NTOP Net2Phone (MM)

Net2Phone (NASDAQ: NTOP) announced today that Technology Marketing Corporation (TMC(R))'s INTERNET TELEPHONY(R) magazine (www.itmag.com) has named Net2Phone's VoiceDirector(SM) as a recipient of a 2005 Product of the Year Award. INTERNET TELEPHONY has been the VoIP Authority Since 1998(TM). VoiceDirector(SM) is a SIP (Session Initiation Protocol) based VoIP corporate calling solution designed to drastically reduce the communication costs of small and medium sized businesses without sacrificing quality of service. Net2Phone's suite of commercial VoIP products and services provides small and medium sized businesses the flexibility of either adding VoIP to their existing analog private branch exchange (PBX) system or replacing these systems with a full fledged Internet protocol, or IP PBX offering. Net2Phone's CEO Liore Alroy said, "Recognition of a job well done can come in many forms. Net2Phone is grateful to receive it on three fronts. First, from the many customers who continue to express confidence in our ability to deliver a scalable, easy to implement, high quality commercial IP telephony solution. Second, from industry peers who continually see our product offerings as innovative and recognize us as VoIP pioneers. Third, from media, such as INTERNET TELEPHONY, that follow us and the VoIP industry and acknowledge what we do through awards such as this Product of the Year Award, which we are proud to receive." In October 2005, at the INTERNET TELEPHONY Conference and Expo, Net2Phone received two INTERNET TELEPHONY Awards. Net2Phone was honored with the Best Mobile VoIP product as well as a VoIP Service Provider award. "Each year INTERNET TELEPHONY magazine bestows its Product of the Year awards on companies that have demonstrated excellence in technological advancement and application refinements. Net2Phone has demonstrated to the editors of INTERNET TELEPHONY that its products or services are committed to quality and innovation while addressing the real needs in the marketplace," said Rich Tehrani, Group Publisher and Editor-in-Chief of INTERNET TELEPHONY. The Product of the Year Award winners for 2005 will be highlighted in the January and February 2006 issues of INTERNET TELEPHONY magazine. About TMC(R) Celebrating more than 30 years as a leading publisher, Technology Marketing Corporation (TMC(R)) publishes Customer Inter@ction Solutions(R) and INTERNET TELEPHONY(R) magazines, Web portal TMCnet.com, and the online publications SIP(TM), Speech-World(TM), VoIP Developer(TM), WiFI Telephony(TM), WiMAX(TM), Alternative Power(TM) and BiometriTech(TM). TMC(R) is also the first publisher to test new products in its own on-site laboratories, TMC(R) Labs. TMC(R) produces INTERNET TELEPHONY(R) Conference & EXPO, VoIP Developer Conference(TM) and Global Call Center Outsourcing Summit(TM). TMC offers live and online certification programs through TMC University. TMCnet.com publishes more than 14 online newsletters. Visit www.tmcnet.com for details. About Net2Phone Net2Phone provides PacketCable, SIP and wireless solutions around the world. As a leader in 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 high quality primary line-type service with features such as emergency calling. 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 satisfy in a timely manner the requirements of Section 404 of the Sarbanes-Oxley Act and the rules and regulations adopted pursuant thereto, 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.