ITXC Receives Internet Telephony Magazine's Innovation Award 2000 for Contributions to the Internet Telephony Industry; Network Size and Multi-Vendor Support Cited by Editors

Business Wire, July 7, 2000

Business Editors/Hi-Tech Writers

PRINCETON, N.J.--(BUSINESS WIRE)--July 7, 2000

ITXC Corp(R) (NASDAQ: ITXC), the world's largest Internet telephony carrier, reported today that it is pleased to be a recipient of Internet Telephony magazine's TMC Labs Innovation 2000 Award.

According to the editors in the July 2000 issue of Internet Telephony magazine: "With this award, TMC Labs recognizes ITXC's contribution to the Internet telephony industry. ITXC is the largest Internet telephony Service Provider (ITSP) and is renowned for building its global network - ITXC.net, in which gateways from two different companies can exchange calls." ITXC.net(TM) now includes equipment from Cisco, Clarent, Lucent, and VocalTec.

"The decision to support multiple vendors prior to full industry interoperability was not an easy one," according to ITXC Chairman and CEO Tom Evslin. "But it has paid off in having ITXC.net with its 258 PoPs in 151 cities in 60 countries being at least twice as large as the network of our nearest competitor. We are able to support the gateways our carrier affiliates choose. We are able to pick the right gateway for each combination of analog and digital signaling needs, SS7 connectivity, local support, and price."

The editors explained the new award as "TMC's most prestigious award" given to 20 companies who have made "the most important contributions to the Internet telephony industry within the past 12 months." The award was also given because ITXC is "heavily involved with the iNOW! consortium and are a major part of the industry's interoperability and convergence push." ITXC, along with Lucent and VocalTec, founded the iNOW! effort in the Spring of 1998; most major vendors are now committed to iNOW! interoperability and iNOW! has become an official activity group of the IMTC which is currently chaired by ITXC Development Director Jim Yu.

About ITXC Corp:

ITXC Corp (www.itxc.com) is the service providers' service provider for voice on the Internet.

ITXC WWeXchange Service(R) provides phone-to-phone wholesale call completion for carriers and resellers and has been chosen by thirteen out of the top fourteen U.S. facilities-based international carriers, leading European competitive carriers, and twelve PTTs worldwide to complete their customers' calls.

ITXC webtalkNOW! Service(SM) enables portals, ISPs, and communications web sites to offer PC-to-phone calling to their customers under their own brands. Both services provide high quality over the public Internet by routing calls on ITXC.net, which is the largest Internet telephony network in the world with 258 points of presence in over 151 cities and 60 countries.

Announced carrier affiliates include Ameritech, Bell Atlantic, China Telecom, Gambia Telecommunications Company, Interoute, Justice, Korea Telecom, and Telstra. There are already more than ten announced and unannounced wholesale customers for webTALKNOW!.

Forward looking statements: ITXC may not meet the projections reflected in its forward looking statements due to numerous risks and uncertainties, including, among other factors, the volatile and competitive environment for Internet telephony, changes in domestic and foreign economic, market and regulatory conditions and other risks detailed in ITXC's reports filed from time to time with the SEC.

ITXC Corp and WWeXchange are registered trademarks. ITXC.net, BestValue Routing, and ITXC webtalkNOW! are trademarks and service marks of ITXC Corp. All other trademarks mentioned in this document are the property of their respective owners.