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IDT Entertainment and Vanguard Animation Launch Production of Animated Feature Film ``Space Chimps''; Comedy to Be Distributed by Twentieth Century Fox.

LOS ANGELES & NEWARK, N.J. -- Vanguard Animation and IDT Entertainment have announced the launch of production of their new all CG-animated feature film, "SPACE CHIMPS." The comedy, which follows the galactic misadventures of a hapless descendant of the first chimps in space, will be distributed domestically through IDT Entertainment's multi-picture deal with Twentieth Century Fox. IDT Entertainment is a subsidiary of IDT Corporation (NYSE:IDT)(NYSE:IDT.C), an international telecom, entertainment, and technology company.

"We have developed this project over the past several years with extremely talented writers, and I'm thrilled with the result," says the film's producer and Vanguard CEO John H. Williams ("Shrek"). "We've put enormous time and creative energy into the evolution of the characters, the look of the film, and the story arc, and we're convinced we have a franchise film."

"We're delighted that "Space Chimps" is now underway," says Morris Berger, IDT Entertainment CEO. "This comedic family entertainment has everything we look for in the films we produce including enthralling storytelling and engaging characters. We're looking forward to a terrific collaborative experience."

Norton Virgien ("The Rugrats Movie," "Rugrats Go Wild!") and Donovan Cook ("Mickey, Donald, Goofy: The Three Mouseketeers") will direct. The writer is Kirk DeMicco, whose credits include last year's comedy "Racing Stripes," "The Twits," in development for Vanguard/Disney (co-writing with John Cleese), and the upcoming "Crood Awakening" for Aardman and DreamWorks. Other writers are Jason Venokur, Dave Goetsch, & Ross Venokur.

Extensive character design and storyboarding are currently underway in Vancouver, BC at IDT Entertainment and Vanguard's state-of-the-art CG animation studio.

John Williams is the Producer, Curtis Augspurger is Co-Producer, Tom Jacomb is Associate Producer, and Eric Bennett and Neil Braun are Executive Producers for Vanguard Animation. Morris Berger, Stephen R. Brown, Janet Healy and Jerry Davis are Executive producers for IDT Entertainment. "Space Chimps" is an IDT Entertainment presentation of a Vanguard Animation film. Odyssey Entertainment has sold the film in all major international territories.

Neil Braun, IDT Entertainment's President of Feature Films and Television, continues to serve as President and Chief Operating Officer of Vanguard Animation. IDT Entertainment owns approximately 23% of Vanguard Animation.

Vanguard Animation/Vanguard Films is a film and animation production company, which produced "The Tuxedo" with Jackie Chan for DreamWorks and "Seven Years in Tibet" with Brad Pitt for Sony. Vanguard's first independently financed animated feature film, "Valiant," was distributed domestically by Disney in 2005 and debuted on DVD in December 2005. Vanguard's next CG-animated film with the Berliner Film Center and Berlin Animation Fund, "Happily N'Ever After," has just wrapped production.

IDT Entertainment is a vertically integrated entertainment company that develops, produces, and distributes proprietary and licensed entertainment content. The company's first CG feature film, "Everyone's Hero," distributed through Twentieth Century Fox, premieres nationwide on September 15th. IDT Entertainment is a division of IDT Corporation (NYSE:IDT)(NYSE:IDT.C), an international telecom, entertainment, and technology company.

Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those with 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 IDT's 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 described in IDT's most recent report on SEC Form 10-K (under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings IDT may make with the SEC.
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Publication:Business Wire
Date:Apr 12, 2006
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