About Fabrix SystemsFabrix Systems (Fabrix) provides superior, enterprise class, integrated storage and computing platforms for applications requiring massive processing and storage of video-centric big data of media and entertainment, IT, surveillance, life sciences and energy industries. The Fabrix solution is distinguished by its tightly integrated architecture, which marries store, compute and distribute capabilities and represents a paradigm shift in the implementation of IT architectures. Fabrix’s disruptive, software-based platform delivers performance, reliability, scalability and flexibility. Fabrix is majority owned by IDT Corporation (NYSE:IDT). About IDT Corporation: IDT Corporation (NYSE:IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked to conveniently and inexpensively communicate and share resources around the world. IDT Telecom’s wholesale business is a leading global carrier of international long distance voice calls. IDT also holds majority interests in two early-stage technology companies focused on high growth industries: Zedge ( www.zedge.net), a mobile content discovery and acquisition platform, includes one of the most popular Apps for Android and iOS; Fabrix Systems ( www.fabrixsystems.com), a cloud based scale out storage and computing platform, provides a scalable solution optimized for media and big data processing and delivery. For more information, visit www.idt.net. In this press release, all statements that are not purely about historical facts, including, but not limited to, payment of dividends and those in which we use 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. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those specific risks and uncertainties discussed in the reports that IDT files periodically with the SEC. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.