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IDT Corporation to Report 4th Quarter Results October 10th; Conference Call Scheduled for 4:30 PM (Eastern)

NEWARK, NJ- October 4, 2006 Please join us for the IDT Corporation (NYSE: IDT, IDT.C) fourth quarter conference call when we report results for the three-month period ended July 31, 2006 and the full 2006 fiscal year, along with an update on our businesses. Our conference call is scheduled for Tuesday, October 10th at 4:30 PM (Eastern). An earnings release will be available prior to the call.

We are pleased to offer two ways to participate in the conference call – via teleconference or webcast. The webcast may be accessed by visiting the IDT Corporation website at www.idt.net, or by using the hyperlink: http://www.vcall.com/IC/CEPage.asp?ID=109963.

You 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.

If you choose to participate via telephone, the dial-in number for domestic callers is (866) 594-2183, and for international callers (973) 935-8583. Conference ID # 7953101 will speed your connection to the call.  Please dial in approximately 10 minutes prior to the start of the call.

An archived copy of the call will be available on the Investor Relations page of the IDT website, at: https://www.idt.net/about/ir/overview.asp; or via a replay, for domestic callers at (877) 519-4471, and for international callers at (973) 341-3080, both using Passcode # 7953101. 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 opportunistic multinational holding company with operations that span various industries.  Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. 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. Through Net2Phone, the company also provides a range of voice over Internet protocol (VoIP) communications services.  IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, ethnic food distribution, brochure distribution 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.