International calls are now cheaper and easier

HACKENSACK, NJ and LONDON, UK - August 12, 1998 -- Phoning home - or anywhere else in the world for that matter - has never been easier. Excite
(NASDAQ: XCIT), the leading global Internet company, and IDT's (NASDAQ:
IDTC) Net2Phone division, today announced a two-year agreement to bring
Internet telephony to the desks of every Excite customer in the UK, Germany, France, Australia, Netherlands, Japan and Sweden.

Net2Phone enables Internet users to place calls to any telephone in the
world via the Internet, transforming multimedia computers into full service
communications tools. The Net2Phone icon will be seamlessly integrated
through many of Excite's channels giving customers a one-click access to
download the service, subscribe and then simply make calls anywhere in the world.

Recipients of the call need not be online as calls are routed directly to
traditional telephones. Because calls are placed through the Internet, phone
rates are not based on the country of origin, but on the low-cost pricing
structure set by IDT for the number being called. This results in cheaper
long-distance phone calls both nationally and internationally for users of
the Net2Phone service.

Excite is also planning on offering a click to dial service, by fully
incorporating Net2Phone into Excite's personalized directory. Users will be
able to look up a telephone number in their directory, and then
automatically call that person by clicking on the phone number.

"Excite's choice of IDT is both a validation and will reinforce IDT's strong
position in the international Internet telephony market. Excite has raised
the competitive bar again, and it is now clear that any company that hopes
to own the end user in the portal space needs to have a global Internet
telephony strategy," said Hilary Mine, Research Analyst at Probe Research.

Evan Rudowski, Excite's Director of European Operations, says, "This is
another excellent deal for Excite because it sees the introduction of more
value-added services for our consumer and business customers."

"The Excite relationship centers Net2Phone as the global leader in the IP
Telephony space," said Jonathan Reich, Vice President of business
development at IDT. "We believe that the product provides a significant
value to Excite's international customer base."

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, pre-paid calling cards, Internet access and, through its Net2Phone product offerings, Internet telephony services including Net2Phone Direct and Net2Fax.

Founded in 1994, Excite, Inc. is a global media company offering consumers a free online service with a simple front end to the Internet and extensive personalization capabilities, and advertisers the best one-to-one marketing services available online. The Excite Network consists of two of the largest brands on the Web, Excite and WebCrawler, and its subsidiaries; MatchLogic Inc., Excite Japan Co., Ltd. and Excite UK, Ltd. Localized versions of Excite are available in France, Germany, the UK, The Netherlands, Sweden, Japan and Australia. Based in Redwood City, Calif., Excite, Inc. has strategic relationships with America Online, Inc., Intuit Inc. (NASDAQ: INTU), Netscape Communications Corp. (NASDAQ: NSCP), Prodigy Internet and Tribune Company (NYSE: TRB).

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 environment 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.