The CEO of IDT Corporation’s (NYSE: IDT) Genie Energy Ltd. subsidiary (Genie), Claude Pupkin, and the Chief Scientist of Genie’s oil shale initiative in Israel (Israel Energy Initiatives), Harold Vinegar, PhD., will present at the Rodman & Renshaw Annual Global Investment Conference (Israel Track) in New York City on Tuesday, September 13, 2011.

The presentation will focus on IDT’s Genie Energy subsidiary and in particular, its oil shale initiative in Israel. IDT has announced that it intends to spin off Genie to its stockholders later this year.

The presentation is scheduled to begin at 2:00 p.m. (Eastern) and continue for approximately 20 minutes. The conference presentation, including written materials accompanying the presentation, will be available on the Investor Relations page of IDT’s website,  www.idt.net/aboutus/ir, through December 12, 2011.

To schedule a one-on-one meeting with Mr. Pupkin and Dr. Vinegar prior to or following the formal presentation, please e-mail invest@idt.net.

About IDT Corporation:

IDT Corporation (NYSE:IDT) is a consumer services company with operations primarily in the telecommunications and energy industries. Find out more at www.idt.net.

About Genie Energy Ltd.:

Genie Energy Ltd (Genie) is a wholly owned subsidiary of IDT Corporation (NYSE: IDT). IDT has announced plans to spin-off Genie to shareholders as a separate publicly traded company. Genie is comprised of IDT Energy, a reseller of electricity and natural gas to retail customers, and Genie Oil and Gas (GOGAS). GOGAS is pioneering technologies to produce clean and affordable transportation fuels from the world's abundant oil shales and other unconventional fuel resources. GOGAS contains Genie’s interests in oil shale development initiatives in Colorado and Israel.

Copyright Business Wire 2010