Net2Phone to Report Q3 2005 Earnings on June 6; Company to Present at

Net2Phone to Report Q3 2005 Earnings on June 6; Company to Present at Industry Conferences

    Business Editors/Technology Writers

    NEWARK, N.J.--(BUSINESS WIRE)--May 16, 2005--Net2Phone, Inc. (Nasdaq: NTOP), a leading Voice over IP (VoIP) enabler for service providers, is expected to announce its third quarter of fiscal 2005 financial results on June 6, 2005 after the market closes. Net2Phone's third fiscal quarter ended April 30, 2005.
    Please join us for a live webcast at 4:30 PM EDT. Participants may access the live webcast by visiting http://web.net2phone.com/about/investor/earning.asp or www.vcall.com. Users can continue to access a replay of the call at the web sites listed above for the following two weeks.
    Net2Phone also announced today participation in the following upcoming events. Interested parties can view details of these events on Net2Phone's Web site at http://web.net2phone.com/about/investor/events.asp.

--	May 16-17, 2005 -- Thomas Weisel Partners Internet Conference 2005, San Francisco, CA. Stephen Greenberg will be presenting on Monday, May 16, 2005 at 2:40 pm at the Internet Telephony Roundtable.
--	May 16-19, 2005 -- JP Morgan Technology Conference, San Francisco, CA. Michael Pastor, President, Net2Phone Cable Telephony, will be presenting on Friday, May 19, 2005, 12:00 pm.
--	May 23-27, 2005 -- GTM, Washington, D.C. Jonathan Reich, CEO of Net2Phone Global Services will be presenting on Wednesday, May 25, 2005, 3:00-4:30 pm on "Voice over IP: Quality Connections Over Satellite". Net2Phone will also be exhibiting in Conversion Room #129.
--	June 1-2, 2005 -- SG Cowen 33rd Annual Technology Conference, New York, NY. Stephen Greenberg, Chairman, Net2Phone, will be presenting on Wednesday, June 1, 2005 from 4:00 - 4:25 pm.
--	June 6, 2005 -- VoIP: Telephony Conference, Chicago, Illinois. Simon McIver, Senior Director of Enterprise Solutions Group will be presenting on "Technology: Managing VoIP Networks" from 2:45-3:45 pm.
--	June 15-17, 2005 -- SCTE, San Antonio, TX. Net2Phone will be exhibiting at Booth #410.

    About Net2Phone

    Net2Phone (NTOP) provides VoIP PacketCable, SIP and wireless solutions around the world. As a leading provider of turn-key hosted VoIP telephony services, Net2Phone has routed billions of VoIP minutes globally, servicing more than 100,000 users in the US as well as hundreds of thousands of more overseas. Net2Phone provides partners with a SIP-based broadband telephony solution, calling cards, prefix dialing and enterprise services in over 100 countries. Net2Phone's PacketCable platform provides cable operators with the ability to deliver a primary line replacement service with guaranteed QoS and features such as E911. For more information about Net2Phone's products and services, please visit www.net2phone.com.

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward- looking statements involve risks and uncertainties and actual results could differ materially from those discussed in the forward-looking statements. For this purpose, any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Factors which may affect the Company's results include, but are not limited to, the Company's ability to expand its customer base, the Company's ability to develop additional and leverage its existing distribution channels for its products and solutions, dependence on strategic and channel partners including their ability to distribute the Company's products and meet or renew their financial commitments, the Company's ability to address international markets, the effectiveness of the Company's sales and marketing activities, the acceptance of the Company's products in the marketplace, the timing and scope of deployments of the Company's products by customers, fluctuations in customer sales cycles, customers' ability to obtain additional funding, technical difficulties with respect to the Company's products or products in development, the need for ongoing product development in an environment of rapid technological change, the emergence of new competitors in the marketplace, the Company's ability to compete successfully against established competitors with greater resources, the uncertainty of future governmental regulation, the Company's ability to manage growth, obtain patent protection, and obtain additional funds, general economic conditions and other risks discussed in this press release and in the Company's filings with the Securities and Exchange Commission. All forward-looking statements and risk factors included in this document are made as of the date hereof, based on information available to the Company as of the date thereof, and the Company assumes no obligation to update any forward-looking statement or risk factors.

--30--BS/ny*

CONTACT: Net2Phone, Inc. Dawn Orlinsky, 973-438-3508 dorlinsky@net2phone.com

KEYWORD: NEW JERSEY INDUSTRY KEYWORD: TELECOMMUNICATIONS EARNINGS CONFERENCE CALLS SOURCE: Net2Phone, Inc.

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