deltathree Announces Appointment of New Board of Directors

Apr 30, 2001, 01:00 ET from deltathree, Inc.

    NEW YORK, April 30 /PRNewswire/ -- deltathree, Inc. (Nasdaq:   DDDC)
 announced today that the administrator overseeing the insolvency proceeding of
 RSL Communications Ltd., the majority shareholder of deltathree, has taken
 action by written consent to appoint a new board of directors of deltathree
 including the following individuals: Noam Bardin, Shimmy Zimels, Keith Maib,
 Hilary Kramer and James McDermott.  The new board replaces a board composed
 primarily of former RSL executives and affiliates.
     The new board of directors will include, Mr. Bardin the Chief Executive
 Officer, President and a current director of deltathree, Mr. Zimels the Chief
 Operating Officer of deltathree and three new board representatives selected
 by the administrator.  Mr. Maib is a crisis and turnaround management
 executive and is currently serving as the Chief Restructuring Officer of RSL,
 Ms. Kramer is a Senior Managing Director and Chief Investment Strategist for
 the Cisneros Group of Companies and Mr. McDermott is a Principal with the
 Eagle Rock Group, which provides business, financial and management advisory
 services to companies worldwide.
     The administrator overseeing RSL also acted to amend the Company's By-laws
 to reduce the size of the Board of Directors to five members, subject to
 change from time to time by the Board.  In March 2001, RSL Communications
 commenced insolvency proceedings in Bermuda.  RSL is currently in the process
 of exploring strategic alternatives with respect to its ownership position in
 deltathree.
     The Company will be mailing a notice of this action to its shareholders in
 the near future and will provide an update regarding RSL on the quarterly
 earnings conference call on May 3rd, 2001.
 
     About deltathree
     Founded in 1996, deltathree, Inc. (Nasdaq:   DDDC), the IP Communications
 Network, enables customers to strengthen their brands and improve shareholder
 value by hosting voice services and providing the means to support them.  The
 company offers corporate customers a range of Internet telephony products and
 services, including Operations Management, Billing, Provisioning, Customer
 Care and Marketing Support.
     deltathree routes IP telephony traffic to over 160 countries and for 18
 international telecommunications carriers. deltathree received the Built
 Public Network Award for excellence in IP services/applications at SUPERCOMM
 2000, and was named the best IP telephony by SmartMoney magazine and PC World
 Magazine.
 
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SOURCE deltathree, Inc.
    NEW YORK, April 30 /PRNewswire/ -- deltathree, Inc. (Nasdaq:   DDDC)
 announced today that the administrator overseeing the insolvency proceeding of
 RSL Communications Ltd., the majority shareholder of deltathree, has taken
 action by written consent to appoint a new board of directors of deltathree
 including the following individuals: Noam Bardin, Shimmy Zimels, Keith Maib,
 Hilary Kramer and James McDermott.  The new board replaces a board composed
 primarily of former RSL executives and affiliates.
     The new board of directors will include, Mr. Bardin the Chief Executive
 Officer, President and a current director of deltathree, Mr. Zimels the Chief
 Operating Officer of deltathree and three new board representatives selected
 by the administrator.  Mr. Maib is a crisis and turnaround management
 executive and is currently serving as the Chief Restructuring Officer of RSL,
 Ms. Kramer is a Senior Managing Director and Chief Investment Strategist for
 the Cisneros Group of Companies and Mr. McDermott is a Principal with the
 Eagle Rock Group, which provides business, financial and management advisory
 services to companies worldwide.
     The administrator overseeing RSL also acted to amend the Company's By-laws
 to reduce the size of the Board of Directors to five members, subject to
 change from time to time by the Board.  In March 2001, RSL Communications
 commenced insolvency proceedings in Bermuda.  RSL is currently in the process
 of exploring strategic alternatives with respect to its ownership position in
 deltathree.
     The Company will be mailing a notice of this action to its shareholders in
 the near future and will provide an update regarding RSL on the quarterly
 earnings conference call on May 3rd, 2001.
 
     About deltathree
     Founded in 1996, deltathree, Inc. (Nasdaq:   DDDC), the IP Communications
 Network, enables customers to strengthen their brands and improve shareholder
 value by hosting voice services and providing the means to support them.  The
 company offers corporate customers a range of Internet telephony products and
 services, including Operations Management, Billing, Provisioning, Customer
 Care and Marketing Support.
     deltathree routes IP telephony traffic to over 160 countries and for 18
 international telecommunications carriers. deltathree received the Built
 Public Network Award for excellence in IP services/applications at SUPERCOMM
 2000, and was named the best IP telephony by SmartMoney magazine and PC World
 Magazine.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X63447617
 
 SOURCE  deltathree, Inc.