ARBX Arbinet Corp. (MM)

Robert C. Atkinson Elected to Arbinet Board of Directors NEW BRUNSWICK, N.J., June 16 /PRNewswire-FirstCall/ -- Shareholders of Arbinet-thexchange, Inc. (NASDAQ:ARBX), the world's leading electronic market for trading, routing and settling communications capacity, elected Robert C. Atkinson, director of policy research at the Columbia Institute for Tele- Information (CITI) at Columbia University, to the Board for a three-year term. Mr. Atkinson will serve on the Company's audit committee. "Bob Atkinson's expertise and credentials in telecom law and public policy over the past 30 years make him a significant addition to the Arbinet board of directors," comments J. Curt Hockemeier, chief executive officer and president of Arbinet. "His guidance on strategic, legal and regulatory issues in the global telecom and Internet industries will be invaluable to the board and to our business partners." Robert Atkinson has been an expert in telecom law and public policy since the mid-1970s, with a focus on the development of local telephone competition since 1985. As the Director of Policy Research at CITI, Mr. Atkinson conducts academic research related to telecommunication regulation and public policy. Prior to joining CITI in mid-2000, Mr. Atkinson was the deputy chief of the FCC's Common Carrier Bureau where he was responsible for developing, implementing and enforcing FCC policies governing interstate telecommunications services including merger reviews. In 2001, the FCC appointed him to be the chairman of the North American Numbering Council, the group advising the FCC on matters affecting the availability and utilization of telephone number resources in North America. Prior to his FCC tenure, Mr. Atkinson was responsible for the regulatory, public policy and external affairs activities of Teleport Communications Group (TCG), the nation's first Competitive Access Provider (CAP) and Competitive Local Exchange Carrier (CLEC). In 1994, he became senior vice president for legal, regulatory & external affairs when his role was expanded to include responsibility for TCG's legal department. When AT&T acquired TCG in July 1998 and TCG became AT&T Local Services, he was vice president and chief regulatory officer of AT&T Local Services until he joined the FCC. Mr. Atkinson is a graduate of the University of Virginia with a Bachelor of Arts degree in Government and Foreign Affairs. He also received a law degree (JD) from the Georgetown University Law Center. While at Georgetown, he was a member of the Georgetown Law Journal. He is presently admitted to the bar in New Jersey. About Arbinet Arbinet is the leading electronic market for trading, routing and settling communications capacity. Members of the exchange, consisting primarily of communications service providers, buy and sell voice calls and Internet capacity based on route quality and price through its centralized, efficient and liquid marketplace. Members place orders through a web-based interface. Its fully automated, highly scalable trading platform matches these orders using proprietary software and delivers them through state-of-the-art facilities. Contact: Chris Reid Arbinet-thexchange 1.732.509.9160 Carolyn M. Robertson STC Associates 1.212.725.1900 ext 204 DATASOURCE: Arbinet CONTACT: Chris Reid of Arbinet-thexchange, +1-732-509-9160, or , or Carolyn M. Robertson of STC Associates, +1-212-725-1900 ext 204, or Web site: http://www.arbinet.com/

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