ABC Television Network Orders IDT Entertainment's Masters of Science Fiction Series for 2006/2007 Broadcast Season; Series to Highlight Works from Acclaimed Science Fiction Authors

Business Wire, Feb 23, 2006

NEWARK, N.J. & LOS ANGELES -- The ABC Television Network has picked up IDT Entertainment's drama series MASTERS OF SCIENCE FICTION, which will feature works from some of the most well known authors of science fiction. Negotiations are underway to include works from Isaac Asimov (author of "I Robot" and "Nightfall"), Ray Bradbury ("The Martian Chronicles," "Fahrenheit 451"), Harlan Ellison ("A Boy and His Dog," "Jeffty is Five"), and Robert Heinlein ("The Puppet Masters," "Stranger in a Strange Land"). IDT Entertainment, in association with Industry Entertainment, will produce a minimum of six one-hour episodes of the series. IDT Entertainment is a subsidiary of IDT Corporation (NYSE:IDT, IDT.C) an international telecom, entertainment, and technology company.

"We're delighted that MASTERS OF SCIENCE FICTION has found a broadcast home on ABC's primetime lineup," said John Hyde, COO of IDT Entertainment. "ABC is the perfect venue for these interpretations of science fiction's seminal literary voices."

"With IDT Entertainment and Industry bringing such high-end talent, we're very excited about this anthology," said Quinn Taylor, ABC Senior Vice President, Movies and Miniseries. "We've been trying to put together this kind of series because it has great potential to become appointment television."

Writer Michael Tolkin ("The Rapture," "The Player") will adapt and direct one episode. Discussions are underway to feature such works as "The Discarded" by Harlan Ellison, "The Last Question" by Isaac Asimov, and for Ray Bradbury to adapt his own "Dark They Were, And Golden-Eyed."

"We are excited by the response we're getting from the creative community," says Industry Entertainment partner Keith Addis. "We are in advanced discussions with distinguished screenwriters and directors to bring the works of these science fiction icons to a broad audience in the most compelling and entertaining way."

Production on the series will begin this May in Vancouver. IDT Entertainment will handle worldwide sales and home entertainment distribution of MASTERS OF SCIENCE FICTION.

Morris Berger, Steve Brown and John Hyde are executive producers for IDT Entertainment. Industry Entertainment's Keith Addis, Brad Mendelsohn, and Andrew Deane are executive producers and Ben Browning and Adam Goldworm are co-producers.

Industry Entertainment Partners, a leading talent management and production company, has produced award-winning films including sex, lies and videotape, Drugstore Cowboy, The Player, Requiem for a Dream, and Quills.

IDT Entertainment is a vertically integrated entertainment company that develops, produces, and distributes proprietary and licensed entertainment content.

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those with the words "believe," "anticipate," "expect," "plan," "intend," "estimate, "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent IDT's current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in IDT's most recent report on SEC Form 10-K (under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings IDT may make with the SEC.