IDT Unveils Full-Duplex Version of Net2Phone
Net2Phone 5.02 offers improved sound quality and live two-way calling from PCs to telephones over the Internet

Hackensack, NJ -- November 8, 1996 --IDT Corporation (NASDAQ: IDTC) released the full-duplex beta version of Net2Phone today, enabling all Internet users to call any telephone worldwide from their multimedia PCs at dramatically lower costs than standard long distance calls. The full-duplex version allows users to conduct two-way simultaneous real-time conversations.

Net2Phone delivers a real-time, business quality, full-duplex, encrypted, communication system with point-to-point connectivity. Using Net2Phone, a call from overseas to anywhere in the United States will cost as little as 10 cents a minute compared to the average $2.00 a minute charged by standard long distance carriers. This dramatic cost savings is possible because Net2Phone allows voice data to be carried over the Internet's packet switch network until it reaches IDT's U.S. telephone infrastructure. There the signal is converted to the circuit switch network used by telephones, enabling the signal to be received by any phone worldwide.

The full-duplex of Net2Phone also introduces a unique set of features including 10 programmable speed-dial numbers and call duration which tracks amount of time spent on each call. Net2Phone offers unique solutions as most telephony products require identical software with two PCs or specialized gateway servers for PC to telephone communications.
"The full-duplex version of Net2Phone places us leaps ahead of other Internet telephony products," said Howard Jonas, IDT's Chief Executive Officer. "By combining IDT's extensive experience in telecommunications and Internet, IDT has become a market leader in Internet telephony and a leader at using packet-switch technology for voice communications."

Businesses with US toll-free numbers can expand their base of potential customers globally because those numbers can be accessed toll-free internationally through Net2Phone. The beta version released today is available free and can be downloaded off the Net2Phone home page at http://www.net2phone.com.

IDT Corporation

IDT Corporation is a leading full service telecommunications company offering integrated and bundled telephone, Internet access, and Internet telephony services. The Company provides global long distance telephone services in 120 countries for individuals, businesses, and other long distance carriers. IDT is also one of the country's largest Internet service companies, providing dial-up access to individuals and dedicated access to corporate customers nationwide. The Company recently announced plans to release Net2Phone Direct, which will enable users to place calls via the Internet using traditional telephones while still maintaining high sound quality.