IDT Reports Results for First Quarter of Fiscal Year 2004

IDT Entertainment and The Christian Broadcasting Network, Inc’s NorthStar Entertainment Group Enter Into Joint Venture Offering Family Friendly Entertainment Companies will Develop, Produce and Distribute Original and Library Programming

IDT Entertainment Completes Acquisition of Anchor Bay Entertainment Group

IDT Corp. To Report First Quarter Results December 11th Conference Call Scheduled for 8:00 am (EST)

IDT Entertainment to Acquire Anchor Bay Entertainment Purchase Provides IDT Entertainment with International Video/DVD Distribution

IDT Entertainment Completes Acquisition of a Controlling Interest in Mainframe Entertainment, Inc.

IDT Wins Arbitration Award Against Telefonica Telefonica's Counterclaims Against IDT are all denied and dismissed

IDT Corp. Announces the Creation of IDT Entertainment New Company Will Expand IDT’s Entertainment Efforts

IDT Media Announces the Formation of Liberty Broadcasting System Broadcast Radio System Will Provide News, Information and Entertainment Programming

IDT Reports Results for Fourth Quarter and Fiscal Year 2003 · Annual Consolidated Revenues Increase 16% · IDT Telecom ’03 Operating Profits Double Those of ‘02 · Strong Cost Controls Yield a $30 Million Year-over-Year Improvement in Consolidated SG&A Expenses ·Cash, Cash Equivalents & Marketable Securities Remain Above $1 Billion

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