Net2Phone Director Jumps Ship

NEWARK, N.J. -- Net2Phone Inc. (NASDAQ: NTOP - News), a leading provider of VoIP services, announced today that Daniel Schulman has resigned from his position as a member of the company's Board of Directors.

"I have greatly enjoyed working with the entire Board, Net2Phone's management team and its first-class employees during my time as a Director," stated Mr. Schulman, who added, "since I joined the Board more than five years ago, I have seen Net2Phone evolve with the growth of the VoIP industry into an organization with a focused vision of the future of converged communications. Their strategy to be the de-facto VoIP enabler for service providers makes a lot of sense given their core competencies in effective management and technology that continues to be ahead of its time. Regretfully, I have made the difficult choice to step down from the Board, as I believe it will become increasingly difficult, due to other professional obligations, to continue to spend the time necessary to be an effective member of the Net2Phone Board."

"We are very fortunate to have had Dan as a member of our Board for the past five years," said Stephen Greenberg, Vice Chairman and CEO of Net2Phone. "Dan's combined background in telecommunications and the Internet has made him a valuable contributor to our Board. We thank him for his dedication to Net2Phone over the years and wish him the best in his endeavors."

Net2Phone Inc.