IDT Corporation Chairman Howard Jonas to Address Shareholders on June 19th

Business Wire, June 12, 2008

NEWARK, N.J. -- IDT Corporation's founder and Chairman of the Board, Howard Jonas, will host a conference call to discuss the company's recent performance and current financial position, and to reaffirm its commitment to meeting the financial objectives set forth during the third quarter's earnings call. The call is scheduled for Thursday, June 19th, 2008 at 4:30 PM (Eastern).

Participants may join the conference call in two ways-via webcast or teleconference. The webcast may be accessed by visiting the IDT Corporation website at www.idt.net, or by using this hyperlink: http://www.investorcalendar.com/IC/CEPage.asp?ID=131102

Participants will need Windows Media software to listen to the streaming feed of the conference call. Please allow at least 15 minutes to download any necessary audio software prior to the call.

To participate via telephone, the dial-in number for domestic callers is (877) 407-8033, and for international callers is (201) 689-8033. Please dial in approximately 10 minutes prior to the start of the call.

An audio archive of the call will be available on IDT's Investor Relations webpage, at http://www.idt.net/about/ir/overview.asp, under "Presentations"; or via a replay, for domestic callers at (877) 660-6853, and for international callers at (201) 612-7415, both using Account Number 286 and Conference ID number 288923. The teleconference replay will be available for one week after the call.

We look forward to your participation.

About IDT

IDT Corporation is an innovative and opportunity seeking multinational holding company with operations that span several industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT Energy operates an Energy Services Company (ESCO) in New York State. IDT subsidiary American Shale Oil Corporation (AMSO) manages IDT's oil shale ventures. IDT's Capital division incubates newer businesses, and the Company's Spectrum subsidiary holds its spectrum license assets. IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the Company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital's operations include receivables portfolio management and collection, brochure distribution, Internet Mobile Group, Net2Phone Ventures and other initiatives. IDT Corporation's Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.