IDT Selected by Friendster to Provide Prepaid Calling Card

IDT Corporation (NYSE: IDT; IDT.C) said today that it has been selected by Friendster, a top 20 global website based on traffic and the #1 social network in Asia*, to launch The Friendster Loop, a pre-paid calling card designed for Friendster’s member community.

IDT manages The Friendster Loop calling card service and the corresponding registration and account management web site at www.friendsterloop.com. Friendster has designed and branded the offering and will market The Friendster Loop through a series of integrated marketing campaigns primarily through www.friendster.com to its member community.

"The agreement with Friendster reflects IDT’s strategic commitment to develop and operate innovative voice communications platforms that add value for our partners. We are extremely proud to have been selected by Friendster, and we welcome the opportunity to provide Friendster’s active users with convenient, competitively priced international calling,” said Jim Courter, CEO to IDT.

"Friendster selected IDT since it is a leader in providing high quality and competitive calling card services globally,” said David Jones, vice president of global marketing at Friendster. "Friendster is the first major global social network to extend its social networking website to also include warm, emotional and engaging voice conversations for sharing and communicating live over the phone with friends and family.”

The Friendster Loop calling card will initially be marketed and available in the United States, United Kingdom, Canada, Philippines, Indonesia, Malaysia, and Singapore.

Friendster is a top 20 global website in the world in terms of traffic* serving over 14 billion page views a month*, and Friendster is the #1 social network in Asia, with over 75 million registered users* from Asia.

About IDT Corporation:

IDT Corporation (www.idt.net) is a multinational holding company focused on the telecommunications and energy industries. 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.

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. All forward-looking statements and risk factors included in this document are made as of the date hereof, based on information available to IDT as of the date thereof, and IDT assumes no obligation to update any forward-looking statements or risk factors.

* comScore Media Metrix, Worldwide Data, January 2009