure distribution and new video technologies. Winstar Holdings, LLC, which provides service under the IDT Solutions brand, is the IDT subsidiary focused on providing broadband and telephony services to commercial and governmental customers through a fixed-wireless and fiber infrastructure. Net2Phone, Inc., a subsidiary of IDT Corporation, is

a leading provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers. Liberty Media Corporation holds a 5% stake in IDT Telecom and also owns 5.6% stakes in IDT Entertainment and IDT Media.

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.

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which 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. While these forward-looking statements represent IDT’s current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in IDT’s most recent report on SEC Form 10-K (under the heading ???Management’s Discussion and Analysis of Financial Condition and Results of Operations??�), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings

For more information please go to www.idteurope.com

About Connect Spot

Connect Spot, based in London, is a Wireless Internet Service Provider and Systems Integrator that provides on-campus wireless solutions for the corporate market enabling true mobility within the corporate environment. Connect Spot enables access to all corporate on-line systems and services wherever you are. Access is also available on-campus to suppliers and clients who may need to access back office systems whilst on site. Access to the Internet on the move is enabled by a single global iPass membership that allows traveling executives to access the Internet regardless of location in all major Cities in North America, Europe and Asia Pacific. Hotspot Hotel is the Hotspot Directory. Hotspot Hotel is the premier worldwide directory for executives looking for business standard connectivity. Whether it is Wireless or Wired Broadband, in a coffee shop in Sydney, a five star hotel in Dubai or an airport lounge in Barcelona, HotSpot Hotel is the directory for mobile executives listing all the best places to connect.

For more information please go to www.connect-spot.com

For further information please contact:

Bill Boyle

WHB Communications

+44 (0) 20 8504 7672

+44 (0) 7764 786488

bill@whbcommunications.com