Hackensack, N.J.-- March 10, 1998 -- In honor of the 122nd anniversary of the first telephone call, which was placed on March 10, 1876, IDT Corporation (NASDAQ: IDTC) today announced that it is giving away a free 3-minute Net2Phone Direct telephone call over the Internet. No computer is necessary to take advantage of this offer: Like Watson and Bell, all you need is a regular telephone. To get your free Net2Phone Direct call, please call 1-888-380-6845.

With Net2Phone Direct, calls to anywhere in the U.S. cost as little as 5 cents per minute because they are routed over the Internet. Quality is insured because calls are sent over IDT 's extensive DS3 backbone. International rates are also incredibly low - as little as 9 cents per minute.

Some sample rates: London: 9 cents Sydney: 10 cents Bonn: 10 cents Stockholm: 10 cents Lillehammer: 10 cents

"Even though the telephone has been around for 122 years, no one company has changed the way people perceive telecommunications in the past 10 years as much as IDT," said IDT's CEO Howard Jonas. "We have completely implemented our goal of providing unfettered low-cost telecommunications to the world, enabling anyone, regardless of location or socio-economic status, to place a telephone calls anywhere. Alexander Graham Bell would have been proud if he could have seen what we have done with his invention."

IDT is a leading emerging multinational carrier that combines its position as an international telecommunications operator, its experience as an Internet service provider and its leading position in Internet telephony to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. The Company provides its customers with integrated and competitively priced international and domestic long distance, Internet access and, through its Net2Phone product offerings, Internet telephony services.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements, include, but are not limited to, the competitive enviro.ment for Internet telephony, changes of rates of all related telco rates and services, legislation that may affect the Internet Telephony industry, IDT 's ability to operate the services described on a large scale commercial level. For additional information regarding these and other risks associated with the Company's business refer to the Company's reports filed with the SEC.