Scott Andersen brings 20 years of experience in general management, sales, and marketing leadership in the technology industry. He will be responsible for all aspects of the company's worldwide sales strategy.

Andersen has extensive experience in building and directing profitable organizations. Before joining Net2Phone, Andersen was CEO and Co-Chairman of Exist Corporation, an eMarket solution provider and ASP, enabling clients to conduct e-commerce and collaboration online. While at Exist, he created its go-to-market strategy, re-engineered operations, and implemented new sales channels. Prior to that, Andersen was Senior Operating Executive at MCI Systemhouse, Inc. where he directly managed 350 employees and increased revenues from $10 million to $100 million in one year while improving operating earnings by 400%. Andersen also brings over 13 years of experience from Andersen Consulting in selling and implementing enterprise-wide solutions for Global 500 clients.

Glenn Williams, who has been the General Counsel and Secretary for Net2Phone since October 1999, played a key role in some of the Company's major success stories of the past year, including AT&T, AOL, Yahoo and Microsoft. In his new role as Executive Vice President of Business and Legal Affairs, the Company will leverage Williams' 15 plus years of legal and business experience to further advance the profitable growth of the Company. He will focus on major business transactions, domestic and international corporate planning, and will be the key liaison between the legal department and the Company's business units and subsidiaries worldwide. Williams will also continue to serve as corporate Secretary.

Bruce Shoulson has spent the past 35 years at Lowenstein Sandler PC, a New Jersey-based law firm, and has been a partner/director since 1970. Shoulson's expertise lies in Mergers and Acquisitions and General Corporate Law. In his role at Net2Phone, Shoulson will lead and manage the Net2Phone legal department and will provide guidance to management. Brian Haimm joined Net2Phone in February 2000, and was instrumental in the formal creation of ADIR Technologies and Cisco's investment in this Net2Phone subsidiary. Prior to that, Haimm was a vice president in Sakura Bank's Mergers and Acquisitions group. Before Sakura, Haimm was a Senior Financial Analyst at SOFTBANK/Ziff-Davis. In his new position, Haimm is responsible for managing and optimizing the financial and strategic return on the company's investments and other business relationships. Haimm will also explore and evaluate strategic opportunities, including acquisitions, investments and other strategic alliances to expand Net2Phone's capabilities in next generation communications over IP networks.

"We are very pleased to welcome Scott Andersen and Bruce Shoulson to our organization. Their expertise will significantly enhance our sales and legal capabilities to attract new customers and further support our growing business," said Howie Balter, Chief Executive Officer of Net2Phone. "We believe that Glenn Williams' and Brian Haimm's new positions will streamline the company's business, strategic and legal initiatives to maximize opportunities between all segments of the company."

Net2Phone, Inc delivers voice and enhanced services over IP networks worldwide. Net2Phone enables people to place low-cost high quality calls from their computer, telephone, or fax machine to any telephone or fax machine in the world. Net2Phone develops and markets technology and services for IP voice and e-commerce solutions for the web and other IP networks. Net2Phone's strategic investors include Softbank, America Online, GE/NBC, and Yahoo!. Additionally, AT&T has acquired a 39 percent voting stake in Net2Phone. For more information about Net2Phone's products and services, please visit www.net2phone.com.