NTOP Net2Phone (MM)

Net2Phone (NASDAQ: NTOP), a leader in the Voice over Internet Protocol (VoIP) industry was honored with two awards presented by TMC publishing and the International Packet Communications Consortium (IPCC) at a banquet held last week in Los Angeles. Net2Phone won the Best Mobile VoIP award as chosen by the readers and editorial staff of INTERNET TELEPHONY Magazine as well as the board of the IPCC. In addition, Net2Phone was selected to receive an INTERNET TELEPHONY VoIP Service Provider Award by the editors of INTERNET TELEPHONY Magazine. Net2Phone has established itself as a world leader in delivering voice services over data networks, particularly through enabling service providers to deliver retail VoIP services to their consumer and commercial subscribers. The awards dinner coincided with the INTERNET TELEPHONY Conference and EXPO - Fall 2005 at the Los Angeles Convention Center. The dinner was hosted by INTERNET TELEPHONY's publisher TMC and the IPCC. TMC President Rich Tehrani and IPCC Chairman Michael Khalilian presented the recipients with their awards. Simon McIver, Net2Phone's Senior Director of Enterprise Solutions and conference speaker, was on hand to accept the award. Net2Phone's CEO Liore Alroy commented, "It is extremely gratifying to be recognized for our contributions to this dynamic industry. These awards symbolize the hard work and dedication of our entire Net2Phone team." About Net2Phone Net2Phone provides VoIP PacketCable, SIP and wireless solutions around the world. As a leader in turnkey 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.